Buffalo is the hottest housing market, with a 3% expected price increase this year; a strong job market creates two jobs for every new home.
The housing market frenzy in Buffalo is mirrored in other Northeastern and Midwestern cities, where modest price rises are also forecasted for 2025.
Existing homeowners are locked into low rates, preventing many from selling, which exacerbates the housing crunch and pressures new construction to meet demand.
Builders in Buffalo are struggling to keep pace with rising demand as the local job market continues to soar, further driving the increase in home values.
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