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Real Estate

Rochester among top 50 most affordable

Housing affordability has reached record highs, and Rochester is ranked well on the list of most affordable housing markets. Nationally, housing affordability is at its highest level since the the National Assoc-iation of Home Builders/Wells Fargo Housing Opportunity Index began ...

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Builders seeing needed lift

While new home starts hit a record low nationally in April, single-family construction rose 2.8 percent — the second straight month of gains, according to the U.S. Commerce Department. Regionally, the West saw the largest decline in housing starts — ...

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Firm updating new historic digs

Brown and Tarantino is trading in its Times Square headquarters for an historic mansion in the Neighborhood of the Arts. The company is expanding into offices at 19 Prince St. “We wanted to be in the city, close enough to ...

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First-time buyers driving market

At an open house last weekend, Realty USA broker Colleen Bracci met with seven possible buyers — five of whom were shopping for a home for their very first time. Locally, homes in the $100,000 to $150,000 price range aren’t ...

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Appraisers adapting to HVCC changes

Beginning May 1, Fannie Mae and Freddie Mac began purchasing mortgages only from lenders that comply with the Home Valuation Code of Conduct. Supporters say the code’s policies and procedures do much to ensure the lending and appraisal part of ...

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Realtors using more tools online

Open houses and home tours aren’t a thing of the past, but more and more of today’s real estate business is being conducted across megabytes and Web sites. How much more≠ According to the National Association of Realtors, 87 percent ...

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Old housing, new life

Three city affordable housing complexes have been brought out of the post-World War II era and into current times, thanks to extensive renovations. Work has been taking place at Fernwood Park and Ramona Park on opposite sides of Rochester for ...

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Home sales here see double-digit drop

Area home sales experienced a double-digit drop in the beginning of 2009, a decline area Realtors expected. The first quarter of 2009 saw 1,648 existing single family home sales, down 33.4 percent than sales in the fourth quarter of 2008, ...

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What’s old is new again

Stu Chait’s architectural firm is on the second floor of a building that once housed a saw blade manufacturer in the High Falls district. Brightly-colored furniture and accessories adorn the circa-1800s space, bridging history with 21st century style. The arched ...

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Riverfront project takes shape

After five years of planning, a downtown riverfront housing project is moving forward. Demolition of the River Park Commons housing complex≠on Mount Hope Avenue near Gregory Street began Wednesday. The work will make way for Erie Harbor, a $43 million ...

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It’s Home Show time again

With the economy causing many to be cautious about spending, organizers of the third annual Greater Rochester Home Show recognize that homeowners want to upgrade their homes without breaking the bank. That’s why this year’s show, beginning today at the ...

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