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Tag Archives: markets

Buffalo-Niagara 4th on List of Lowest Underwater Markets

Posted on November 17, 2011 by Forbes Capretto

Across the country, 11 million households are “underwater”, where the mortgage is more than the value of the home.  In some places, over 50% homes are underwater, e.g., Phoenix-Mesa-Glendale, Arizona (53.96%) and Las Vegas-Paradise, Nevada (63.96%). However, there are regions where … Continue reading →

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Home Builder Confidence Up in October

Posted on October 19, 2011 by Forbes Capretto

Full release published on the NAHB website at http://www.nahb.org/news_details.aspx?newsID=13717 According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder confidence for newly built, single-family homes rose four points in October. This is the largest single monthly gain … Continue reading →

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Buffalo-Niagara home values outpace region

Posted on May 23, 2011 by Forbes Capretto

According to the National Association of Realtors, the median price of existing single-family homes in the Northeast fell 5 percent year-over-year during Q1 2011.   Going against the trend, home prices in the Buffalo-Niagara Falls region increased by 10.8% (up from $106,600 … Continue reading →

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Area housing outperforms the national market

Posted on April 11, 2011 by Forbes Capretto

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 →

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Real Estate Markets to Watch – Buffalo Takes 2nd Place

Posted on March 31, 2011 by Forbes Capretto

Inman News recently released a special report on the 10 Real Estate Markets to Watch in 2011. Buffalo-Niagara, NY takes second place on the list, behind Washington-Arlington-Alexandria.  According to Realtor.com, Buffalo has one of the fastest rising median list prices and was … Continue reading →

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