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Business

Home prices set another record high in the Buffalo Niagara region during January, as a dearth of available homes continues to drive up home values even as fewer homes change hands. As a result, buyers continue to compete heavily for the best houses, and pay up when they find them. The average sales price soared 16 percent to $165,021 in January, while the median price –…

Business

The final results are in, and the Buffalo Niagara housing market set what appear to be records for highest prices and lowest inventory of homes for sale last year, as the robust activity continued all year long. According to new data from the Buffalo Niagara Association of Realtors, the median price for the year soared to a record $140,000, up 7.7 percent and easily bes…

Business

Western New York is on track for the second-best year on record for home sales, as prices and transaction volume continue to hit at or near their peaks. But the new federal tax reform legislation could put a damper on that in the future. With just a few weeks to go in the year, the level of home sales activity is already poised to surpass that of 2015, and in some ca…

Business

A pair of young attorneys - one of whom is the daughter of personal-injury titan Ross M. Cellino Jr. - has purchased the lakefront home of prominent Western New York businessman Angelo M. Fatta for $1.05 million. Rafael F. Pignataro and his wife, Jeanna M. Cellino-Pignataro, bought a 5,702-square-foot ranch house on Old Lake Shore Road in Hamburg last week, just a few h…