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In the News

Dec 2019

There’s no winter cool-down for Buffalo Niagara housing market

Not even the traditional winter slowdown is taking the steam out of the local housing market. Prices keep rising at a moderate pace. Fewer homes are for sale. And homes continue to sell quickly, according to new data from the Buffalo Niagara Association of Realtors. • The median sale price in November rose to $160,000, …

Dec 2019

Trade deal could boost Buffalo Niagara auto plants, dairy farms

WASHINGTON – President Trump spells his new trade deal with Canada and Mexico “USMCA” – but for Western New York’s auto workers, farmers and business people, it spells relief. For those people and countless others nationwide, the U.S.-Mexico-Canada Agreement that Trump and his rival Democrats agreed upon this week will end three years of anxious …

Dec 2019

Falls City Council splits on property tax increase

The Falls City Council made one last change to Mayor Paul Dyster’s proposed 2020 budget Wednesday night and the city’s spending plan for the new year is now complete. The council, by a vote of 4-1, with Council Member William Kennedy in opposition, modified a 2 percent property tax increase that was contained in a …

Dec 2019

2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More

The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to six mortgage, real estate, and housing professionals. Here’s what they say is in store for the year …

Dec 2019

What to Watch for When the City’s Property Tax Commission Finally Issues Its Report

“To be the fairest big city, you need a fair tax system. For too long, New York City taxpayers have had to grapple with a property tax system that is too opaque, too complex, and just feels unfair,” Mayor Bill de Blasio said in May 2018 after announcing the creation of a commission to examine …

Dec 2019

City says home assessments are up all over, market is hot

ROCHESTER, N.Y. (WROC) — The city’s assessing properties to gauge increases in values to estimate the 2020 city and school taxes and 2021 county taxes. “Rochester is home to one of the hottest real estate markets in the nation,” says Justin Roj with the City of Rochester. “Home assessments are up in every single neighborhood …

Dec 2019

Lockport sets long-range reassessment plan

The City of Lockport will spend $400,000 over the next three years to reassess all 8,200 properties in the city. The Common Council approved a contract with GAR Associates, a Williamsville appraisal firm, to help City Assessor Tracy A. Farrell determine new property values. Farrell said Thursday the plan is for the new assessments to …

Dec 2019

Closing stings former Lakeshore leader

IRVING — During Bob Sutehall’s leadership of Lakeshore Hospital, business was booming. Sutehall served on the Irving health-care facility’s board of directors from 1983 to 1994. During those years, he indicated, the facility was often packed to the max. “Some years, we had a 108 percent occupancy rate at the hospital, which meant there were …

Dec 2019

Buffalo reassessed: Uneven growth belies citywide renaissance

Iris Cintron bought her vinyl-sided double on Buffalo’s East Side for $42,500 two decades ago. Since then, the 57-year-old administrative assistant has poured thousands of dollars into upgrades to juice the value of the 92-year-old home. There were new doors for the detached three-car garage. A fresh roof, when its shingles began to curl. Cintron …

Dec 2019

The Taxman Cometh for Some Condos

NEW YORK — For thousands of luxury condo owners in New York who have received deep tax breaks for a decade or more, the taxman is coming. The end of those benefits, through an expired program known as 421-a, could not have come at a worse time for many sellers, who are faced with mounting …

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