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Rochester has the second-highest gap in homeownership rates across races in the country, a new report shows. When measuring homeownership rates in the 50 largest metro areas nationwide , Apartment List found that in Rochester 70.1 percent of white households own their homes, compared with 21.2 percent for black households, 35.6 percent for Hispanic households and 48 percent for Asian households. Rochester’s 37. 1 percent average gap in homeownership rates across races was second behind Buffalo, where the gap is 40.5 percent. In Buffalo, the white homeownership rate is 67.8 percent, while the average homeownership rate across minority races is just 27.3 percent, according to the report. Utilizing data from the U.S. Census Bureau, Apartment List also found that Rochester is the third least diverse metro of the nation’s 50 largest metropolitan areas . On a national level, the report found that 64.4 percent of white households are homeowners, compared with 54 percent of Asian house...

Pamper Yourself with a San Antonio Vacation Home San Antonio is a cultural hub in South Texas, and it is one of the largest cities in the second largest state in the country. It is rich in history, and the historic ambiance of the city is combined with modern appeal and attractions to give you a truly amazing place to visit. There are some lovely vacation homes located in San Antonio, and these give you a picture-perfect place to rest and relax while you explore all that the San Antonio area has to offer. With a closer look at the homes, you may discover that they have a garage, a fenced yard, a kitchen and other amenities that will help you to feel right at home during your stay. Attractions When you stay in your South Texas vacation home , you will love the fact that you are located in the heart of one of the largest metropolitan areas in the state, and this is because there is so much to see and do. The Riverwalk, located in the heart of the city, is among the top destinations t...

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

Competition for housing is soaring, affordability is weakening and the U.S. housing recovery is grinding to a crawl — and, in large part, the baby boom generation is to blame. No, they're not doing anything immoral or illegal; in fact, they're not doing anything at all, and that is precisely the problem. They're not moving. Baby boomers, the enormous group born between 1946 and 1964, are staying in their big suburban homes far longer than previous generations did at this age, and that is having repercussions down the housing supply line . If baby boomers don 't downsize out of big suburban homes , younger buyers eager to upsize, especially in this improving economy, can't find a home to buy. As the competition from young millennials heats up at the entry level, the logjam at the top of the market only heats that competition and pushes prices ever higher and out of reach. So, why don't boomers move? Some if it is because their empty nests have filled back u...

How plunging oil prices are reversing fortunes across Texas. Read all the stories in this series. MIDLAND — Thousands have been laid off. Tax collections are plummeting. Many are on the brink of homelessness.   Rows of drilling rigs and white company trucks sit idle — there’s no telling for how long. And, yet, amid the worst oil bust in decades, the energy capital of West Texas hasn ’t slowed down much. Several oil companies have recently built  office complexes in the area, and drilling continues , albeit at a more sluggish pace. The city plans to build a new convention center, and construction of a municipal courthouse is underway. Several more hotels, apartment complexes and eateries are expected to open   this year, and a second H-E-B grocery store just came online . "For hire" signs are ample, road crews prolific . And people still complain about the traffic. “People from the outside come in expecting to see boarded-up windows, 'for sale' signs everywhere,...