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Month: September 2019

Sep 2019

House of the Week: Renovated Oswego County home built in 1899

Mallory, N.Y. — Any house built in the 19th century is bound to have some history that goes with it and 78 County Route 32 in Mallory is no exception. The home, built in 1899 and owned by Bill Drescher, is on the market now. Drescher and his family are considering a move to a …

Sep 2019

Sticker shock with new Buffalo property assessments

BUFFALO, N.Y. (WKBW) — For the first time since 2001, the City of Buffalo has done a complete reassessment on 93,000 residential and commercial properties. The good news; all 90+ neighborhoods in the city have increased in value – meaning property can be sold for more. The bad news; about 30% of owners could see …

Sep 2019

Here are the best markets for real estate

Which cities are the best real estate markets and which are the worst? If you’re a real estate agent, real estate investor, homeowner, homebuyer, or considering moving, you’ll likely want to know the answer to that question. And lucky for you, we have a good look at the best and worst markets for real estate, …

Sep 2019

For sale in Upstate NY: $850,000 Geneva home with gorgeous views of Seneca Lake

Courtesy of Carol Van Horn 731 S Main St, Geneva, NY This one of a kind property includes lake-side porches with beautiful views of Seneca Lake for any season. It has a majestic presence along South Main Street in Geneva, New York. Built in 1846, the Geneva Historical Society calls this house an adobe. Often …

Sep 2019

Town of Ulster settles tax reduction case with owners of Home Depot parcel

Faced with the prospect of spending significantly more money fighting the case in court than capitulating will cost, the Ulster Town Board on Aug. 15 announced a settlement with Florida Samas Venture, Inc., to reduce the assessment on a property occupied by Home Depot from $6.91 million to $6.5 million. The 21-year old Home Depot …

Sep 2019

Moreau hires new assessor for six-year term

MOREAU — The town has a new assessor who has been working in assessing roles for eight years but has never before been a sole assessor. Leah Cronin was appointed to a six-year term, beginning Oct. 1, for a salary of $62,000. Until then, she is serving as acting assessor one day a week. Cronin …

Sep 2019

South Colonie tax rate lower than expected

COLONIE — The South Colonie School District Board of Education set the 2019-20 set tax rates for property owners which are lower than the projected 1.04 percent tax levy increase voters approved in May. Based on a number of factors, including a final assessment role and equalization rates, the actual tax rates can change slightly …

Sep 2019

Will mortgage rates keep dropping? Homeowners and buyers benefit from lower interest rates

One silver lining from trade tensions with China and fears about a slowing global economy – the same factors whipsawing the stock market – is that mortgage rates are heading lower. That is helping homeowners and buyers alike. People who bought in the last two to three years may pocket major savings by refinancing their mortgage, …

Sep 2019

U.S. Office Vacancy Lowest in 18 Years, Despite Lots of New Construction

The U.S office market continued to experience accelerated growth in the second quarter, with 17.1 million sq. ft. absorbed, bringing the year-to-date total to 66.5 million sq. ft. Vacancy dropped to 12.2 percent nationally—the lowest level in 18 years, according to a second quarter office report from real estate services firm CBRE. Markets with the …