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Tuesday, July 19, 2016

Our we on the verge of another housing bubble?

The U.S. housing market has improved dramatically since the depths of the recession. Home prices in particular have grown dramatically in recent years, nearing a full nominal recovery nationwide. In high-profile growth markets like San Francisco; San Jose, Calif.; and Austin, Texas we are seeing record-high median prices.

With this significant amount of price appreciation, there’s chatter about whether certain hot markets have entered into bubble territory again. Realtor.com® sought to answer that question for 50 of the largest markets in the U.S. by conducting an in-depth market analysis of six housing trends that were fundamental to the bubble years.

Methodology
The analysis evaluates a housing market’s bubble potential based on six factors fundamental to the boom and bust cycle of the mid-2000s including: real price appreciation, house flipping share of overall sales, mortgage transaction share of overall sales, price to homeowner income, price to rent, and new households per new construction starts. See Table 1 for a detailed overview of each factor.

The index measures each factor by market and compares it to its respective 2001 levels – a year where housing was considered to be in healthy growth mode and fairly valued. The 2001 baseline score for the index is 100, if a market receives a score of more than 100 it has more bubble potential than it did in 2001; if it is lower than 100, it’s has less. Fifty of the largest markets in the country were included in the analysis.

Executive Summary
The analysis shows that economic growth and household formation, paired with limited inventory are causing homes in many areas to cost more, relative to rents and incomes, than in more balanced times. However, there is no evidence of the systemic risk of the mid-2000s housing bubble. In fact, what is happening now is the opposite of what occurred during the housing boom of 2004-2006 – credit remains tight; flipping is not rampant; and new construction is severely constrained. It was these factors that led to the price collapse. That being said, the rapid price increases currently taking place in places such as San Jose, San Francisco, and Austin are unsustainable in the long term and we expect to see these price gains naturally taper off – whether it’s from people choosing to rent over buy, move in with family or roommates or relocate to a housing market that is more affordable.

Nationally, the housing market has three percent less risk than it did in 2001 – the index’s baseline year for market health – and 25 percent less risk than it did during the peak in 2005. Although there is elevated real price growth – estimated at seven percent in 2015 – the other fundamentals – such as flipping, new construction and mortgage share – are far below their levels during the housing boom.

On a market level, realtor.com’s analysis revealed that six major markets – San Jose, San Francisco, Austin, Salt Lake City, Dallas and Los Angeles are seeing rapid price appreciation driven by strong economies and lack of inventory. These markets registering an index score of 110 or higher.

National Snapshot
Nationally, the home price-to-rent ratio is 12 percent above its 2001 level, but remains 18 percent beneath where it was in 2005. Price-to-income ratio is also higher than 2001 by 28 percent, but is 12 percent beneath its level in 2005. Flipping represents four percent of sales in today’s market, in-line with 2001, but lower than 2005 when flipping accounted for six percent of sales. New construction is slowly recovering from the recession. It’s currently at a ratio of two new households for each start, which is twice the balanced (and normal) demand of 2001. In 2005, the ratio was .65 new households per start. Tight lending conditions are keeping the mortgage transaction share low at 68 percent of all sales, which is 15 percent beneath 2001 and 12 percent lower than 2005.

Top Markets:
Realtor.com examined the 10 markets with the highest index score. Analysis revealed that the first six markets on the list – San Jose, San Francisco, Austin, Salt Lake City, Dallas, and Los Angeles – are showing some signs of unstainable price gains that are expected to naturally taper off.

Markets ranked seven through 10 – Fresno, Calif.; Buffalo, N.Y.; Charleston, S.C.; and Portland, Ore. – are registering scores of 105 to 109. While these markets are showing recent significant price appreciation, they are not overheating.  With the exception of Buffalo, all of these markets experienced a housing bubble in the early 2000s and their index values in 2005 reflected that, yet today they are substantially lower. Most of them follow the same pattern we see with the other markets on the list, that the fundamental problem is the lack of new construction keeping up with economic and demographic growth.

10 Markets with the Highest Index Scores

1. San Jose – Silicon Valley prices have been dramatically increasing over the last few years causing chatter about whether the market is in a bubble. While the index does indicate that the market has 19 percent more potential than it did in 2001, the market’s index score is currently 18 percent below its peak level in 2006. The clear undersupply of new construction against growth in households is likely the primary culprit in driving up prices. Without oversupply or mortgage delinquency risk, the higher prices are a reflection of the otherwise healthy market conditions producing the high paying jobs that can afford to pay the higher prices.

