Tag: us

Risks of investing?

Someone asked me the other day – ok Alan, if I should be looking at about 15% return plus capital growth, there MUST be some risk involved there. What are those risks? So I thought I’d share my thoughts on this with you. 1. Management Good management is the overriding factor in making the difference between a successful investment and a bad one. Having bad or ineffective management of the property...

Buffalo Property Transactions in May Week 3

Buffalo real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending May 21. Highest price: $990,000 Average price: $123,047 Median price: $58,625 Number of Sales: 42 • 200 Delaware Ave., Delaware Uniquest Llc to Phillip A. Baum, $990,000. • 270&281&303 Central&1438 Bailey, BSM-DE Inc. to 25 Depot Street Inc., $684,432. • 132 Lakefront Blvd.,...

Why Invest In USA? Why ‘Rust Belt’ Cities?

USA has the largest real estate market in the English speaking world. It also is one of the most diverse.There are arguments on both sides for investing in US assets but events are beginning to show that the US$ is behaving as a ‘haven’ currency, retaining and even strengthening against the British Pound and Euro and is perceived as having more internal stability, within a more dynamic economy. ...

Buffalo Property Transactions in May Week 1

Buffalo real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending May 7. Highest price: $400,000 Average price: $75,265 Median price: $27,500 Number of Sales: 32 • 50 Depew Ave., Clarissa Willett; Brian Willett to Julie A. Gavin, $400,000. • 581 Colvin Ave., RJ Gullo Properties No. 1 Inc. to Hamri Garden Llc, $335,500. •3 Clarendon Place,...

57,256 Homeowners Receive Pre-Foreclosure Notice

In the last three months, more than 57,000 pre-foreclosure notices have been sent to homeowners across the state — including 2,917 in Erie County — who are behind on their mortgage payments, reports Buffalo News. A state law enacted last year requires servicers to notify delinquent borrowers at least 90 days before initiating foreclosure proceedings and tell them how they can avoid foreclosure....

Mortgage Rates Lowest Since March

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

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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