Summer is just about in full swing, and with the warmer temperatures, we have many home shoppers outside in Western New York looking to buy a house.

Home prices in Buffalo and Western New York have been on a stead increase for the last few years. According to a report issued by the Buffalo Niagara Association of Realtors, the median home sales price in the Buffalo area has increased by more than 60% since March 2020. Before the COVID-19 Pandemic, the average house in Western New York sold for $171,140, in May 2023 that average sales price has ballooned quite a bit. The most recent data available has this number pegged at $277,843.

Those large price increases have made it especially difficult for people to make a home purchase, especially First Time Homebuyers who may not have as much available cash to spend more than their budget.

Even with these increases, Western New York is still one of the most affordable places in the country to buy a house.

Now, while there are tons of programs that may be able to help you afford to buy a new house, one of the best things you can do is to That's why making sure your credit is as good as it can be is super important. Here are a few tips to help make sure your credit is in tip-top shape:

Check your Credit Report Often

According to the Consumer Finance Protection Bureau, it's estimated that more than 30% of people have errors on their credit report. Checking your credit report often can ensure that your report is accurate and that will help you with your credit score.

Try To Keep Your Credit Utilization To 30% Or Less

Your credit utilization, or the amount of credit you have used compared to how much credit you have available, is a key indicator for credit grantors about how healthy your finances are. Try to keep that amount below 30%, i.e. if you have $10,000 in available credit, don't spend more than $3,000.

Try To Pay Off Your Revolving Debt Before Installment Debt

Your revolving debt like credit cards and lines of credit typically have a higher interest rate than installment debt like car loans, so when reviewing your credit plan, shoot to pay down the higher interest debt first.

Pay Your Bills On Time, Every Time, All The Time

According to FICO, your payment history makes up the largest percentage of your credit score. Just paying your bills on time will go a long way to helping you have great credit.

Not Using Credit Isn't Necessarily A Good Thing

Not using a lot of credit, or having a thin file, means the credit granting agencies don't have a lot of history to judge your creditworthiness, which may also mean a lower credit score.

Closing Accounts Can Lower Your Score

If you have an unused account, it might make more sense to keep the account open. Closing old accounts may cause you to have less credit available to you, which in turn may increase your utilization, and higher utilization can equal a lower score.

Thanks to changes made by the Federal Trade Commission every American can check their credit report for free on a weekly basis through the end of 2023. Don't be caught off guard because knowing is half the battle.

142-203 Mahopac Avenue, Granite Springs, 10527 - Offered For Sale at $100,000,000

This 24,000-square-foot house sits on more than 700 acres of land in New York State

Gallery Credit: Ed Nice

Inside The Junior League's 2023 Decorators' Show House

The Junior League of Buffalo sponsors their 22nd Decorators' Show House. The Junior League uses the proceeds for the bi-annual event to support local non-profit organizations that are important to the Buffalo area. The 2023 Decorators' Show House occurs inside the St. Patrick's Friary House, located at 102 Seymore Street in Buffalo's Emslie/Larkinville Neighborhood. The more than 20,000 square-foot Gothic Revival-style friar house was built in 1891. This year's Decorators' Show House takes place daily from June 3, 2023, to June 24, 2023. 

Gallery Credit: Ed Nice

Here's The Ranking Of Buffalo, New York Vs Buffalo, Minnesota

Let's decide which city of Buffalo is the best.

Gallery Credit: YouTube/Getty Images/Canva

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