real estate
The historic Hotel Cadillac in downtown Rochester is being converted into 42 affordable apartments, with construction beginning in 2026 and applications opening in 2027. The project is funded in part by a $1.1 million approval from City Council. Tenants will be selected through a lottery system, factoring in income, background, and credit. Interested renters can […]
Monroe County is now ranked as the top real estate market in New York and fifth in the nation, with homes selling in under 10 days and prices nearing $250,000. Buyers often offer above asking and waive inspections to compete. Community Bank’s Scott Bowser advises budgeting conservatively to allow room for negotiations. Lower-income buyers face […]
A 5,400-square-foot Webster, New York mansion linked to narcotics trafficking has been sold for $1 million after being forfeited to the federal government. The property was seized following a 2023 civil forfeiture complaint by the U.S. Attorney’s Office, citing the home’s connection to drug money and illegal activity. The settlement included additional seized assets, totaling […]
In 2024, the U.S. experienced its slowest year for existing home sales in nearly three decades, with only 4.06 million homes sold, according to the National Association of Realtors. Elevated mortgage rates, hovering between 6% and 7% for much of the year, played a significant role in the decline. Additionally, high home prices and limited […]
The recent passage of a $237 billion state budget has brought significant changes to eviction rules in Rochester, New York, sparking controversy among both tenants and property owners. The revised rules are meant to make evictions more difficult, particularly to protect tenants who pay rent and comply with their lease terms from unfair evictions and […]
Currently, mortgage rates are around 6.9%, significantly reduced from the near 8% peak in late October, the highest in 23 years. Economists anticipate these rates to drop further later in the year, which could increase buyer competition due to more attractive financing options. However, this could also lead to higher home prices. Danielle Hale from […]
Many Rochester businesses are keen to re-open and start serving the residents of Rochester again after being forced to close by the state’s pause for nonessential businesses. As this pause is set to expire, Governor Andrew Cuomo announced a four-step plan to gradually re-open businesses in New York. Cuomo announced construction and manufacturing would be […]
According to a new study from a real estate website called Zumper – renting an apartment in Rochester New York has gone up more than 15% from last year. $970 a month is the average price for a 1 bedroom apartment in the city of Rochester ranking us at 56 in the country. Now the national average […]
This is a beautiful second floor unit located on Spencer Street off of Lake Avenue. At 1200 square feet you will have plenty of space to make this light filled half house your home. This apartment includes two large bedrooms with plenty of closet space and one full bathroom. You will be responsible for […]
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