Analysis: The market saw 10 percent real gains in home prices in 2015. Price to income is 6.4, only six percent less than its peak level in 2006. Price to rent ratio is currently 35 percent more than its state in 2001, but still 30 percent less than its peak. Flipping is up 38 percent more than its level in 2001, but is down 38 percent compared to 2005. Limiting the overall risk are constrained new construction and low mortgage financing. Two new households are formed per housing start, which is similar to the U.S. overall and half of what a normal market should deliver. Mortgage transactions account for 76 percent of the sales, which is 19 percent less than its peak of 94 percent in 2005. 

2. San Francisco – This Bay Area neighbor is very similar to San Jose in several ways. The analysis indicates that the San Francisco metropolitan statistical area is currently 19 percent higher than it was 2001, but 26 percent below its peak level. Like San Jose, San Francisco is not seeing enough new construction to keep pace with household growth, so again the analysis concludes that the increase in prices is a reflection of the market’s growth and not credit-fueled speculation. The market is a victim of its own economic success producing gains in high-paying jobs that when coupled with limited ability to increase the housing stock result in higher home prices.

Analysis: San Francisco saw nine percent gains in real prices in 2015. Price relative to income is 36 percent more than it was in 2001 and 10 percent less than its peak in 2005. Price relative to rent is 20 percent more than 2001, but 30 percent less than its peak. Lack of new construction and limited mortgage activity are mitigating the price appreciation in this market. More than two new households are being formed per new housing start, which is similar to the U.S. overall and half of what a normal market should deliver. Mortgage transactions account for 77 percent of the sales, which is 18 percent less than its peak of 94 percent in 2005.

3. Austin – Austin didn’t experience as severe a recession as the rest of the country in 2007-2012, when home prices dropped 16 percent locally compared to declines of more than 40 percent nationally. The index shows the market is 17 percent higher than its state in 2001 and one percent lower than peak. However, there is little evidence to support that the market had a true bubble during the national housing boom period, so the reference to its peak is less problematic. Similar to other high profile economic growth markets, the increase in price is a natural outcome of substantial growth in households without the corresponding growth in housing stock to keep the housing market in balance.

Analysis: The primary factors at work in Austin are prices relative to rent and income. Price to income stands at 3.1, a 35 percent increase from 2001. Price to rent is 17, which is 30 percent more than 2001 and almost at same level as the peak. The remaining key factors mitigate the risk resulting from higher prices. The market only sees 1.74 new housing starts for every new household, so there is no evidence of over building. Likewise, flipping activity is very limited at two percent of transactions. The mortgage share is 73 percent, below the 77 percent in 2001, and showing no sign of loose credit.

4. Salt Lake City – This market’s current index score is 14 higher than it was in 2001, but 20 percent below its peak. Although real prices have appreciated an average of seven percent over the last four years, the market is not in the bubble territory it was in in 2005-2006 according to the index. In addition, price increases are already moderating and the market is not likely to see bubble factors increase in the next few years.

Analysis: Salt Lake City saw a real price gain of six percent in home prices in 2015. Price relative to rents is 14 percent higher than 2001, but 22 percent less than the peak. Price relative to income is 20 percent higher than 2001, but 14 percent less than peak. All other factors show no sign of risk. The supply of new construction has recovered in Salt Lake City better than other markets as it has increased steadily since the recovery began and is currently at 1.15 households per start, which is on par with 2001. 

5. Dallas – Analysis shows the Dallas market has an index score that’s 13 percent higher than it was in 2001 and one percent less than its peak in 2004. Like fellow Texas market Austin, Dallas did not experience much of a boom and as a result, only experienced a mild recession and price correction compared to the rest of the U.S. The price gains in Dallas in recent years can be attributed to the lack of growth in the housing stock relative to the large gains in employment and corresponding households.  

Analysis: The market saw nine percent real gains in home prices in 2015, far higher than the six percent real price gains that represented the peak it experienced in 2004, which was moderate compared to other market booms. The key factors at work today are price to rent and price to income, which are at all-time highs. Price to rent is 15, which is 30 percent higher than 2001; and price to income is 27 percent more than 2001. The market’s risk is being mitigated by limited flipping of three percent, low mortgage share of 68 percent, and low levels of new construction. The market is seeing 1.6 new households for every new housing start.

