That's right, folks! Everybody move to Ro-cha-cha (as the locals, and some of us transplants call it). A Money Magazine article recently listed Rochester, and several other Upstate New York markets including Buffalo/Niagara Falls and Syracuse, among the country's 10 fastest-growing real estate markets.
The stats for Rochester include:
2. Rochester, N.Y.
12-month forecast: 2.7%
Median home price: $121,000
One year price change: 3.4%
Five year price change: 20.1%
Change in foreclosure rate: 5%
One nice thing about living here is the stability we have in our housing market and super public schools (see Newsweek article on Top Public High Schools, there are at least half a dozen high schools in the region that made the grade) and colleges like the University of Rochester, Rochester Institute of Technology, Nazareth, St. John Fisher, the SUNY schools and more. We may not see dramatic jumps in our home values during "boom" periods, but we rarely feel the "bust" periods like the rest of the market. Average people can afford to buy a home here and raise a family while our businesses recruit from a well-educated workforce.
So, what does your money get you in Rochester, N.Y.? Check out our local online real estate MLS and find out...http://www.homesteadnet.com/.