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In the News

Oct 2019

4 reasons why it continues to be so hard to find a house to buy

Home buyers still are feeling squeezed by today’s tight housing markets. Prices keep rising moderately. Fewer homes are for sale. And sellers are commanding close to their final asking price. That’s the state of the local housing market as we approach Halloween, according to new data from the Buffalo Niagara Association of Realtors. The median …

Oct 2019

Buffalo News Editorial: Mandate tax fairness

Patricia A. Skowron wasn’t the only one confused. Anyone dealing with tax bills and equalization rates would be. There’s a solution and it runs through Albany. Skowron’s bill from the Iroquois Central School District was a horse pill: Her taxes had risen by $660, even as those at a nearby house of similar value went …

Oct 2019

Home Remodeling Projects That Pay Back The Most In Happiness

When homeowners embark on a home improvement project, it’s with the goal of having a happy ending. A new report by the National Association of Realtors takes a deep dive into the reasons for remodeling, the success of taking on projects and the increased happiness found in the home once a project is completed. Americans …

Oct 2019

Buffalo News Editorial: Guaranteeing unfairness in Cheektowaga

Cheektowaga residents probably realize that they don’t get off scot-free when town officials cancel a reassessment. That’s what town leaders did, claiming they were worried about the impact on low-income and senior citizen residents. But to property owners who understand that long periods between reassessments creates imbalance and inequity, the decision is likely to smack …

Oct 2019

Did you get your tax rebate check yet? Here’s how many still haven’t hit mailboxes

ALBANY – If you didn’t get your property tax rebate check yet, don’t worry. The state is still sending hundreds of thousands more. Since August, more than 1.4 million tax relief checks have been mailed to New York homeowners whose income was less than $275,000, according to the state tax department. Separately, 390,000 checks have gone to …

Oct 2019

Survey Results Are In: Seniors Housing Sector Optimism Pervades, Again

Are seniors housing executives bracing for a bubble, or do they see continued opportunity? The answer may be both, but the majority of owners and operators are not entering slowdown mode quite yet. KEY LEARNINGS: Seniors housing and healthcare executives are cautiously optimistic about the year ahead. An overwhelming majority of owners expect increased deal …

Oct 2019

Borrowers jump on board the refinance bandwagon as rates drop

When mortgage rates plummet to historically low levels, you have to expect a reaction from the borrowing public. And, as usual, they did not disappoint. Borrowers got themselves to their loan reps and began taking advantage of the market. According to the Mortgage Bankers Association (MBA), the volume of mortgage applications rebounded sharply last week as homeowners …

Oct 2019

Staten Island and Queens have the highest retail vacancy rates in NYC

New Yorkers know the empty storefront phenomenon all too well, as myriad factors—the rise of online shopping, higher rents, and the like—lead to disappearing mom-and-pop shops and neighborhood stores across the five boroughs. Two months after the City Council passed a new bill to create a database to track retail vacancies, a new study by …

Oct 2019

New York City apartment prices hit four year low

Manhattan apartment sales tumbled during the third quarter and prices fell to their lowest level in four years, a Wall Street Journal analysis showed. Much, but not all, of the decline was triggered by a higher state transfer tax on luxury Manhattan real estate that took effect in July, brokers and market analysts said. To …

Oct 2019

Buffalo Mayor endorses Council proposal offering property tax relief to some seniors

Mayor Byron W. Brown has endorsed a plan to provide tax relief to some lower-income senior citizens who may be impacted by the city’s reassessment. “I want to thank Council President Darius Pridgen, who worked with my administration on this, for introducing the local enabling legislation and I urge the Common Council to pass it …