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Real Estate Culture December 30, 2009

Posted by zvaida in Buffalo-Niagara.
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The minority population in this country—African Americans, Hispanics or Latinos, and Asians—has grown by 35 percent since 1990, a growth rate five times that of the U.S. population overall. By the year 2010, one-third of the American population will be minorities. (Source: U.S. Bureau of the Census)

Minority buying power in the United States is estimated today to be $1.5 trillion. By the year 2007, it is expected to reach $2.3 trillion. The buying power of the Hispanic community alone will exceed $900 billion.

Immigrants and ethnic/racial minorities from Europe, Asia, Africa, and Latin America represent a major growth segment of the housing market and, therefore, of the realty profession. Government and industry data indicate that two out of every three new households are being formed by foreign-born or minority persons. Foreign-born homeowners already account for $1.2 trillion in housing.

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Real Estate Future December 27, 2009

Posted by zvaida in Buffalo-Niagara.
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Statewide sales of existing single-residency homes in New York State jumped 34% in November 2009, compared to November 2008, according to single-family sales data by the New York State Association of Realtors (NYSAR).  The statewide median sales price rose by 3% compared to November 2008.

The tax credit extention and expansion to include repeat buyers will continue to aid the recovery of the New York State housing market. For information on recent sales in the Buffalo-Niagara region visit the Buffalo-Niagara Association of Realtors web site-http://www.bnar.org

Season’s Greetings December 24, 2009

Posted by zvaida in Buffalo-Niagara.
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Wishing happiness this holiday season and prosperity in the New Year. Keep Faith, Hope, and Love strong! 

CulturalView-All About Buffalo-Niagara Culture- will continue relationship in 2010.  Invest in Buffalo-Niagara!

All the best to you and yours,