Statement from Governor Andrew M. Cuomo on Rochester's Ranking as No. 1 Real Estate Market in the Nation
"With record low unemployment rates, lower state and corporate taxes across the board and key improvements that have further transformed Rochester into an engine of innovation, it's no surprise the Flower City's real estate market is currently ranked first in America.
"We've made historic investments in Upstate communities like Rochester during the last nine years, focusing on industries that create jobs and infrastructure that fosters growth. Now, for the first time in a very long time these communities are seeing their young people stay, return and put down roots.
"In Rochester, these investments helped with the acceleration of the region's photonics industry, revitalized its downtown, its waterfront and cultural institutions such as the Strong Museum of Play, and helped attract exciting new job-creating businesses like Datto and Live Tiles.
"As a result of this investments, the number of millennials in Monroe County increased more than 15 percent between 2010 and 2017, after dropping more than 6 percent during the previous decade.
"This exciting news about Rochester's white hot real estate market demonstrates once again that New York's economic strategy is working and is fostering continued growth in this region and across this great state."