Forbes recently released an article revealing the 25 strongest real estate markets in the nation. Among the top on their list? Buffalo and Rochester! Because Buffalo and Rochester didn’t experience the housing boom that many other areas in the country faced, today their markets are still strong.
These areas are especially appealing to investors, because of the low base cost of housing, strong rental market, and appreciation on property values.
From the article [here]:
…housing markets in upstate New York never had the ups and downs of some hot markets in the rest of the country. In Rochester, the birthplace of industrial ancients Xerox (nyse: XRX – news – people ) and Eastman Kodak (nyse: EK – news – people ), real estate values have climbed at a steady 3% rate for the last five years. They don’t have far to fall–about 2.4% according to Moody’s forecasts. In Buffalo, Syracuse and Albany, prices should also remain steady this year.
If you are interested in investing in the Buffalo or Rochester area, feel free to [contact me] at any time.
