Chamber, GBAR, STHBRA Talk Real Estate

We met with the Greater Binghamton Association of Realtors (GBAR) and the Southern Tier Home Builders & Remodelers Association (STHBRA) to discuss our current housing stock, barriers to update residential homes, and the costs associated with developing new homes.

 

Homes in Broome County are reasonably priced, however the cost of property taxes and school taxes are some of the highest in the nation. Also many of the homes are very dated and have not been updated in a number of years. It was astounding to hear how hard and expensive it is for home buyers to update their homes, and also to build new construction due to regulations, taxes and mandates enforced by New York State.

 

If you are interested in hearing more about this issue and how the Chamber might get involved, click here to attend our next Eggs & Issues on Friday, August 4th.

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