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Residential sales in East Aurora—in fact, all real estate dealings anywhere—remain the most local of commercial transactions. If your house is in San Francisco, a price spike in suburban Newark is probably of little interest, unless you plan on moving anytime soon. Even so, the new projection for overall U.S. residential sales had to perk up area homeowners’ interest.
The “best home sales market in eight years” was the forecast—along with “mortgage originations that will likely rise” and “large...It may not be the first factor you look at when you begin planning to buy an Elma house, but unless you are in the rare position of being able to make an all-cash purchase, sooner or later your credit score will become a prominent factor. That’s why this month’s get-together in Washington held some information that could ultimately become pretty important for both Western New York home buyers and sellers.
The meeting was held at the National Association of Realtors headquarters, with participan...Since Western New York home interest rates continue to play such a leading role for buyers in today’s real estate market, any relevant news items bear watching. For quite a while, home interest rates in the Southtowns have cooperated nicely, dwelling at tantalizingly low levels. It’s been helpful to sellers and buyers alike.
Meanwhile, some strange headlines about European home interest rates have been appearing from time to time. They never seemed to make much sense, but it’s Europe, after all...If anyone involved in East Aurora real estate were to try to pick a word to characterize the mortgage industry as a whole, “sentimental” wouldn’t be among them. Especially over the past several years, “frustrated” might be apt, or “hog-tied.” Mortgage issuers been hampered by tough rules developed in reaction to the sub-prime mortgage mess. They certainly wanted to issue more mortgages, if only for their own profitability, but until recently, the lending guidelines made that difficult.
In any c...It can be a true three-ring circus as you close in on signing day for your new East Aurora home. Sometimes there’s a near-simultaneous sale of the previous house that demands attention. There are the timing issues connected with moving out and then moving in. You may be dealing with furnishing the new house, school schedules, and sometimes work requirements have to be juggled; and everything seems to be happening at the same time.
Amidst all the details you are attending to, there is one that a...The first day of spring! The vernal equinox! This year, March 20 is the red-letter day on Western New York’s real estate calendar. It’s the nominal kickoff to the traditionally rambunctious spring selling season—historically, the go-go time of year. It’s when more homes come on the market, more prospective buyers come out to see them, and more sales are launched than in any other season.
But this year, what happens three days later might well turn out to be nearly as noteworthy.
The 23rd may n...As the demand for age-restricted senior housing continues to grow nationwide, it’s certain to influence more than just the new home builders whose bread and butter depends on paying attention to such trends. It’s also likely to influence the character of neighborhoods as a whole, Aurora’s included.
The numbers tell a story that’s been written about for years. As East Aurora’s baby boom generation joins their cohort’s arrival into retirement age over the coming decades, they will become part of...
