Buffalo, with low home prices and rising job growth, is projected to be the hottest housing market in 2025, facing strong competition among buyers as inventory remains low.
As demand outstrips supply, Zillow's chief economist warns that unless builders can increase home production, prices and competition in Buffalo will intensify due to job influx.
Despite its upswing, potential buyers should brace for unpredictable mortgage rates as construction struggles to keep up with Buffalo's rapid growth and job creation.
Colleen Collier noted that Buffalo's median sales price at $250,000 is significantly lower than the national median, making it an attractive option for returning residents.
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