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Tag Archives: affordability
Watch for Hidden Costs: Comparing New Homes to Foreclosures
The economic downturn has hurt many American families during the past few years, and sadly that means there are a larger number of foreclosed homes on the market than during a healthy economy. The lower price of these homes can … Continue reading
Housing Market Looking Forward to a Promising 2013
According to a recent report by Kiplinger, good news is coming for the housing market! This doesn’t mean we should expect to see a sudden upswing in prices, rather that during 2012 prices should reach bottom and then start to stabilize, setting … Continue reading
Posted in Housing Market, Uncategorized
Tagged affordability, buffalo, home buyer, housing, mortgage rates
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Monthly mortgage payment down about 40% since 2006
Housing is more affordable today than it was in 2006 with the median monthly mortgage payment now $700, compared with nearly $1,140 five years ago*. The decline in home prices plus low interest rates have combined to create a ratio … Continue reading
Is it time to buy?
If you are thinking about buying a new home, listening to and reading the abundance of stories about the housing market can be overwhelming. We came across this great article by David Indiviglio (“Is Now the Right Time to Buy … Continue reading
Posted in Housing Market
Tagged affordability, financing, housing market, interest rates, mortgage rates, new home, time to buy
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Area housing outperforms the national market
David Capretto is the 2011 President of the Buffalo Niagara Builders Association. This article was published in The Buffalo News Home Finder (April 9, 2011) When it comes to the death of the housing market, rumors are exaggerated – at … Continue reading
Posted in Housing Market, Regional News
Tagged affordability, david capretto, home builder, home sales, housing, markets
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