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The Buffalo Niagara housing market is tighter than ever, but there are signs that the upward pressure on home prices is starting to lose some steam. Home prices still are rising at a moderate pace, but the pace of the increase slowed during June. Homes are still selling quickly, but the houses that sold last month also took almost a week longer to find a buyer than they…

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Don't expect the shortage of homes for sale to end anytime soon. And that means more bidding wars for attractive homes, and more upward pressure on home prices. That's the verdict of one of the nation's leading housing researchers, who blames the dearth in inventory on the inability of builders to put up new homes at prices that first-time homebuyers can afford. "…

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As the spring home buying season begins, it's still a seller's market. Homes for sale are scarce, so prices keep rising. But even today's higher prices still are relatively affordable, especially compared with other parts of the country. The local economy is solid, giving potential buyers both the means and the confidence to make what likely will be the biggest purch…

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Ryan Pulaski and Becky Tintor are eager to find a three-bedroom house in a place like Lockport, Cheektowaga or Hamburg. The couple has been living for several years with Tintor’s mother in Cheektowaga, paying a discounted rent. That’s allowed them to save money, putting about $800 a month into a bank account for a future down payment on their first home. “Once you li…

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It's no secret that Buffalo is one of the least expensive housing markets in the country. But did you know it's also the fastest? A new report from online real estate brokerage Redfin found that Buffalo tied with Grand Rapids, Mich., in January as the cities with the shortest time during which a house sits on the market. According to Redfin, a typical home in Buffalo…

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In 22 years as a real estate agent, Nick Bailey has seen the changes in the brokerage industry from a host of different angles. He's been an agent, a broker-owner, a franchiser, and a technology executive who worked with real estate brokers. He's watched the business evolve, as technology and especially the internet has revolutionized how information is made available, …

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Anyone who has shopped for a house in Buffalo knows just how hard it is to find one these days. Open houses are packed. Informal auctions with deadlines for offers are common. Bidding wars are becoming accepted by many would-be buyers. And prices have soared – all because there simply aren't enough homes on the market to meet the demands and standards of buyers. W…

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Howard Hanna Real Estate Services has invested more than $6 million in the last 12 months in new analytic technology and partnerships, designed to more precisely pinpoint the pricing, condition and characteristics of the most desirable houses for sale, its president said. The new technology allows managers and agents to study market trends more closely, identifying the …

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Howard Hanna Real Estate Services, the dominant real estate brokerage in the state and third-largest in the country, has tacked on another upstate New York firm to its network. The Pittsburgh-based company did not say how much it had paid to acquire CMK & Associates of Amsterdam, which posted $104 million in sales volume last year. The combination adds six offices a…

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Joan Smith was tired of house-hunting. The 39-year-old schoolteacher and her husband, Paul, had been searching for a new home in the suburbs last year, dragging their two young kids around with them through Lancaster, Clarence and Tonawanda. They had already looked at about 20 homes and lost out a couple of times when their bids came up short. So when they found a ho…

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Lisa Wojdan never expected it to be so difficult to buy a new house. She and her husband started searching in Elma and East Aurora last June, one month after they got married. They looked at almost 50 houses in the past year, missing out on two they really liked, while others were gone before they even had a chance to look. So when they found their dream home, they p…

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It's been two years since Pittsburgh-based Howard Hanna Real Estate Services came into the Buffalo market in force with its back-to-back acquisitions of Nothnagle Realtors and then RealtyUSA. The dual purchases added upstate New York to the seven-state Hanna empire, which already included Rust Belt markets across Pennsylvania, Ohio, West Virginia and Michigan. So it's b…

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A subsidiary of Howard Hanna Real Estate Services has started offering title, insurance and abstract services in the Buffalo area this month. Barristers Title & Escrow Services, which expanded to the Rochester market in January, added Buffalo to its geographic territory as of June 1. By the end of the year, the company will cover the entire state, with local staff s…

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Fewer houses sold in February in Western New York than in the same month in each of the past two years, as it became increasingly more difficult for buyers to find their dream homes. But those that did sell garnered the highest prices ever paid in the depths of winter. New data from the Buffalo Niagara Association of Realtors showed closed sales fell 13.2 percent…

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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 –…