If you’ve been wondering how your real estate investment is holding up in Buffalo, then you should take a look at this Bloomberg report via Yahoo (Finance) that ranks this city as the #1 “Stablest Real Estate Market” (see here).
From finance.yahoo.com and Bloomberg via /r/Buffalo – using Zillow real estate website:
1. Buffalo, New York
Risk of loss: 0%
Worst year: -4% (July 1994 – June 1995)
Methodology: For each of the 50 largest housing markets, Zillow.com analyzed average home prices over 117 rolling five-year periods since 1979, as far back as reliable data go. The “risk of loss” is the percentage of those periods that created negative returns for homeowners. In the case of ties between markets, those with the bigger drop in their worst years were ranked as riskier.
This goes hand in hand with recent Buffalo rankings as America’s Most Affordable City (see here) and #2 ranking as America’s Happiest City (see here). Throw some hot guys into the mix and you’ve got an interesting city dynamic (see here).
