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real estate market: Why They Are Saying to Buy A Home Now: A Re-Blog from Steve Harney - 06/21/11 11:09 AM
I love sharing insights from blogger Steve Harney, because he really has his finger on the pulse of the national real estate market. In this post, he shares links to articles from four media organizations, all of whom advocate purchasing a home in the current market.
The best news? Contrary to what he states, prices are not falling in our area, they're remaining stable. That means it's a fantastic time to buy in the Rochester area!
Why They Are Saying to Buy A Home Now
by The KCM Crew on June 14, 2011
Despite what appears to be a non-stop wave … (2 comments)
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real estate market: Almost 14,000 Houses Sold Yesterday -- A Re-Blog from Steve Harney - 05/04/11 10:56 AM
I've been lax about blogging lately, but today I came across an article I couldn't resist sharing. It was written by Steve Harney, whose insights I've shared before. I often hear negative perceptions from consumers about the market, and in many cases they're just not true. Yes, sales are down from this time last year, but back then they were artificially inflated by the home buyer tax credits. As Steve says here, there's no doubt about it, homes are selling!
Almost 14,000 Houses Sold Yesterday
by The KCM Crew on May 3, 2011
One of the biggest misconceptions in … (6 comments)
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real estate market: Is Buying a Home in 2011 a Good Idea? Advice from a Leading Real Estate Blogger. - 01/06/11 11:20 AM
2011 is here! If you're considering buying a home in the Rochester area this year but aren't certain it's the right move for you, here is some fantastic advice from Steve Harney, a leading real estate blogger.
In this area, our prices are remaining relatively stable, so we're even better off than most of the country! Still, this article offers some great suggestions about concentrating on the cost of your new home vs. the price.
Happy New Year!
3 Questions You Must Answer Before Buying a Home
by The KCM Crew on January 4, 2011
If you are thinking about purchasing a … (3 comments)
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real estate market: Canandaigua: Rochester-area Buyers' CHOSEN SPOT? - 12/06/10 03:33 PM
I love sharing good news about the real estate market in the Rochester area!Today, the good news focuses on the community of Canandaigua.
If you don't know anything about Canandaigua, it's a wonderful community. It's a small city on the Northern end of Canandaigua Lake, one of New York State's Finger Lakes, with a population of approximately 11,000 people. It has a picturesque main street with a variety of shops, lovely Victorian homes, and a fantastic waterfront park with a gazebo.
The name Canandaigua is derived from the Iroquois word "Kanandarque", which means "the chosen spot". This area was … (0 comments)
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real estate market: The Housing Market is Stalling? You Could Have Fooled Me! - 07/22/10 04:07 PM
On the front page of Yahoo, there is currently an article entitled, "Why the housing market is stalling again". It's just another reminder to me that you shouldn't always believe what you read in the national headlines. Real estate is local, and in my experience, this is not the case in Rochester!
Our market did stall after the tax credits expired. That much is true. However, activity has started to swell tremendously in this area in the past few weeks. Ever since the 4th of July holiday, buyers and sellers have been coming out of the woodwork. It has been a long-anticipated boost to our … (5 comments)
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real estate market: Rochester Real Estate and the Game of Samurai Solitaire - 02/13/10 10:24 AM
When I was younger, my family used to play a card game called "Samurai Solitaire". I think someone in the family may have invented it, but I'm not sure. It was similar to the typical game of Solitaire, except that every time a player got an ace and started a new pile, those piles were shared among the players. As a result, all the players were racing to be the one to get their 2 onto the available ace, their 6 onto the 5, and so on. The game inevitable led to lots of hand slapping and plenty of laughter.
I … (0 comments)
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real estate market: Being the Real Estate Expert... It Still Matters!! - 10/30/09 02:03 PM
I consider myself a life-longer learner. I love taking classes at my local real estate association, and I'm even a member of the Professional Development Committee. I subscribe to a variety of online publications and read them each and every day. I've always believed it's tremendously important to be on top of what's going on with the real estate market, both in the Rochester area and nationally.
The other day, I was reminded just how important it is to be up on the latest real estate news. I was in the bank doing one of my favorite things, cashing a commission check. The … (4 comments)
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real estate market: How is the Rochester Real Estate Market Doing? Let's Take a Look! - 10/23/09 10:06 AM
If you watch the national news, you're probably bombarded with information about the real estate market. One anchor says the market is still lagging, while another says we're on the rebound. One says the tax credit has been a huge success, while another says it's just a drain on our national resources. Who do you believe??
