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CNNMoney.com- Real Estate Market Strong in Upstate New York!!

5/9/2008

"Amidst all of the negative national media on the condition of the real estate market, we've been reinforcing that the real estate market in Upstate New York is still strong. The national media has also picked up on this as noted in an article on CNNMoney.com. Rochester ranked number two on the top ten list of fastest growing real estate markets, followed by Syracuse at number four and Buffalo/Niagara at number five.

Rochester

12-month forecast: 2.7%

Median home price: $121,000

One year price change: 3.4%

Five year price change: 20.1%

Change in foreclosure rate: 5%



Syracuse

12-month forecast: 2.6%

Median home price: $126,000

One year price change: 0.8%

Five year price change: 29.5%

Change in foreclosure rate: 27%



Buffalo

12-month forecast: 2.4%


Median home price: $105,000

One year price change: 1.6%

Five year price change: 24.5%

Change in foreclosure rate: 14%

"

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