6. Los Angeles – The Los Angeles MSA has an index score that’s 10 percent higher now than it was in 2001, but 35 percent lower than its peak in 2005. Similar to other markets analyzed, Los Angeles is now suffering from household growth far outpacing new construction. More than three households are being formed for every new single-family start. The reverse scenario was true leading up to the peak of the bubble.

The market’s economic success since the recession coupled with limited ability to grow the housing stock has resulted in its current situation, but it is nowhere near the level of risk back in 2005. Additionally, Los Angeles is actually seeing its risk decrease. Price appreciation is moderating and will likely see further declines in the index score this year.

Analysis: The market saw a seven percent real gain in home prices in 2015. The key factors driving its index score are the price to income ratio and the level of flipping. Price to income ratio is close to six now, 66 percent more than it was in 2001, but 15 percent less than its peak in 2007. Flipping activity, while reduced from the last three years, is still beyond five percent of sales, which ranks Los Angeles among the markets seeing the most flipping. The factors minimizing risk include the aforementioned lack of overbuilding and a low mortgage share of 76 percent.

7. Fresno, Calif.
– This agriculture town has a nine percent higher index score than it had in 2001, but is still 31 percent from its peak. While certain risk factors are elevated—an indication that this level of price appreciation is not sustainable over the long term—they are nowhere close to what they were when the market was really in a bubble in 2004-2005.

Analysis: The market saw a six percent real gain in home prices in 2015. Key factors of concern are the price to income ratio and the level of flipping activity. Price to income is 47 percent more than its level in 2001, but 29 percent below its peak in 2005. Flipping is now six percent of sales, twice the level of 2001, but 25 percent less than the peak in 2005. Meanwhile, there is no evidence of overbuilding as there are 1.3 new households for every new start and the mortgage share remains low at 75 percent. In addition, price relative to rents are actually lower now than in 2001.

8. Buffalo, N.Y. – Buffalo effectively dodged the housing crisis in 2007-2012. Its index score is seven percent higher than it was in 2001, and slightly above the moderate peak it experienced in the mid 2000’s. In this analysis, Buffalo emerges as a fairly unique market as it is the only market experiencing new construction activity without significant household growth.

Analysis: The market saw a seven percent real gain in prices in 2015. However, prices have steadily grown for the past few years. Key fundamentals active in this market are heightened flipping activity and substantial growth in new single-family construction. The flipping share of sales has ranged between three and four percent in recent years, which is twice the share the share in 2001. The market is losing households, but still has new construction activity. So unlike the other markets on our list, the new construction risk factor emerges as the key factor in this market. Other factors mitigating that include prices relatively stable compared to rents and income, as well as relatively moderate price appreciation that has averaged five percent over the last four years.

9. Charleston, S.C. – Charleston’s index is seven percent higher than it was in 2001, but 20 percent beneath its market peak. Charleston appears to be a very healthy market, only one risk factor is elevated and that is the price to income ratio, which is being driven by substantial economic growth causing both home prices and rents to grow as households grow.

Analysis:  The price to income ratio in Charleston is 33 percent higher than it was in 2001, and 10 percent lower than its peak level. Real price appreciation was 10 percent in 2015, yet prices remain in alignment with rent. Mortgage share and new construction are in a balanced state, and flipping activities are 60 percent lower than its peak in 2005 and 2006. 

10. Portland, Ore. – The northwestern city of Portland has an index that’s six percent higher than in 2001, yet it is 26 percent lower than it was during its peak. The primary risk factor that is elevated is price to income, which stands 35 percent more than it was in 2001, and eight percent below its peak. Otherwise, Portland is a very healthy market.

Analysis: Real price appreciation was 11 percent in 2015, yet prices remain in alignment with rent. Mortgage transaction share is 78 percent, 10 percent lower than the pre-crisis level. New construction is in tight supply; there are 2.6 new households per new housing start. Like other large growth markets, the above average price appreciation is being driven by economic growth and is being exacerbated by very limited growth in new construction.


Source - Realtor.com 

Thursday, July 14, 2016

ESSEX HOMES OF WNY HIRES SILVESTRO AS REGIONAL SALES MANAGER

July 13, 2016 (Clarence, NY) - Essex Homes of WNY is pleased to announce that Kurt Silvestro has joined the firm’s sales staff as a Regional Sales Manager.


