The city of Rochester will use $13.3 million to build 100 single-family affordable houses, helping to correct the wrongs made by redlining.
Read More »New city program to ‘right the wrong’ of redlining
Great Lakes Gaming provides ‘country club’ for gamers 
There was a time when Ben Garvey envisioned himself doing something in golf as a career. He had worked at Gowanda Country Club, not far from his home in the Erie County hamlet of Derby, and also spent 14 months ...
Read More »New listings tick upward but housing market still lacks inventory 
New listings on the Monroe County real estate market showed a moderate increase in March and the figure was not that far off of pre-pandemic numbers.
Read More »Rising interest rates aren’t dampening real estate buyers’ spirits — yet 
Rapidly rising interest rates haven’t slowed buyer demand in either the residential or commercial real estate sectors, at least not yet. Home mortgage rates have pushed past 5 percent for a 30-year mortgage and could rise another 2 or 3 ...
Read More »City, county hope new website will help eliminate ‘zombie’ properties 
City and county officials hope that the establishment of a new online real estate data base will lead to a reduction in "zombie" and vacant properties.
Read More »Landlords cautioned about rent increases and ERAP rules 
Landlords who accepted rent payments through the state’s Emergency Rental Assistance Program (ERAP) are being reminded that it is illegal to raise rent for 12 months. New York Attorney General Letitia James issued the reminder advisory on Monday, warning that ...
Read More »With fraud charges behind him, Morgan will rebuild, rise again, lawyer says 
Rochester developer Robert Morgan went from facing a litany of federal charges in an alleged $500 million real estate fraud scheme to a guilty plea on one single felony count of conspiracy to commit wire fraud.
Read More »Rochester rental rates jump significantly in March 
Median rental rates in Rochester jumped by 11.4 percent year-over-year in March, according to the monthly report from Realtor.com. The overall median rent in Rochester climbed to $1,333 (a combination of studio, one-bed room and two-bedroom rates). One-bedroom rates experienced ...
Read More »Officials christen new senior housing, Meadow Reserve at Irondequoit 
Meadow Reserve at Irondquoit, a $20.4 million affordable and supportive housing community for seniors, officially opened on Thursday. Developed by Rochester Management, Inc., Meadow Reserve provides 80 affordable housing units for residents 55 and older. Half of the units are ...
Read More »No jail or restitution for Robert Morgan after guilty plea 
What began nearly four years ago as an alleged massive fraud conspiracy is about to end with a lenient sentence for the man who government prosecutors once claimed was a mastermind of sophisticated criminal activity within his real estate enterprise. ...
Read More »Cook Properties now owns state’s largest manufactured home portfolio 
Cook Properties has become the largest owner/operator of manufactured housing communities in New York after the acquisition of a 54-park portfolio from Caledonia-based Affordable Great Locations. The purchase, which includes 2,300 pads, is a joint venture partnership with Waterfall Asset ...
Read More »Roberts Wesleyan builds $15 million Golisano Community Engagement Center 
The Golisano Community Engagement Center at Roberts Wesleyan College aims to create a bridge between higher education and the local business community.
Read More »Fairway Mortgage enjoys strong first full year in the market 
When Kim Chizak and Robb Everhart walked away from what they considered to be a rigid corporate structure in the mortgage industry to start their own firm, they wanted to provide something different to homebuyers. If they made what can ...
Read More »KORE expands ‘Internet of Things’ offerings, capabilities, at its new Pittsford location 
KORE, an Internet of Things solutions and management services firm, is growing in the Rochester area
Read More »Even with more houses on the market, they don’t last long 
The number of new listings rose in Rochester in March, a rarity during this prolonged period of low inventory and frenzied home buying, but houses still continued to sell at a rapid pace. New listings climbed by 7.2 percent year ...
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