Author: Alan Findlay

One Bid Received For Buffalo’s Olympic Towers

Written by Alan Findlay on . Posted in Buffalo, News.

At least one bid has been received for downtown Buffalo’s Olympic Towers, reports Buffalo Business First. By 3 p.m. on Wednesday, just one bid for $1.25 million was submitted for the Pearl Street landmark, in an online auction. Bids are due by 3 p.m., Thursday, May 20. Read more: $1.25M offered for Olympic Towers - Business First of Buffalo

Housing Market Busy in April

Written by Alan Findlay on . Posted in Buffalo, News, Stats & Trends, Taxes.

Many rushed to sign on the dotted line last month, as homebuyers in the Buffalo Niagara region scrambled to take advantage of federal tax credits on home purchases before they expired, reports Buffalo News Business Today. Pending home sales jumped to their highest level in at least 11 years as buyers rushed to sign contracts before the April 30 deadline for federal tax credits of as much as $8,000. The...

Sale of Excellus Building Falls Through

Written by Alan Findlay on . Posted in News, Syracuse.

A Houston company’s plan to buy the former downtown Syracuse home of Excellus Blue Cross Blue Shield has fallen through, a city official said today. Davico Realty Group, of Houston, apparently backed away from the acquisition after determining that its intended anchor tenant for the 200,000-square-foot building “was not a viable tenant,” said Ben Walsh, deputy commissioner of the Syracuse Office...

US Foreclosures Fell in April

Written by Alan Findlay on . Posted in Foreclosure, News, Stats & Trends.

Foreclosures in the US fell by more than 2 percent in April from a year earlier, the first year-over-year decline in the five years RealtyTrac has been reporting the data. The number of Americans receiving foreclosure notices was down 2.4 percent in April from a year before and 9 percent lower than March 2010. Experts say the foreclosure situation is slowing, and may have hit a plateau. Read...

Paulson: House Prices Will Rise 3-5% This Year

Written by Alan Findlay on . Posted in News.

Hedge-fund manager John Paulson, who made $15b shorting the real estate market, said today that he expects housing prices to rise between 3 and 5 percent this year and another 8 to 12 percent in 2011. Read more: CNBC

Erie County Deals in April

Written by Alan Findlay on . Posted in Members Only.

The Score blog has put together a database with 1,368 deals that were registered in Erie County last month. Read more: Business First of Buffalo: 1,368 real estate deals in Erie County

Mortgage Rates Lowest Since March

Written by Alan Findlay on . Posted in Mortgages, News.

U.S. mortgage rates for 30-year fixed loans dropped to 5 percent in the week ended today from 5.06 percent last week. The average 15-year rate was 4.36 percent. Read more from The Buffalo News Business Today

Positive Reports Supporting Hopes For Recovery

Written by Alan Findlay on . Posted in News.

It was an unbelievably busy March for U. S. factories and a surge in home buying are the latest signs that the economic recovery is picking up. Orders to U. S. factories rose 1.3 percent in March, the Commerce Department said Tuesday. That was much better than the 0.1 percent decline analysts had expected. Excluding the volatile transportation sector, orders gained 3.1 percent, the biggest increase...
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