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Report: Total household debt rose 1.4 percent in Q4
Newly originated mortgages reach record high Total U.S. household debt increased by $206 billion, or 1.4 percent, to 14.56 trillion in the fourth quarter of 2020, amid a sharp increase in new and refinanced mortgage loans. That’s according to the Quarterly Report on Household Debt and Credit, issued by the Federal Reserve Bank of New York’s Center for […]
Lewis County Economic Development seeks developer for Lyons Falls property
LYONS FALLS, N.Y. — Lewis County Economic Development on March 1 said it is looking for people or companies interested in acquiring and redeveloping a 46-acre former industrial property at 3823 Marmon Road in Lyons Falls. The property is located adjacent to an active paper mill and the Moose River and sits just outside the
Downtown Utica MVHS hospital to get new name after $50 million donation from casino mogul
UTICA, N.Y. — Casino magnate Steve Wynn’s family foundation has donated $50 million to the Mohawk Valley Health System (MVHS) for services at the upcoming
Construction begins on $854M transmission project between Mohawk Valley and Capital Region
MARCY, N.Y. — Construction is underway on a $854 million project to upgrade energy transmission along 93-mile, 345-kilovolt (kV) line in the Mohawk Valley and
FAA selects Syracuse airport, four others to test, evaluate drone-mitigation technology
SYRACUSE, N.Y. — The Federal Aviation Administration (FAA) has chosen Syracuse Hancock International Airport (SYR) and four others for the FAA’s UAS detection and mitigation
New York closed, pending home sales jump in January
ALBANY, N.Y. — The hot residential-housing market in the state did not cool off in the first month of the new year, despite a lack of inventory. New York realtors sold 11,153 previously owned homes in January, up 16.7 percent from 9,557 homes sold in January 2020. And pending sales in January climbed nearly 23
The February 2021 Zumper National Rent Report found the median rental price for most apartments in the Syracuse metro area was up just over 1 percent compared to the previous month, but up 5 percent from the year-prior month. The median rental price of one-bedroom apartments in the Syracuse region was $840 in the latest month, up
Rehabilitation commercial tax credit spurs 150 area projects since 2011
Project managers have sought the use of New York’s rehabilitation commercial tax credit in 150 projects in four upstate New York regions since 2011. That includes 43 projects that cost more than $401 million in Central New York, 21 projects costing nearly $49 million in the Mohawk Valley, 38 projects costing more than $121 million in the
Matte Black Lounges to test lounge venue at Syracuse airport
SYRACUSE, N.Y. — Matte Black Lounges has chosen Syracuse Hancock International Airport (SYR) for a special 10-day offering of its lounge venue. The 10-day test
WellNow to open new urgent-care clinic on Syracuse’s east side
SYRACUSE, N.Y. — WellNow Urgent Care, which operates locations across upstate New York, says it will open its newest clinic in Syracuse on Wednesday. The
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