Buffalo, NY Real Estate Blog

Seven graphs that show the real estate market is back! [INFOGRAPHIC]

Some Highlights: Distressed property sales fell to its lowest number since NAR began tracking it in 2008. As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range. Interest rates are still at historic lows, signifying that now is the right time to buy!

Sales of distressed properties hit new low

The National Association of Realtors (NAR) recently released their latestExisting Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far [MORE…]

As the senior population grows, so will employment opportunities

Have you noticed all the senior housing developments springing up across Western New York? Well, it’s a trend that’s in full bloom across the nation, and with good reason. It was back in 2011 when the U.S. Department of Health and Human Services first predicted a significant boom in our nation’s senior population. How significant? [MORE…]

50% of houses sold in 36 days or less in July [INFOGRAPHIC]

Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less [MORE…]

Five stats that prove the real estate market is getting stronger

Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade. Here are five data points that show the housing market will continue to recover, and that a [MORE…]

Housing market slowing down? Don’t tell builders!

Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007. The latest estimates from the US Census Bureau and Department of Housing [MORE…]

What’s happening in the real estate market?

This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate recently converged in New Orleans as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors. Here are the top [MORE…]

Homes continue to sell quickly nationwide

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of homes across [MORE…]

The top reasons why Americans buy homes

The inaugural “Homebuyer Insights Report” was recently released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained: “Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of [MORE…]

Low inventory causes home prices to accelerate

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, chief economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant ramp-up in new home [MORE…]