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In the News

Sep 2020

Buying a $300,000 house sight unseen? It’s no longer unthinkable

Kathleen and Jimmy Flynn did something in June many would have thought unthinkable before the pandemic. The California couple placed a bid and signed a contract on a two-bedroom, East Aurora house without ever setting foot inside. Instead, they relied on their agent, Matt Lepovich of Century 21 Gold Standard, to take them on a …

Sep 2020

Northwest Bank to close 20% of branches, including three locally

Northwest Bank plans to close about 20% of its branches in December – including three in the Buffalo area – amid a greater customer shift toward using technology. The Warren, Pa.-based bank will close a total of 42 of its 205 full-service branches. The bank will also close one free-standing branch drive-through and one business office. The local branches …

Sep 2020

Freedom to Telecommute Could Add Almost 2 Million Potential Buyers to the Market

Almost 2 million U.S. renters that currently can’t comfortably afford to buy an entry-level home in their current metro area could potentially afford the nation’s typical starter home if they took advantage of increased telework options and moved to a less-expensive locale. Zillow analyzed renter households for whom monthly payments on a starter home in …

Sep 2020

Victoria’s Secret, Bath & Body Works owner says it doesn’t owe rent for months Walden Galleria was closed

CHEEKTOWAGA, N.Y. — The owner of the Victoria’s Secret, Pink and Bath & Body Works stores in Walden Galleria says it doesn’t owe rent for the months the mall was closed during the Covid-19 pandemic. L Brands Inc. was responding to a trio of lawsuits alleging the company missed rent payments for the stores totaling …

Sep 2020

Town of Ulster settles three large assessment cases

TOWN OF ULSTER, N.Y. – Town Board members have settled three tax sessment cases with lower values on the properties without having to refund previous payments. The lawsuits were discussed during a meeting Thursday, with Supervisor James Quigley noting that two of the cases involved large commercial properties for Walmart and its adjacent business as …

Sep 2020

Existing-Home Sales Hit Highest Level Since December 2006

WASHINGTON (September 22, 2020) – Existing-home sales continued to climb in August, marking three consecutive months of positive sales gains, according to the National Association of Realtors®. Each of the four major regions experienced both month-over-month and year-over-year growth, with the Northeast seeing the greatest improvement from the prior month. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed …

Sep 2020

New York residents pay 13.8% of their income in state, local taxation – most in nation

(The Center Square) – Taxpayers in New York turn over 13.8 percent of their income per capita to state and local governments, the highest percentage among the 50 states, according to an analysis by the website 24/7 Wall St. State residents pay $2,877 per capita annually in income tax collections, $2,902 in property taxes and $1,551 in general …

Sep 2020

New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’

Over three days in late July, a three-bedroom house in East Orange, N.J., was listed for sale for $285,000, had 97 showings, received 24 offers and went under contract for 21 percent over that price. On Long Island, six people made offers on a $499,000 house in Valley Stream without seeing it in person after …

Sep 2020

Governmental Pecking Order Comes In Focus

Most Americans are generally familiar that there is a “pecking order” when it comes to government. The federal government sits at the top, then come the states followed by the counties, and then all of the various forms of local government from towns to cities to villages and then school districts. In New York state, townships and …

Sep 2020

Big Deal: Meadow Road Sale Breaks Record

A single-family residence at the corner of Meadow and Middlesex roads has sold for $2.709 million, a city record.  Amy and David Wilson bought the home from Lisann Jane Jacobs.  The 7,900 sq.ft. home was constructed in 2007.  The deal closed on August 27. The Buffalo News has the details: The buyers are David J. Wilson, …

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