NY Daily Record Since 1908

Median rental rates in Rochester jumped by 11.4 percent year-over-year in March, according to the monthly report from Realtor.com. The overall median rent in Rochester climbed to $1,333 (a combination of studio, one-bed room and two-bedroom rates). One-bedroom rates experienced ...

Rich Tyson remembers vividly the conversations that sparked his desire to buy rental property in the city of Rochester. He had been speaking with Tommy Davis, then the chaplain at the Monroe County Jail, about the legal system and what ...

Proposed legislation, a late-2020 law change and a possible bump in the corporate tax rate all should turn out to be beneficial for the affordable housing industry as objectives of the Biden administration play out. When the federal corporate tax rate ...

Finding the right house is hard enough in today’s real estate world, where inventory remains at historically low levels. Factor bidding wars into the equation and homebuying becomes even more arduous. But the current market also may create a different ...

The coronavirus pandemic has devastated the hospitality industry and exacerbated on some fronts the continuing decline of brick-and-mortar retail, but lenders still have their checkbooks open when it comes to commercial real estate investment. You may not want to propose ...

Further transformation of Rochester’s El Camino neighborhood kicked off on Thursday with the official groundbreaking of Pueblo Nuevo I. Pueblo Nuevo (“new town” in Spanish) is a $25 million redevelopment project spearheaded by Ibero-American Development Corp., the development arm of the ...

WASHINGTON (AP) — U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. The Commerce Department said Tuesday that ...

Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare — one that is coming true with increasing frequency, according to ...

Tagged with: home sales

— Inspired by his own experience living in a New York City apartment building that was converted into high-priced condos, a 71-year-old former state regulator is taking on developers citywide on behalf of seniors and disabled tenants. Walter Goldsmith claims ...

One of the keys to success in the apartment market is to understand the minds of renters. They are the lifeblood of an apartment complex, and as a result, communities must cater to their needs and desires to retain them ...

Tagged with: Darren Currin Lot Lines

It’s still possible in Boston for a mail carrier, an accountant and a Harvard-trained psychiatrist — basically, the crowd from “Cheers” — to live as neighbors. That finding by the real estate brokerage Redfin makes the capital of Massachusetts a ...

Apartment construction plunged sharply in October, as the pace of homebuilding slipped amid a broader cooling of the real estate market. Housing starts — both houses and apartments— fell last month 11 percent to a seasonally adjusted annual rate of ...