It’s felt like a quick 2014 here in Buffalo, but all in all it’s been the best year since I moved here. Momentum is gathering and in certain areas, house prices are rising fast (Overall, Buffalo prices rose 16 percent since May 31, 2006 – highest among the nation’s 100 largest metro areas, according to research by Clear Capital) The biggest risers have all been the more upmarket city...
Buffalo property transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending June 20.
Highest price: $1,600,000
Average price: $189,615
Median price: $75,000
Number of Sales: 46
• 304 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000.
• 310 North St., Grace Manor Health Care Facility Inc. to Grace Manor Llc, $1,600,000.
In the past, there was a received wisdom (usually among agents selling overpriced ‘investments’ for high commissions) to ‘invest for capital growth’ – i.e. don’t worry so much about what the Yield is, just buy where you think is an ‘up and coming area’ or ‘the next big thing’ – these in Europe were places like Capital cities in Eastern Europe (Tallinn, Riga, Sofia, Prague, Budapest) and Holiday...
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, Michael...
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....
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.
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
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...
An old industrial complex Batavia, where the business incubator concept was born, will be redeveloped as part of a city agreement with the Masse Gateway Restore New York project and Joseph L. Mancuso & Sons.