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Housing Crunch in Upstate NY | Buffalo News
Upstate New York’s housing market is in a tight squeeze—prices have surged over 100% in places like Buffalo since the pandemic, even as mortgage rates climb. The real culprit? A severe shortage of available homes, fueled by aging housing stock and lack of new construction. When a decent home does hit the market, bidding wars are common. While the frenzy has cooled slightly, buyers still need to move fast and be prepared to snag deals. The long-term fix? More homes being built—not just cheaper prices. For the next wave of homeowners, availability is the key to settling down. Listen in…
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