Buffalo ranks 40th in April’s On Numbers Economic Index. Strong home values are behind that performance. On Numbers researchers say the price of a typical home in Buffalo Niagara is up almost 7% since 2008. That’s the sharpest increase in the nation. 90 of 102 markets actually suffered declines in that same period.
A strong retail sector and a stable private sector also had an impact. Austin ranks number one in the report, which is in this week’s Business First.