Time to kick up the thermostats! Speaking of which, how much would you guess the average Buffalonian will spend on heating bills this winter?
According to National Fuel, we’ll be forking over $714 to keep our homes toasty this season.
Plymouth, Massachussetts was quite a popular piece of real estate back in 1612. Ever wonder how many attendees gathered there to celebrate the First Thanksgiving?
It’s estimated that 53 pilgrims and 90 members of the Wampanoag tribe observed the 3-day feast together. Although we’re now limited to just one day of feasting and maybe some leftovers, may you enjoy your Thanksgiving–whoever you’re with!
Buffalo has a rich history. Old grain elevators and empty silos tell lively stories of the city’s industrious past; they serve as a promising reminder of its potential. Buffalo is not merely reminiscing. Productivity and prosperity are active in the area’s diverse communities: food and dining, the arts, the nightlife, parks and recreation, and waterfront development, to name a few. We are alive and well.
What draws one to Buffalo? Maybe the Queen City is undeniably a place to call home. Maybe word of its kind residents, vibrant art scene or the improvements along its waterfront peaks an interest. It is rumored that Buffalo is losing its natives—but as often as some leave, I continue to see proof of more returning.
This City of Good Neighbors is a welcoming committee just waiting to happen. Even the houses of Buffalo are standing with open doors. Large properties at delightfully low rates make for an optimistic housing market. From the top of City Hall, you can see Buffalo has so much to offer, so much to be a part of, and so much to love.
The article below appeared over the summer and does a better job than most in painting a picture of the Buffalo those of us that live here know. If you haven’t seen it, it’s worth a read now:
To view the article that inspired ours, click here.
$196,000 — that was the average price of a preexisting home this year. Can you guess what next year’s projected price is?
The projected price for 2014 is $207,000. That’s a full $30,000 higher than in 2012!
In the wake of recent flooding disasters, a nation already reeling from its losses suddenly faces extreme spikes in insurance premiums.
In response to events like Hurricane Sandy, a law called the Biggert-Waters Flood Insurance Reform Act of 2012 (BW-12) implemented new legislation in effort to decrease the $25 billion deficit of the National Flood Insurance Program. Most notably this began by phasing out subsidized rates for older properties in flood zones.
Before BW-12, program shutdowns were costing up to 40,000 home sales each month in high-risk areas nationwide. While the National Association of Realtors is grateful that this is no longer the case, NAR president Gary Thomas noted that there are still major issues with the legislation: “Unfortunately, implementation of the new rate structures in BW-12 has caused serious confusion and hardship for some property owners. FEMA’s continued delays and missed deadlines, in combination with the legally required transition to true-risk rates, has been a recipe for disaster.”
These drastic increases in insurance rates threaten the financial stability and future re-sale of the affected citizens’ homes. To combat these changes, the bipartisan “Homeowner Flood Insurance Affordability Act” was recently introduced in the Senate. Thomas explains, “The bill takes the crucial first step toward delaying further implementation of some rate increases in the Biggert-Waters Flood Insurance Reform Act of 2012. This will allow the Federal Emergency Management Agency (FEMA) to complete an affordability study that was mandated by BW-12, propose targeted regulations to address any affordability issues found in the study, and give Congress adequate time to review those regulations.”
For more information on flood insurance rates affecting property value, click here.
For more information on the Homeowner Flood Insurance Affordability Act, click here.
According to the National Association of Realtors, which sex leads the lists in buying a home?
According to a recent survey, 20% of recent home buyers were single women vs 10% of single men AND 17% of repeat homebuyers were women compared to 9% men.