Rochester NY ranks as one of 10 cities "poised for greatness in 2012."

By
Real Estate Broker/Owner with Remax Custom

 

Diana Carter of the Democrat and Chronicle writes: A Siena College survey showed consumer confidence here is the highest in the state, and a financial news website labeled Rochester as one of 10 cities "poised for greatness in 2012."

TheStreet.com, a widely followed site, mentioned the region's job growth and stable real estate market.

 

"Sure, there are cold winters, lake-effect snow and a sky that turns gray in October and usually stays that way until April," wrote Jason Notte, a Boston-based writer. "But the city that's been shrinking since the 1960s feels downright cozy in the treat-stocked aisles of a Wegmans supermarket, over a cheeseburger-and-mac-salad garbage plate at Nick Tahou's or with a Genny Cream Ale and a rack of ribs at Dinosaur Barbecue.

 

"It's shockingly stable, and that's about the best any city can ask for in 2012."

 

Other cities on the list, all more populous than Rochester, include Chicago, Houston, Tampa, San Jose, Charlotte, Indianapolis, Austin, New Orleans and one international giant, London, which hosts the Summer Olympics this year.

 

In the Siena Research Institute survey, Rochester led the state in overall consumer confidence with an index reading of 70.7, the highest for this metropolitan area since the financial crisis in late 2008. The Flower City also topped the charts for current and future confidence.

 

The poll measures consumer intentions to spend, particularly on large-ticket items such as homes, cars, appliances and furniture.

 

“Rochester, despite Kodak’s out-of-focus picture, is more confident than any other area of the state, and along with Buffalo and Albany, the only areas in which confidence is greater today than it was this time last year,” according to Don Levy, SRI’s director.

 

Despite numbers being on the rise generally, nowhere are consumers “truly upbeat,” Levy noted. “More accurately, the new year opens on a less pessimistic note.”

 

The news follows the Rochester Business Alliance’s release on Monday of a business confidence poll showing a more upbeat — or at least cautiously optimistic — feeling about the year ahead

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Rainer
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Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Greatness in 2012 is music to my ears!  Thanks for sharing!

Jan 10, 2012 10:15 PM #1
Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Glad to hear such great things for Rochester and the state of New York.  Best you you in 2012.

Jan 10, 2012 10:23 PM #2
Rainmaker
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Mike Liess
Remax Custom - Penfield, NY

Stable is the Keyword. Rochester NY and Monroe County never saw the major appreciation other areas of the country did during the real estate boom. Houses for sale in Rochester NY during that time did increase but only by modest amounts, and although Rochester NY has been effected by the national market trends, the Rochester NY real estate market has been relatively stable.

Jan 11, 2012 06:06 PM #3
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Rainmaker
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Mike Liess

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