I’m going to shamelessly steal a chart from my good friend, Jay Teresi of Hunt Realty, who analyzes local real estate stats better than anyone that I know. It’s not surprising that the Rochester housing market is down 17% year to date; COVID, BLM, the presidential election, and other factors are dissuading owners from listing their homes for sale. Buyers, however, are still active and anxious to purchase. Adam Smith taught us that low inventory and great demand translate into soaring prices and that’s exactly what’s happening………… READ MORE
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