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 co...

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. F...