First Homebuyers In Buffalo, New York Getting A Gift

There could be some great news on the horizon for those who are looking to purchase their first home in the Buffalo and Western New York areas.

The interest rates have gone back up recently. On Friday, the mortgage rates were still hovering around 7%! That is still pretty high considering that a few years ago it was half of that.

But that has not stopped people from buying and selling homes. In fact, a recent report from Zillow says that Buffalo, New York is the hottest market!

But here in New York State, there is a push from the Governor to help with financing housing, specifically for those who are buying their first home.

According to reports, the plan calls for supporting first-time homebuyers with down payment assistance, providing starter home innovation funding and creating an affordable homebuyer tax incentive.

Owning a home is all part of the American dream! However, as most homeowners know, the work is never done on the house. But that is the fun part! The feeling of owning your first home is like no other! Once the shock and fear of having a mortgage goes away, it is time to make the house your own. For some, that means major renovations and for others, it might mean a new coat of paint. Either way, once the papers are signed and you get the keys, it becomes your castle!

I have been seeing more and more homes pop up for sale around us in the Hamburg area. And recently have been seeing more vacant land for sale. Take a look at this GEM in Ellicottville!