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New homebuyers are seeking old homes, unaware of how costly renovations can be


Escaping to the country is all romance until it’s time to escape from your creditor.
With a large share of the nation’s workforce continuing to work remotely, many used their downtime last year to fulfill their dream of buying a dear little house far from plague-ridden urban centers.
Data from Realtor.com shows that sales of homes built more than 100 years ago rose by 16 percent in 2020 in the tri-state area compared to last year.
(iStock)
Data from Realtor.com shows that sales of homes built more than 100 years ago rose by 16 percent in 2020 in the tri-state area compared to last year, with a median sale price of $236,000. During the same period, New York City saw a sales decline of 6 percent overall. ....

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