New York City is still one of the most desirable places to live, especially for young professionals. The city offers tons of opportunities in the career field. It also offers the excitement of a multicultural pot of people who blend well into the everyday life and the bustle of the city. New York is well populated and very diverse. This city still attracts many people from other states and other countries as well. Many people move to New York in search of better opportunities for jobs, career, entertainment, and healthcare. However, moving to this city comes with a price - the price of real estate, the price for living in this colorful city.

New York real estate is one of the most expensive in the country. In popular areas, a small apartment with one or two bedrooms will sell for over a million - Manhattan is almost untouchable, and you need a good solid income to own property there. People who cannot afford living in New York anymore, move to the neighboring New Jersey, which offers affordable real estate for New Yorkers who have a good income. In addition, commute to the city is very fast and easy through the major highways.

The best parts of the city offer expensive real estate, but other areas may offer some bargains. Even after the foreclosure wave, homes were selling in the best locations in the city. Brooklyn offers a much affordable choice but getting up in price as the neighborhoods continue to be restored and up incoming. Brooklyn Heights and Park Slopes saw a rise in pricing. Brooklyn's most coveted jewels offer a much affordable option to the pricey Manhattan. The decline in the economy and the many foreclosures and short sales opened the door to many people who wanted to move to the city and were keeping an eye on a few bargains. However, that does not mean that they got real estate for a song, in general, the city is still pricey, compared to other states in the United States.

Many people are waiting for another wave of foreclosures soon to happen to capitalize and find the perfect place to buy in New York. It is expected that home prices will fall after the next wave of foreclosures as well. However, this is not to say that there won't be competition amongst many prospective buyers who want to move to the city, and have been patiently waiting for it to happen. For many, this represents the opportunity of a lifetime - and they are following the yellow brick road to the Big Apple.

Still the best bargains in the Manhattan real estate may not be bargains at all for most of the population. There is no Wal-Mart pricing in real estate when it comes down to Manhattan real estate. Still, a piece of Manhattan real estate is one of the best prizes for investors. Washington Heights is being considered by many as a bargain alternative to the pricey condos and apartments of the city. In general, if you can afford in the City this is a good time to find your real estate jewel.