 
Silvestro brings a wealth of experience to the firm including more than 30 years of experience in sales. In his new role at Essex, he will be responsible for home sales within the firm’s Shadow Woods community in Clarence, NY and Cross Creek Estates, Lancaster, NY. Prior to joining Essex Homes, Silvestro was both owner and president of the Kurt J. Silvestro Insurance Agency. A graduate of Buffalo State College, he resides in East Amherst with his wife and two children.

We look forward to the new perspective, fresh ideas and professionalism that Kurt will
bring to the Essex team,” said Philip J. Nanula, President of Essex Homes of WNY.
Essex Homes of WNY has built more than 1,200 homes across Western New York
which includes communities in Clarence, East Aurora, Lancaster, Grand Island, Hamburg, Lakeview and Orchard Park. For additional information on Essex Homes, including community properties available for sale or lease in the Northtowns call Kurt Silvestro at 716.681.2513 or at 716.345.8400 (mobile). You may also visit the model home located in Shadow Woods at 9470 Kristina Circle in Clarence Center from 1-5 Monday through Thursday or the model at 46 Tranquility Trail in Cross Creek Estates, Lancaster, NY, which is open from 1-5 on Saturday and Sunday. Additional information may be found at www.essexhomeswny.com.

Monday, June 27, 2016

Forbes Capretto Announces French Landing Community

Our new community in Lewiston, NY, will offer unique homes in quaint surroundings

LEWISTON, NEW YORK, JUNE 22, 2016 - Forbes Capretto is pleased to announce the founding of a new community in Lewiston, New York. French Landing will offer a location close to boating and other activities with several parks, stunning natural scenery, water views, and more.

All homes within French Landing will offer a consistent theme but possess varying architectural features, ensuring that each home has its own unique features and flair. Forbes Capretto says that French Landing homes will be available in one story, two story with 1st floor owners’ suites, and two story with 2nd floor owners’ suites. Plans can be customized to suit, and prices are slated to start in the low to mid $300,000s.

Forbes Capretto has been offering its custom home building services for 30+ years and has built more than 3,000 homes and dozens of Western New York neighborhoods. The locally-owned company is highly rated and has been recognized by the BBB on various occasions.

The Forbes Capretto team is pleased to announce French Landing, a community that can appeal to people in all stages of life. The community is located off of River Road, south of Joseph Park. French Landing residents can enjoy the many local vineyards, parks, trails, and more offered nearby. Local schools include public and private institutions such as the Lewiston-Porter and Niagara Wheatfield School Districts, Stella Niagara Educational Park, Sacred Heart Villa, Niagara University, and Niagara County Community College.

Lewiston is approximately 20 minutes north of Buffalo and rests along the Niagara River on the Canadian border. Residents and visitors enjoy views of Lake Ontario and Toronto, as well. French Landing will offer close water access to those with boats, making it a retreat for active young adults and retirees alike.

More information about French Landing and Forbes Capretto can be found at http://www.forbeshomes.com.


About Forbes Capretto

Forbes Capretto is a highly rated, locally-owned custom home builder offering various communities and features. Over the past three decades, the company has built 3,000+ homes and created dozens of neighborhoods throughout Western New York.

Contact
Forbes Capretto
Phone: 716-651-HOME
Website:  HYPERLINK "http://www.forbeshomes.com" http://www.forbeshomes.com

Friday, June 17, 2016


176 Windsor Avenue sells just one day after going on the market
BUFFALO, NY – June 17, 2016 – HUNT Real Estate ERA has secured the sale of 176 Windsor Avenue, Buffalo, New York. 176 Windsor is one of five houses built by John D. Larkin, for his wife and children in the early 1900’s as part of the family compound known as Larkland, formed when Mr. Larkin purchased  the entire block of land known as Rumsey’s Wood, bordered by Rumsey Road, Forest and Windsor Avenues with frontage on Lincoln Parkway.

176 Windsor, designed by architect H. Osgood-Holland, was built in 1916 for Mr. Larkin’s daughter, Frances Larkin (Daisy) Esty and her husband, Harold M. Esty.  The home was next owned from 1963 until 1986 by their daughter, Elberta Larkin Esty. The late William H. Zacher purchased the property from Ms. Esty in 1986. It has stayed in the Zacher family until the recent sale.


