Here’s Why You Should Buy A House In WNY Right Now
House values appreciate and depreciate over time. But in Western New York, it looks like things are on their way up for real estate.
This is according to a report done by business journals from real estate website Zillow.com. The study was based on estimated home values for America’s 60 largest metropolitan areas. Buffalo came in at 27 after a seven-year gain of 29.1 percent in the value of the typical home.
What does that mean in dollars and cents? If you bought a house in 2010 for $115,400, on average your house could be worth $149,000 in 2017.
So you earn some pretty good money just for owning a house (and maintaining it) in Western New York.