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Real Estate

HUD awards public housing improvement money

The U.S. Department of Housing and Urban Development announced it will issue over $321 million to public housing authorities across the state of New York for major repairs and improvements pursuant to its Capital Fund Program. The Rochester Housing Authority ...

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Homebuilder optimism rises for 5th straight month

WASHINGTON — U.S. homebuilders are gradually growing more optimistic about the depressed housing market and believe homes sales could pick up sharply when the spring buying season begins. The National Association of Home Builders/Wells Fargo said Wednesday that its builder ...

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Closing USA expands

Closing USA LLC, a national title and escrow company, has expanded its operations into office space at the Rochester Technology Park, the former Eastman Kodak Elmgrove Campus. Empire State Development has announced the move retains 66 jobs and creates 100 ...

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RE/MAX offices merge

RE/MAX Realty Group and RE/MAX First of Greater Rochester are merging their two leading real estate firms, creating the largest RE/MAX office in New York state. The new office, which will retain the RE/MAX Realty Group brand, is the result ...

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City breaks ground on Jefferson Avenue project

Mayor Thomas S. Richards joined federal, state and county leaders Saturday to kick off the construction phase of the Jefferson Avenue Revitalization Project at a ground-breaking ceremony attended by more than 100 neighborhood residents and community leaders. Joining the mayor ...

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AG streamlining real estate oversight

Public offering of units in cooperatives, condominiums, homeowners associations and timeshares will be streamlined under a new policy announced Monday by Attorney General Eric T. Schneiderman. The policy, which will require developers to give prospective purchasers the option of receiving ...

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Real estate activity mostly flat in 2011

Home buying activity in the Genesee Region in 2011 was similar to 2010, according to statistics released by the Greater Rochester Association of Realtors on Friday. Representatives of GRAR, the Rochester Home Builders Association and the Mortgage Bankers’ Association of ...

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Growing interest leaves homebuilders less gloomy

WASHINGTON — U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year. The National Association of Home Builders/Wells Fargo builder sentiment index ...

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Some city property values are up

Estimates from the 2012 reassessment indicate property values are going up throughout the city, according to Assessor Thomas G. Huonker. The new assessments will be used to calculate the property owners’ city/school tax bill of July 2012 and the following ...

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City survives challenge to inspection law

Rochester’s property warrant inspection law has survived a second challenge to its constitutionality. The Appellate Division, Fourth Department on Friday affirmed February 2010 decisions by Supreme Court Justice Thomas A. Stander that authorized the inspection of two city properties. “The ...

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