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Buffalo leads the nation in real estate appreciation

Research firm Clear Capital reveals in the January 2014 issue of Kiplinger’s Personal Finance magazine that Buffalo prices are up 16% since May 31, 2006 - highest among the 100 largest metro areas in the US. The median sales price in Allentown rose 43 percent from six years ago. Over the same six years, prices rose 31 percent in North Buffalo and 15 percent in the Delaware District. Read the...

Why Buffalo is bouncing back faster than Atlanta

The recession is dragging everyone down, but some parts of the U.S. are bouncing back faster than others. Howard Wial, a Brookings fellow, looked at how the recession has affected the country’s major metropolitan areas and which places are recovering faster than others. Continue reading in The Washington Post...

Vacancy Rates – Buffalo Ranks Seventh-Worst

The City of Buffalo has the seventh-worst housing vacancy rate among America's major cities, according to figures released by the U.S. Census Bureau. The same federal study shows that Buffalo has the oldest and most inexpensive housing stock among the 81 U.S. cities with at least 100,000 homes. Read more: New Orleans has worst housing vacancy rate; Buffalo is seventh-worst | Business First

Buffalo Niagara Region Ranks 5th In Affordable Housing

Based on median sale price and median income, the Buffalo Niagara region ranked 5th among large metro areas on the quarterly "Housing Opportunity Index" created by the National Association of Home Builders and Wells Fargo. The region earned an "affordability" score of 93.3 percent, meaning that percentage of new and previously occupied homes sold from April through June were considered affordable...

Buffalo Foreclosure Filings Decline

A mid-year report released by RealtyTrac Inc. shows foreclosure filings in Buffalo rank at the low end of the 206 markets measured nationwide. According to the report, there were 915 foreclosure filings in the Buffalo area from January through June, or one for every 570 households, a decline of 45 percent over the first six months of 2009. That placed Buffalo 197th on the list. Read more: U.S....

FT: Heritage and culture

Buffalo in New York State has long been a poster-child for the decaying rust belt, yet Lura Hess Bechtel and her husband, Mitch, have no regrets about moving to Buffalo from New York City five years ago. Read the full article in Financial Times...

Decision Time for HSBC

HSBC Bank USA NA, the largest bank in Buffalo, expects to decide “in the next few months” whether it will renew its lease at the city’s tallest office building or move elsewhere. HSBC spokesperson Neil Brazil said Friday that the bank, which employs 2,227 workers at the downtown One HSBC Center, initiated a review of its future real estate requirements in Buffalo earlier this year. The bank has...
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