Buffalo, NY Real Estate Blog


How do rising prices impact your home equity?

Recently, we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. So what does this mean for homeowners and their equity [MORE…]


Important information about the STAR program

Are you up to date on the latest news about the New York State School Tax Relief (STAR) program? The Basic and Enhanced STAR benefits save most New York homeowners hundreds of dollars annually! This year, the state announced that certain homeowners will now have to register for the new STAR credit. New applicants who [MORE…]


Harvard: Five reasons why owning a home makes sense financially

We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities. Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper on homeownership titled The Dream Lives On: [MORE…]


Americans believe real estate is the best long-term investment [INFOGRAPHIC]

Some Highlights: Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans. Real estate is ranked as the best long-term investment among all age groups. Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment. For more information on real estate [MORE…]


Don’t be fooled … homeownership is a great investment! [INFOGRAPHIC]

Some Highlights: Harvard University’s Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home. Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of “forced savings.” Whether you rent or own, you are paying a mortgage. [MORE…]


One more time, real estate is a great investment

In a recent blog post on Marginal Revolution, economist Alex Tabarrok discussed homeownership as an investment. Here is what Mr. Tabarrok had to say: “Housing is overrated as a financial investment. First, it’s not good to have a significant share of your wealth locked into a single asset. Diversification is better and it’s easier to diversify with stocks. [MORE…]


How to get the most money when selling your house

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a little low This may seem counterintuitive. However, let’s look at this concept [MORE…]


Mortgage rates again at historic lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a volatile stock market have [MORE…]


How to create real family wealth [Infographic]

Some Highlights: Buying a home is often the biggest financial decision that any family will make. The average net worth of a homeowner is 45 times greater than that of a renter. Homeownership puts your housing costs to work for you. Infographic was created in cooperation with Jensen & Co. For more information, please contact The [MORE…]


Homeowner’s net worth is 45x greater than a renter’s

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in [MORE…]