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Real Estate

Inspection rule debated

Some Rochester property owners are calling a new city law unconstitutional and fear it could turn people away from renting or buying in the city. “It certainly would deter me,” David Ahl, a city resident and landlord, said. “Why would ...

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Rochester home builders feel more fortunate

Local home builders, just returned from a recent international convention in Las Vegas, have brought back to Rochester some tips on design and news on the industry itself. Fifty-nine members of the Rochester Home Builders Association last week attended the ...

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New initiatives for area Realtor groups

Two area professional real estate groups hope to bolster their ranks and strengthen the industry in the Rochester region this year. Both the Greater Rochester Association of Realtors and the Women’s Council of Realtors have a wide range of plans ...

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Forecast 2009: Construction

Nationally, the construction industry’s forecast for 2009 is dismal: The Associated General Contractors of America (AGC) recently said that two-thirds of the country’s non-residential construction companies could cut their work force by 30 percent. Many in the local construction industry ...

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Forecast 2009: Rochester real estate

Rochester’s real estate market in the coming months will look much like the previous year’s market, local experts say. Though property sales in the region have been “stagnant,” Greater Rochester Association of Realtors President Chuck Hilbert said he is confident ...

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Home buyer credit available

Homeowners who made their first home purchase may be eligible for a new federal tax credit. Part of the Housing and Economic Recovery Act passed in July, the credit could be worth up to $7,500 and can be taken in ...

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Appraisal process to change

Mortgage giants Fannie Mae and Freddie Mac have made revisions to the Home Valuation Code of Conduct, which is likely to change the way by which home appraisals are ordered. Under the agreement, effective May 1, both agencies are required ...

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COA: Lawyers may void home sales

The Court of Appeals last week upheld a party’s right to back out of a real estate contract for any or no reason, if a contingency clause commonly used in Upstate real estate contracts is invoked. “Where a real estate ...

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Sluggish homes sales not surprising

With the national economy in flux and the winter season approaching, local housing experts said Monday sluggish home sales aren’t surprising. In the Rochester area, existing single-family homes sales were down by double digits last month. October 2008 sales fell ...

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