Personally, I don't put much stock in the national headlines. If you remember one thing after reading this blog entry, remember this: real estate is local! The market in Rochester is different from the markets in Syracuse and Buffalo, and it's certainlydifferent from the market … (0 comments)
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real estate market: Sharing the Good News About the Rochester Real Estate Market! - 03/25/09 07:33 PM
I was just thinking today about how long it has been since I've posted a blog entry! In additional to having a slight case of writer's block, I've also been busy lately, which is a fantastic thing!! Still, I apologize for my absence.
As my first blog post in weeks, I thought it would be a great time to share some positive news about the Rochester real estate market. Luckily, there has been plenty of good news lately. It's shaping up to be a fantastic Spring market!
The first article I want to share, Home sales ascending nationally and in … (0 comments)
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real estate market: Oops! We Did it Again! - 02/25/09 06:07 PM
No, this post isn't really about Britney Spears. It's about Rochester, NY.
Forbes has once again recognized Rochester as one of the best places to own a home! This time, Rochester hit #4 on Forbes' list of most affordable housing markets in the U.S.!
In our area, 80.6% of homes sold are available to median-earning families. So if you make around $63,000 a year, you can afford over 80% of what Rochester has to offer!
Compare that to New York City, where median earners can only afford 14% of homes, and you can see why Rochesterians are better able to attain their dreams of homeownership.
… (3 comments)
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real estate market: A Buyer's Market... How Does it Affect Renters? - 01/25/09 11:59 AM
If you watch the news, you know most of the country is in the midst of a buyer's market. Inventories are high, homes are staying on the market longer, and sellers are becoming more and more willing to negotiate in order to get their homes sold and move on. Things have been no different in Rochester, although we have experienced it to a lesser degree.
What you may not know is how this affects the rental market. The Wall Street Journal recently published an article describing how an increasing number of renters are seeking price reductions when looking into new rentals. Rather than … (0 comments)
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real estate market: Forbes Gives Kudos to Rochester's Housing Market! - 01/20/09 08:31 PM
Recently, Forbes magazine published an article entitled, "America's 25 Strongest Housing Markets". Knowing the steadiness of our local market, I was not surprised to find that Rochester was included. I was pleasantly surprised, however, to see that the upstate New York cities of Buffalo, Syracuse, and Albany were, too! That's 4 out of 25 spots taken by upstate New York!
So, what sets us apart from so many of the nation's cities?
The article focused on the fact that Rochester avoided the "boom and bust" experienced by much of the nation, as did the other 24 cities. Our prices never soared, so we never … (0 comments)
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real estate market: Clap Your Hands for Rochester! - 10/18/08 09:21 PM
I've been saying over and over that the Rochester real estate market is incredibly stable. As a matter of fact, you're probably tired of hearing me say it! But guess what... it's not just me! The Democrat and Chronicle agrees!
An article published today by the Democrat and Chronicle highlights the fact that the number of homes sold is down slightly since this time last year, but the median sale price is virtually unchanged.
John Antetomaso, president of the Greater Rochester Association of Realtors, is quoted as saying, "We're continuing to fare well compared to the rest of the country."
You can read the entire article here.
… (0 comments)
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real estate market: Good News About the Real Estate Market?? - 10/15/08 03:00 PM
It appears there's good news about the national housing market for once! The following is an excerpt from an article by the National Association of Realtors.
Pending home sales activity surged as buyers took advantage of low home prices and affordable interest rates, according to the latest report. The Pending Home Sales Index jumped 7.4 percent to 93.4 from an upwardly revised reading of 87.0 in July, and is 8.8 percent higher than August 2007 when it stood at 85.8. The index is at the highest level since June 2007 when it stood at 101.4. Lawrence Yun, NAR chief economist, said home … (0 comments)
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real estate market: The Real Estate Roller Coaster... Experience it Yourself! - 09/25/08 02:39 PM
Here's a unique video to pass the time on your Thursday afternoon.
Did you catch the years flying by in the lower right? The market certainly has taken some plunges over the years, and it always comes ticking back up.
Next time you think about how bad things are, both with the real estate market and the economy in general, remember this video. No matter how uniquely negative our national situation seems, we've been here at the bottom before, and we'll eventually be on top again.
Just hang on tight and ride it out...
… (4 comments)
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Kristen Wahl, CBR
Rochester,
NY
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RealtyUSA
Address: 57 Monroe Avenue, Pittsford, NY, 14534
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