CNN - 10 Fastest Growing Real Estate Markets

By
Services for Real Estate Pros with Retired Associate RE Broker

 

For all those doomsayers about Buffalo, it seems that CNN Money says otherwise.  CNN compiled their 10 Fastest Growing Real Estate Markets.    The state of New York seems to be be the big winner with Four of it's cities making the list -- Buffalo, Niagara Falls, Rochester and Syracuse.  

Interesting conversation is over at Buffalo Rising's post today about how Buffalonians see it... 

Buffalo/Niagara Falls New York

  • 12-month forecast: 2.4%
  • Median home price: $105,000
  • One year price change: 1.6%
  • Five year price change: 24.5%
  • Change in foreclosure rate: 14%

Rochester, New York

  • 12-month forecast: 2.7%
  • Median home price: $121,000
  • One year price change: 3.4%
  • Five year price change: 20.1%
  • Change in foreclosure rate: 5%

Syracuse, New York

  • 12-month forecast: 2.6%
  • Median home price: $126,000
  • One year price change: 0.8%
  • Five year price change: 29.5%
  • Change in foreclosure rate: 27%

Other Communities that made the list:

  • Scranton, PA
  • Grand Rapids, MI
  • Baton Rouge, LA
  • New Orleans, LA
  • Birmingham, Alabama
  • McAllen Texas
  • El Paso, Texas

 

 

 

 

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Colleen Kulikowski is your Western New York Real Estate Expert focusing on Buffalo and Niagara Falls neighborhoods of Western New York.  If you are on Twitter, please follow me... If you enjoyed this post by your Buffalo & Niagara Falls Home Sales Expert, make sure you subscribe to our RSS feed!

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Ambassador
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert
Colleen I which that we could see those kind of price around here again.  Hope this is being a great Spring Market for you.
May 07, 2008 03:11 PM #2
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Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re
I love good news and Grand Rapids made the list thanks for sharing.
May 07, 2008 03:33 PM #3
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
It certainly is beautiful and affordable upstate, I'm not at all surprised CNN says it's a good place to buy and live.
May 07, 2008 11:02 PM #4
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Barbara Carter
C21 Alliance Realty Group - New Paltz, NY
Serving Your Real Estate Needs in the Hudson Valle
This is great news for Western NY- Glad to hear it. It is a beautiful area of the state.
May 08, 2008 03:40 AM #5
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Colleen Irwin
Retired - Irondequoit, NY
Creative Real Estate Solutions...
Barbara, Carole, Terry and George -- Thanks!   It is really postive news for Western New York.... 
May 08, 2008 01:40 PM #6
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Colleen - wow - for a minute there I did not recognize you! Love the new photo!!!

May 14, 2008 04:37 AM #7
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Colleen Irwin

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