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Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit

Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit

by Phil Hall | Mar 20, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Buffalo Mayor Sean Ryan is warning city residents that they could soon face a 25% property tax hike. WIVB reports the upstate New York city faces an estimated $109 million deficit, with significant gaps in resources. “We’re down about 50% of the garbage trucks we...
Buffalo Council Approves 8% Property Tax Hike

Buffalo Council Approves 8% Property Tax Hike

by Phil Hall | May 28, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Common Council in Buffalo, New York, voted 6-2 to pass an amended $622 million city budget that includes Acting Mayor Christopher Scanlon’s proposed 8% property tax increase. WGRZ reports the budget increases municipal spending by 1%. The budget also...
Zillow’s Prediction for the Hottest Major Housing Market Is…

Zillow’s Prediction for the Hottest Major Housing Market Is…

by Phil Hall | Jan 7, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyers in search of a hot housing market are being advised to shuffle off to Buffalo – Zillow (NASDAQ: Z, ZG) has named the upstate New York city as its hottest major housing market for 2025. This is the second straight year that Zillow has praised Buffalo’s...
Zillow’s Prediction for the Hottest Major Housing Market Is…

Zillow’s Hottest Housing Market for 2024 Is…

by Phil Hall | Jan 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) has released its rankings of the hottest housing markets for 2024, with the lower-cost markets of the Great Lakes, Midwest and South the list. In a study of the nation’s 50 most populous metros, Zillow chose Buffalo, New York as the year’s...
Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

Tim Gallagher Named Head of Commercial Real Estate at M&T Bank

by Phil Hall | Jun 28, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Buffalo, New York-headquartered M&T Bank (NYSE:MTB) has recruited Tim Gallagher to become head of commercial real estate. Gallagher joins M&T from Slate Asset Management, where he was managing director. Gallagher also held managing director positions at Annaly...

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