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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...This was the “hot home-buying tip” splashed all over the airwaves at the end of last month—one that East Aurora real estate watchers probably assumed had to be one of those weird, crazy coincidence feature stories that crop up from time to time. I was a little surprising that Zillow, the big national real estate firm, was said to be the source. It was all over the TV and radio newscasts, usually providing the cutesy end-of-broadcast segment. It hit dozens of news blogs, led by headlines like “S...
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...It can feel a little like a trip to the shore in springtime, before the summer sun has warmed the water. The water might be okay—but it also might be bone-chilling! Most Western New York residents will choose caution, and stick their toe in, first…
Deciding whether to buy a house when you have been renting for a while means taking a much more significant plunge. And there’s no way to test the waters, either: you’re either going to buy a Southtowns house or, you aren’t. It’s in or out. And it’s...The Erie County foreclosure situation is a good deal different from what we were discussing a few years ago when the tidal wave of 7.3 million foreclosures and short sales swept the nation. When The New York Times “Dealbook” recently pronounced that the supply of cheap foreclosed homes in America is dwindling, it came as news to…well, no one.
Let’s face it: Southtowns investors wouldn’t need to look up the latest statistics to guess that number of offerings would be down. The continuing rebound...Something new is stirring in the ordinarily hidebound world of residential mortgage offerings: a new way of approaching the financing of home purchases. If successful, it might well shift the way some Elma mortgage contracts are written.
The experiment is known as the “Wealth Building Home Loan,” and it addresses a home-ownership problem that has been talked about for a long time, with little being done to solve it. The issue in question is how to unburden new homeowners from spending years in...
