Interesting read in today's Buffalo News Mortgage crisis guts Cleveland neighborhoods as it bypasses Buffalo
- 10,000 Abandonded homes in Cleveland as a result of the mortgage crisis
- The Real Estate Market collapsed in places like Cleveland and Detroit, while Buffalo is experiencing miniumal damage
- 3% of Metro Cleveland's homes have fallen into foreclosure last year -- Buffalo less than 1/2 percent
- Buffalo's slow growth and tough attitude against speculators that don't take care of the property has protected it from the looming Mortgage crisis.
- Buffalo learned from the 1990's and took a tough stance on predatory lending, so history did not repeat itself here.
- Buffalo housing prices increased 4% last year, while most of the country saw that the market was flat or declinging.
Attention Investors! Western New York has many wonderful opportunities to have a positive cash flow. To find out more about the opportunities in Western New York, call our Real Estate Department at (716) 990-7384 or visit our website at:
www.BuffaloNiagaraRealEstateHomeSales.com
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