In a statement from the buyers, who envision this as their “vintage dream home,” they stated their plan is “to preserve the home’s exquisite historical detail while refreshing it, with a caring touch, for the 21st century.” They continued, “We can’t wait to embrace our role as ambassadors of this historic Buffalo residence.”
Adele Cloutier of HUNT’s Buffalo Metropolitan office represented the seller in the transaction, which sold just one day after it went public on the multiple listing service.


“I’m so pleased that we were able to get immediate results for the family and even more excited that the buyers are going to restore this wonderful, historic home to perfection,” said Cloutier. “It will once again be one of the crown jewels of Buffalo real estate.”



About HUNT Real Estate ERA
HUNT Real Estate Corporation is the parent company of HUNT Real Estate ERA and operates over 40 branches throughout western, central, and upstate New York, and Phoenix, Arizona. Founded in 1911, HUNT Real Estate ERA is the largest family-owned and operated real estate company in the area and is ranked the 42nd largest real estate firm in the nation for closed transactions in 2015 by REALTrends. HUNT also operates a commercial brokerage, mortgage banking firm, two insurance agencies, title agency, an award-winning Relocation division, residential building company, and a fee-for-service brokerage. HUNT’s mission is to build its presence through successful sales associates, to grow profitably, and to provide the highest quality of real estate and homeownership services. For more information about HUNT Real Estate, visit www.huntrealestate.com.




Media Contact: Dan Mirsky
Marketing Director, HUNT Real Estate ERA
716-289-1349
<tel:716-289-1349>
dan@huntrealestate.com

Monday, June 6, 2016

David Homes introduces the newest phase for the Villas at Brierwood Lifestyle Community

The Villas at Brierwood in Hamburg is a unique Lifestyle Community built by David Homes. With the recent sell-out of Phase 1, homes are now available for selection immediately in the newest phase.  Three designs are offered with homeowners’ convenience in mind. All floor plans offer spacious first-floor living with numerous windows for natural light. Each home is inviting and welcoming with two bedrooms and two full bathrooms. Two of the models feature a Home Office with the option of a third bedroom. The attached, oversized, finished garage offers parking for two vehicles plus storage space. In addition, each design features a private, outdoor courtyard.



But more than beautiful homes, the Villas offer an engaging lifestyle for all that choose to make the community their home. There is something for everyone. The Villas at Brierwood offer walking trails, two ponds and an outdoor, heated pool for swimming. Maybe socializing with friends in the Clubhouse is more your style. Relax by the fireplace and listen to music, enjoy the WIFI connection or simply converse with friends.  Sports fans will enjoy watching the big game with neighbors and friends in the media room on a big screen TV.  Pop some popcorn, grab a cool drink from the fridge and pull up a chair! Those interested in fitness will be thrilled with the private fitness room. There is equipment for the beginner as well as the seasoned exercise buff. 

In addition to the numerous amenities offered, the Villas feature low Condo taxes, giving the home owners a significant cost savings. 


All exterior maintenance is taken care of including landscaping, snow removal, common area maintenance and water usage. 


For more information, please visit the David Homes Sales Center in the Villas at Brierwood Clubhouse located at 5665 Southwestern Blvd., just West of Amsdell Road. Model hours are Saturday through Wednesday 12-4 pm. David Homes can also be reached at 716-691-6900 or by visiting DavidHomes.com

Wednesday, May 4, 2016

LANCASTER BRANCH OF HUNT REAL ESTATE RAISES MONEY FOR PLYMOUTH CROSSROADS

BUFFALO, NY – May 3, 2016 – Through multiple fundraising events this year, the Lancaster office of HUNT Real Estate ERA (www.huntrealestate.com) has raised nearly $900 for Plymouth Crossroads (www.plymouthcrossroads.org). The agents will be presenting their donation to the organization at their branch sales meeting on Tuesday, May 10th.

Plymouth Crossroads is a non-profit organization located in Lancaster, NY, offering transitional housing for disconnected, abused and homeless young men ages 16-20. As a voluntary residence, services are aimed at preventing youth from returning to homelessness, creating a more stable and productive living situation while preparing them for independence.

