Buffalo, NY Real Estate Blog


Home is where the heart is

The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. The top four reasons to own a home cited by respondents were not financial. 1. It means having a good place to raise children & provide them with a good education [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…]


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…]


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…]


Future home values: Where do the experts think they are headed?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment and market strategists about where they believe prices are headed over the next five years. They [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…]


Thinking of buying a home? What are you waiting for?

You may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will [MORE…]


Do you know how much equity you have in your home? You may be surprised!

CoreLogic’s latest Equity Report revealed that 256,000 properties regained equity in the third quarter of 2015. This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News For Homeowners  Frank Nothaft, CoreLogic’s chief economist, explains: “Home price growth continued to lift borrower equity positions and increase [MORE…]