Ok, so maybe this isn’t a boom, which is a good thing.  We’ve come to realize in the past year that “Booms” have “Crashes”.

Back in May of ‘08, Hot Buffalo pointed out that CNN Money ranked the Buffalo/Niagara corridor as the 5th fastest growing real estate region in the us. (Buffalo Real Estate Growth)

Then in the middle of December ‘08, The Buffalo news cited that even though the number of home sales decreased by 21%, the average price of the sales increased 21%. (Buffalo News Article) This is very good news.  It’s harder for anybody to get a mortgage right now because of the economy of the rest of the United States.  Bottom Line: Property Values are up.

On January 7th of the new year, Forbes came out with the list of 25 strongest housing markets.

Where does Buffalo rank?  Buffalo ranks 5th! (link)  Forbes also used Buffalo’s photo on the main page.  Buffalo is becoming quite the little model city.

There’s also great news for our neighbors!

Rochester is ranked 16th (link)
Syracuse is a whopping 3rd (link)
Albany is 22nd (link)