Rochester has started off 2012 with a great deal of promise. From The Street placing Rochester on their “10 Cities Poised for Greatness in 2012” and Home.org posting the city on their “Top 9 Real Estate Markets to Watch in 2012” lists. To ClearCapital Inc announcing Rochester as “One of the top major real estate markets to experience growth,” Rochester has been getting praise from a lot of places!
Rochester in Another Top List
Well…we did it again! Inman News has placed Rochester at #3 on it’s “10 Real Estate Markets to Watch in 2012” list. Credit was given in part to an unemployment rate that sits 1.3% lower than the national average as well as a 1.4% increase in the median sale price of a home. “Of 100 major metro areas, Rochester is one of only 22 to have regained more than half of the jobs lost between it’s pre-recession high and post recession low.” That statement was echoed in a report released by New York State Comptroller Thomas P. DiNapoli last week where Rochester is said to have regained 98% of the jobs that had been lost since the recession. Rochester was placed at first in the state! Not only above the state average but well above second place Glens Falls which has 55% and third place New York City at 52%.
With all of the great press surrounding Rochester and a great start for the housing market here in 2012. It will be exciting to see all of the great press that is still set to come our way.