Chemung
Real Estate
Big Flats retirement community plans addition of 24 cottages for seniors ready to downsize
Retirement Estates off Sing Sing Road in the Town of Big Flats has a motto, "The Lifestyle You Deserve," and now the community is planning to make that statement even more inclusive. Retirement Estates, a 52-acre campus with 149 owner-occupied manufactured homes for residents 55 and up, plans to add...
Homebuying in 2024: Are Discount Points Worth the Cost?
Stacey Sickler, Director of Residential Mortgage Lending at C&N, shares her insight on homebuyers turning to discount points. When compared to previous years, 2023 mortgage rates skyrocketed, making homebuying difficult or even out of reach for some. In an attempt to alleviate this challenge, many homebuyers turned to discount points, which essentially means they paid extra money upfront to lower their interest rate. Think of it like a VIP pass to a lower monthly payment. Sounds good, right?
Homes in Chemung County sold for lower prices recently: See how much here
Newly released data from Realtor.com for January shows that potential buyers and sellers in Chemung County saw houses sell for lower than the previous month's median sale price of $144,000. The median home sold for $100,400, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was down 30.3% from December. ...
Homebuying in 2024: Are Discount Points Worth the Cost?
Stacey Sickler, Director of Residential Mortgage Lending at C&N, shares her insight on homebuyers turning to discount points. When compared to previous years, 2023 mortgage rates skyrocketed, making homebuying difficult or even out of reach for some. In an attempt to alleviate this challenge, many homebuyers turned to discount points, which essentially means they paid extra money upfront to lower their interest rate. Think of it like a VIP pass to a lower monthly payment. Sounds good, right?
People from these metros are looking to buy homes in Elmira
(Stacker) — Home prices are largely starting to normalize across the country, but remain high, as the number of homes for sale continues to decline. The median listing price in Elmira was $146,400 in December 2023, a -12.1% change from the year before. Record-high mortgage rates are keeping homes largely unaffordable for most buyers. Even […]
Chemung County home listings take big jump in March. See the current median price here
The median home in Chemung County listed for $174,950 in March, up 19.5% from the previous month's $146,450, an analysis of data from Realtor.com shows. Compared to March 2023, the median home list price increased 18% from $148,325. The statistics in this article only pertain to houses listed for sale...
New affordable housing complex in downtown Elmira is now open. Here's what to know
The first of four ambitious projects to turn vacant but historic buildings in Elmira into affordable housing is ready for tenants. Local officials gathered Thursday afternoon for a ribbon-cutting ceremony to mark the opening of "The Apartments" at 406 E. Church St., part of a $20 million project by Arbor Housing and Development to convert four long-abandoned sites into 41 units of affordable housing around downtown Elmira.
Homes in Chemung County sold for higher prices recently: See how much here
Newly released data for December shows that potential buyers and sellers in Chemung County saw houses sell for higher than the previous month's median sale price of $125,950. The median home sold for $144,000, an analysis of data from Realtor.com shows. That means December, the most recent month for which figures are available, was up 14.3% from November.
Reynold’s Way Apartments complete after more than two years of construction
ELMIRA, N.Y. (WETM) — New tenants will soon be moving into 41 apartments in downtown Elmira after a ribbon-cutting ceremony announced the first building’s completion on Thursday afternoon. A group of people from the City of Elmira, the Chamber of Commerce, Arbor Housing and Development, and more stood on the steps of 406 E. Church […]
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