Western New York in Top Third Rebounding from Recession
Both Buffalo and Rochester found themselves recovering from the 2008 recession better than two-thirds of the top 150 cities across the country according to this study by WalletHub. Buffalo came in 39th while Rochester made the top quarter reaching 28th. Both cities ranked better than Austin (45), New York City (50), Atlanta (51), Kansas City (72), Cleveland (81), Chicago (94), Richmond (100), Las Vegas (122), and Detroit (145).
Interestingly, Buffalo does not appear on WalletHub’s top five highest home price appreciation list despite having been found to have the highest appreciation in the nation in a similar study done by Clear Capital. Austin, TX, the second highest on the Clear Capital study, also did not find its way on the WalletHub top five.