Jamestown-Dunkirk-Fredonia, NY

There is no doubt that the housing market in the Jamestown-Dunkirk-Fredonia, NY metropolitan statistical area (MSA) has been on a roller coaster ride over the past few years. After reaching an all-time high in 2006, home prices in the MSA plummeted during the Great Recession and have only recently begun to rebound. Despite this volatility, there are some trends that can be observed in the MSA's housing market.

One of the most notable trends is the increasing popularity of rental properties. This is likely due to a combination of factors, including the difficulty of obtaining a mortgage and the increased flexibility that renting offers. As a result, investors have been snapping up properties in the MSA, leading to an increase in rental prices.

Another trend that has been observed is a shift away from single-family homes and towards multifamily dwellings such as apartments and condos. This is likely due to changing demographics, as more young people are choosing to live in urban areas. The MSA's proximity to Buffalo – one of New York's major cities – makes it an attractive option for those looking for an urban lifestyle without having to pay city prices.

Overall, the housing market in the Jamestown-Dunkirk-Fredonia MSA remains volatile but there are some interesting trends emerging that are worth watching.