Three Cities in Western and Central New York Make CNN's List of 10 Fastest Growing Real Estate Markets!

From the Desk of Don Draughn, Mortgage Professional

Website: http://ahfmortgage.elliemae.net/ddraughn

http://www.dondraughn.com/

CNNMoney.com has released its list of the Top 10 Fastest Growing Real Estate Markets and three Upstate New York cities made the list - Rochester, Buffalo/Niagara Falls and Syracuse. The other seven were McAllen TX, Birmingham AL, New Orleans LA, Scranton PA, Grand Rapids MI, Baton Rouge LA and El Paso TX.

This is good news for Upstate NY! "Why?", you may ask. Because this means that it is very much a good time to purchase real estate if you are considering upgrading to a new home, purchasing your first home or simply investing in real estate for the future. Our market is alive and thriving.

Rochester NY Statistics from CNNMoney.com

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%

Buffalo/Niagara Falls NY Statistics from CNNMoney.com

12-month forecast: 2.4%

Median home price: $105,000

One year price change: 1.6%

Five year price change: 24.5%

Change in foreclosure rate: 14%

Syracuse NY Statistics from CNNMoney.com

12-month forecast: 2.6%

Median home price: $126,000

One year price change: 0.8%

Five year price change: 29.5%

Change in foreclosure rate: 27%

Don Draughn is a Professional Mortgage Consultant and a Sale Manager at Affordable Home Funding, Inc. located at 900 Perinton Hills Office Park, Suite 970, Fairport, NY, 14450. His phone number is (585) 425-5811 or Toll Free (877) 223-0480 ext. 111.

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