Buffalo Real Estate News
Monday Mar 23 | via National Mortgage News
Sales of previously owned homes fell short of a 5 million annual rate in February for a second month, showing an industry struggling to gain traction amid rising prices and a lack of inventory. Closings, which usually take place a month or two after a contract is signed, rose 1.2% to a 4.88 million annual rate, the National Association of Realtors reported Monday in Washington. Comment?
Tuesday Mar 17 | via Albany Times Union
The Empire Center is out with a benchmarking or ranking of property tax rates and they have found that based on each $1,000 worth of home value, Binghamton residents have the highest tax burden statewide. Part of that is due to the struggling city's low home prices, and what is likely a high overhead and school cost that plagues lots of upstate communities. Comment?
Friday Mar 6 | via Business Journal
Sales of single-family homes in the Buffalo area were flat in January and median prices declined nearly 3 percent over the past year while inventory also was down. Those figures come from the Buffalo Niagara Association of Realtors which released its snapshot of the area's housing market Friday. Comment?
Wednesday Mar 4 | via NEWS.com.au
THINK the great Australian dream is out of your reach? You might be right. For some pocket change, you can land yourself one of these - but there's a catch. Comment?
Feb 12, 2015 | via Business Journal
A mandatory pretrial conference between M&T Bank and the New York City housing group accusing the Buffalo bank of racial discrimination is scheduled to take place in early April. According to an order filed with the U.S. District Court Southern District of New York, attorneys for M&T and Fair Housing Justice Center Inc. will meet April 7. The housing group filed a lawsuit in Manhattan federal court, claiming that loan officers in M&T Bank's Park Avenue mortgage office deliberately limited information about a first-time homebuyer program. Comment?
Yesterday | via The Washington Post
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Here's one sign that your rent is too high and you can't afford to buy a home: You live in a city that isn't building enough new houses and apartments to keep up with the pace of a growing population. Comment?
Yesterday | via Business Wire
The brokerage, which serves greater Albany with 10 offices and more than 300 agents, was a Top 50 company in the Prudential Real Estate network. Founded in 1922, Blake, REALTORSA is one of the region's oldest and most-respected real estate companies. Comment?
Yesterday | via Yahoo!
Police have searched the homes of co-pilot Andreas Lubitz in two German cities in search of an explanation for why he may have crashed a passenger plane into the French Alps, killing all 150 people on board. German tabloid Bild reported Friday that Lubitz had a "serious depressive episode" six years ago and that a medical problem was noted in aviation records. Comment?
Wednesday Mar 25 | via The Real Deal
From the March issue: The impact of free travel to Cuba for New Yorkers, Eddie Sitt sues his brothers and more in this month's roundup of real estate happenings. Comment?
Wednesday Mar 25 | via The Real Deal
Luigi Rosabianca, a prominent real estate attorney who specializes in representing ultra-high-net-worth foreign buyers, has been suspended from practicing law after a Manhattan court found there was evidence to suggest he mishandled client funds and that he refused to cooperate with an investigation. The decision to suspend Rosabianca, reached by the Appellate Division First Department on March 12, came after four separate clients complained to the Departmental Disciplinary Committee, which handles attorney misconduct, and Rosabianca failed to respond to any of the allegations. Comment?
1 hr ago | via Cape Gazette
Coldwell Banker Resort Realty announced the firm's top producers for the month of February. For the Rehoboth branch, the top listing agent was John Bohne. Comment?
1 hr ago | via The Columbus Dispatch
After raising alarms earlier this year for promoting her new real-estate business on Twitter, state Rep. Anne Gonzales is prompting ethical concerns by sending email solicitations directly to Statehouse lobbyists. A number of lobbyists received an email from the Westerville Republican this week that included her picture and the solicitation: "If this time of year finds you beginning to consider a new residence, allow me to assist. Comment?
1 hr ago | via New Vision
The Prime Minister Dr. Ruhakana Rugunda talks to Edwin Musiime the CEO & chairman Property Expo little girl Myla Musiime, Christabell Nansubuga the Expo brands manager, Andrew Mukiibi the president of Association of Real Estate Agents, Anthony Githuka the managing director of UAP Life Assurance Uganda Limited and Zipporah Mungai the managing director of UAP InsuranceUganda Limited during the openning of the second property expo at UAP Nakawa Business Park in Kampala on March 19, 20 By Francis Emorut The Prime Minister, Dr. Ruhakana Rugunda, has warned real estate dealers against setting up poorly planned homes. "The homes need to be those that are planned and organised. Comment?
4 hrs ago | via Staffordshire Newsletter
MOST parents have a few key items on their wish-list when it comes to buying a new property - and usually right at the top are good schools, a family-friendly location and a comfortable home that's large enough for their changing needs. But for first-time buyers Jane and Lee Baughen, the difficulties of saving a big deposit with two young children to think about left them worrying they'd have to compromise on at least one of their priorities. Comment?
4 hrs ago | via SouthCoastToday.com
Q: I have a buyer who is having trouble securing a loan because my condo association has 27 percent of the units delinquent in their monthly association dues of $200. There are a total of six buildings each with six units for a total of 36 units. Comment?
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