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In the News

Aug 2020

Town of Lancaster revaluation project completed

The Town of Lancaster 2020 Revaluation Project has been completed. The two-year long project’s objective was to bring all properties to 100% of the current real estate market value as of July 1, 2019. New York state has certified the Town of Lancaster at 100%. All inventory was reviewed and updated, if necessary. Thank you …

Aug 2020

Two Reasons We Won’t See a Rush of Foreclosures This Fall

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a …

Aug 2020

Evans Bank’s merger with Fairport Savings ‘ahead of schedule’ despite pandemic

Evans Bancorp’s merger with Fairport Savings Bank’s parent company in the Rochester area is off to a good start, albeit in uncommon times, said David J. Nasca, Evans’ president and CEO. “The integration is going as well as it can go, under these unusual circumstances, in terms of acquiring new accounts,” Nasca said. “We think …

Aug 2020

Despite pandemic, it’s a feeding frenzy in Buffalo Niagara housing market

Forty-two offers. That’s how many different would-be homebuyers bid on Scott Sciumeca’s father’s Cape Cod-style house in the Town of Tonawanda – which he built in 1954, and where Scott and his sister grew up. With the number of homes for sale at its lowest in more than 22 years, homebuyers are scrambling to find houses they …

Jul 2020

Washington County towns undertaking assessment project

FORT EDWARD — Fort Edward is joining with five other Washington County towns in a project to review assessments and bring them up to 100% market value. GAR Associates, with headquarters in Buffalo, has been hired to “create fair and equitable property assessments” for the 2022 assessment roll, according to a press release sent out …

Jul 2020

NY Appellate Court Enforces 60-Day Deadline for Local Governments to Require PILOT Agreements from Solar Developers

The Appellate Division of the New York courts has affirmed that a local governmental taxing authority must notify a solar project developer within 60 days from when the developer first notifies the authority of its plans to construct a solar facility that the authority intends to require the developer to enter into a Payment in …

Jul 2020

What will the rest of the year spell for the housing market?

Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors’ (NAR) pending home sales index, a future-looking indicator of completed sales based on signed contracts, posted a staggering comeback in May, the latest month …

Jul 2020

Clarkstown review board deals blow to Palisades Center on tax grievance

The Palisades Center, already saddled with economic hardships and stymied by an inability to reopen under the state’s pandemic-related guidelines, has been dealt another blow. The mega-mall’s owner lost a grievance seeking to cut its tax bills in half, according to documents obtained by The Journal News/lohud through a Freedom of Information request. The July 1 determination by the five-person Clarkstown …

Jul 2020

The Coming Housing Crisis Is Already Here

Millions of renters and homeowners could face evictions and foreclosure as many have trouble paying their bills in the recession. With temporary job losses turning permanent and the unemployment rate still at double digit rates, many families do not earn enough to make ends meet. They often rely on government assistance, but that government help in all forms …

Jul 2020

Analysis: What pandemic? The local housing market is hotter than ever

The coronavirus pandemic hasn’t made the Buffalo Niagara housing market sick. As illogical as it sounds at a time when unemployment is in the double-digits and higher than it has been since the early 1980s, the local housing market is hot and it keeps getting hotter. “Don’t write off the Buffalo housing market,” said Susan …

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