“The agents in our office feel that it is important to support local organizations within our community,” said Kelly Spurlock, Branch Director of the HUNT Lancaster office. “This organization is doing great work and we wanted to do our part to make sure that they can continue to make a difference in kids lives.”

About HUNT Real Estate ERA
HUNT Real Estate Corporation is the parent company of HUNT Real Estate ERA and operates over 40 branches throughout western, central, and upstate New York, and Phoenix, Arizona. Founded in 1911, HUNT Real Estate ERA is the largest family-owned and operated real estate company in the area and is ranked the 42nd largest real estate firm in the nation for closed transactions in 2015 by REALTrends. HUNT also operates a commercial brokerage, mortgage banking firm, two insurance agencies, title agency, an award-winning Relocation division, residential building company, and a fee-for-service brokerage. HUNT’s mission is to build its presence through successful sales associates, to grow profitably, and to provide the highest quality of real estate and homeownership services. For more information about HUNT Real Estate, visit www.huntrealestate.com.

Media Contact: Dan Mirsky
Marketing Director, HUNT Real Estate ERA
716-289-1349
dan@huntrealestate.com

Wednesday, April 20, 2016

Buffalo Niagara Association of REALTORS Inaugurates 2016 President

Buffalo, NY – On February 19, 2016, Sharon Ciminelli of MJ Peterson Real Estate, was named 2016 President of the Buffalo Niagara Association of Realtors (BNAR), a trade organization with more than 3,000 local members whose mission is to promote professionalism, real estate property rights and values and is the voice for real estate in the Western New York area. Sharon was installed as President by her husband, Michael.

Sharon Ciminelli was installed as the 112th President of BNAR
An Amherst, NY resident, Ciminelli has served as an Officer of BNAR for the past two years before becoming President.  She is an award winning agent in her office, and has served on many of our Associations Committees, as well as at the State and National level.

“Ciminelli goes above and beyond to further her personal and professional development and is a champion for the real estate industry and in her community.  A Realtor for 30 years, Sharon also serves as Crossing Guard to the Amherst Police Department.  In addition, Sharon and her certified therapy dog Buster, visit nursing homes and the Buffalo Airport as part of the SPCA’s Paws for Love program with the goal of putting smiles on everyone’s faces.

“Being an animal advocate she is devoting her energy to the SPCA Serving Erie County, her designated charity for 2016,” said John B. Leonardi, BNAR Chief Executive Officer.  “Even at the inaugural event, supplies and certificates to adopt a puppy, dog, kitten or cat were auctioned off as a way to raise money for the SPCA Serving Erie County, he added.”

Her Presidential theme for 2016 is “United as One.”  Realtors come from different backgrounds and countries; we all work together, diligently with buyers and sellers so that they can plant deep roots in our community and make our industry professional, respectable and relevant.  Her commitment to Real Estate is strong with her goal to better the Real Estate industry for future generations.

 Mike McDonough, Realtor of the Year Recipient

At the event, Michael McDonough of Hunt Real Estate ERA was named Realtor of the Year and Shelia Ferrentino of RealtyUSA WNY, was named Realtor-Associate of the Year.  The awards are based on exemplary service and participation in the BNAR, the Real Estate community, the National and State Association and involvement and service in civic, community, church and charitable projects as well as business accomplishments

Shelia Ferrentino, Realtor-Associate of the Year Award Recipient
In addition to Sharon’s installation, the following individuals were installed by Amy Winklhofer, her friend and a past president of BNAR she is also a Real Estate broker/owner:  Officers – Dawn Brown-Realty USA WNY, President Elect;   Rebecca VanDorn-Letchworth Valley Realty, Secretary/Treasurer;  Eric Winklhofer-Century 21 Winklhofer, Vice President;  Joe Rivellino-Rivellino Realty, Past President and Philip Aquila Jr-MJ Peterson Real Estate  her Presidential Advisor.
Directors serving three year terms are: Ann Edwards-Realty Edge,  Bill Higgins-MJ Peterson Real Estate, John Kopera-Realty USA WNY and Donna Littlefield-Realty USA WNY.  One year terms as Director at Large are Peter F. Hunt-Hunt Real Estate ERA and Matthew Whitehead-Realty USA WNY.   Appointed as Regional Director is John Wallin-Nothnagle Realtors who is representing Genesee Valley and Elaine McCune-MJ Peterson Real Estate who is representing Niagara County.


Officers and Directors being sworn into office