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New York home sales slip nearly 5 percent in November 2024
ALBANY — New York realtors closed on the sale of 8,660 previously owned homes in November 2024, a decline of 4.6 percent from the 9,079 homes they sold in November 2023. However, pending sales rose almost 4 percent in the 11th month of 2024, which could foreshadow increases in closed home sales in the next […]
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ALBANY — New York realtors closed on the sale of 8,660 previously owned homes in November 2024, a decline of 4.6 percent from the 9,079 homes they sold in November 2023.
However, pending sales rose almost 4 percent in the 11th month of 2024, which could foreshadow increases in closed home sales in the next couple of months. That’s according to the November housing report that the New York State Association of Realtors (NYSAR) issued on Dec. 19.
“Inventory of homes for sale across New York State dropped to the lowest point since March while interest rates continue to inch closer to seven percent,” NYSAR said to open its housing report.
NYSAR cites Freddie Mac as indicating interest rates in November “climbed once again,” averaging out to 6.81 percent on a 30-year fixed-rate mortgage. That’s nearly a half point higher than the 6.43 percentage rate in October, yet still lower than November 2023, when rates were standing at 7.44 percent.
Pending home sales in New York state totaled 7,874 in November 2024, an increase of 3.6 percent from the 7,602 pending sales in the same month in 2023, according to the NYSAR data.
The total inventory of homes for sale in the Empire State totaled 26,152 in November 2024, down 11.3 percent from 29,499 in the year-prior month.
New listings of homes for sale also fell in the second to last month of 2024, slipping 8.6 percent to 8,455 from 9,252 in November 2023.
The months’ supply of homes for sale at the end of November 2024 stood at 2.9 months, down about 12 percent from the 3.3 months of supply a year earlier, per NYSAR’s report. A 6-month to 6.5-month supply is considered a balanced market, the association stipulates.
With such tight inventory, home prices continued to rise precipitously. The statewide median sales price in New York state jumped 9.5 percent to $405,000 in November 2024, compared to the November 2023 median sales price of $370,000.
All home-sales data is compiled from multiple-listing services in New York, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
OPINION: The Mainstream Media’s Heyday is Over for Good
Independent press and citizens take the lead in reporting the truth The election of President Donald J. Trump eight years ago after an election season riddled with false narratives that he was “unelectable” caused a radical shift in the way Americans view the objectivity of the press. During and after Trump’s first term, the press
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The election of President Donald J. Trump eight years ago after an election season riddled with false narratives that he was “unelectable” caused a radical shift in the way Americans view the objectivity of the press.
During and after Trump’s first term, the press continued to vilify the president to such a degree that even moderates and independents lost trust in the media’s objectivity.
For many Americans, seeing the mainstream media’s blatant bias against Trump was the impetus for them to begin looking into alternative news — and views — and scrapping their allegiance to the mainstream media and the mainstream political system.
Four years after Trump won the presidency the first time, a slew of misinformation about the coronavirus further deteriorated public trust in the mainstream media.
Then, mid-election this year, the public learned that President Joe Biden was in fact, not well enough to run for reelection — and by the looks of it hadn’t been well enough to run the country for months at minimum.
The press, it seems, had managed to keep Biden’s deteriorating health hidden from a majority of Americans until a politically opportune moment when they unveiled Biden’s successor, Kamala Harris. However, that strategy proved to be a failing one.
Eight years after Trump entered the political scene, he won a sweeping victory in 2024 with the popular vote on his side for the first time for a Republican candidate in 20 years, despite the barrage of mainstream polls and press coverage alleging that Americans wouldn’t elect Trump twice.
Trust in the mainstream media as an objective source of truth is deeply broken. Ratings for MSNBC and CNN have plummeted in the weeks following Trump’s decisive victory on election day. MSNBC’s prime-time ratings have fallen by half compared to pre-election numbers.
American’s trust in mainstream media is at a record low, according to multiple reports. A YouGov poll released [recently] finds a mere 8 percent of Americans strongly agree the media “generally acts in the best interests of Americans.” The poll shows Americans say by a margin of 23 points — 58 percent to 35 percent — the media does not generally act in the best interests of Americans.
The media is third from the bottom out of 23 industries that Americans were asked to rank, with only the tobacco and gambling industries ranking lower. Yes, Americans think less of the news media than they do of the pharmaceutical, advertising, and social media industries.
This was far from always true. According to Gallup’s tracker of public trust in the media going back to the 1970s, public trust has eroded decade by decade. In 1976, the data shows 76 percent of Americans had a good or fair amount of trust in the media, but that is now down to just 31 percent, the lowest number on record for Gallup. The second lowest number on record for public trust in the media was 32 percent — right after Trump won the 2016 election, despite the mainstream media hailstorm against him.
Without the mainstream media, where will Americans turn for news? Many Americans largely tune out the mainstream news networks and newspapers, especially when they consistently come up wrong or blatantly biased against alternative views.
This has given rise to a slew of independent online journals and magazines, as well as a web of influential podcasters and commentators.
The rise of independent voices on platforms like YouTube, TikTok, X, and Truth Social alone presents a huge challenge to mainstream news networks, but they sealed their own fate of descending into obscurity with their blatant disregard for the truth.
Bill Wilson was a founding board member and former president of Americans for Limited Government (ALG), a conservative 501(c)(4) nonprofit organization that says it is dedicated to restoring constitutionally limited government, allowing individuals to pursue life, liberty, and happiness. This article is drawn from ALG’s Daily Torch publication.
OPINION: Constitutional checks & balances were made for this moment
Donald Trump will return to office [on Jan. 20], and his plans and policies for his second term are dominating the news. It’s a good time to remind ourselves that we have elected a president, not a king. We can thank the Founding Fathers for that. The president of the United States has enormous power,
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Donald Trump will return to office [on Jan. 20], and his plans and policies for his second term are dominating the news. It’s a good time to remind ourselves that we have elected a president, not a king. We can thank the Founding Fathers for that.
The president of the United States has enormous power, but it is not unlimited. The Constitution establishes a system of separation of powers, delegating the executive authority to the president, the legislative to the Congress, and the judicial to the Supreme Court and lower courts.
It also includes checks and balances to ensure that no branch becomes too powerful. Presidents can veto legislation that they don’t agree with; Congress can override the veto with a two-thirds vote by the House and Senate. Federal courts can declare laws unconstitutional. If presidents get truly out of line, they can be impeached and removed from office.
America’s founders were especially suspicious of executive power. The new nation was born out of a revolution inspired by resentment of that kind of authority. The Declaration of Independence lists 27 grievances against King George III, accusing him of “repeated injuries and usurpations” and a pattern of “absolute tyranny.” The founders didn’t want to replace one tyrant with another.
Article II of the Constitution says the president can make treaties and appoint all “officers of the United States,” but only with the advice and consent of the Senate. In practice, that means Trump’s choices for cabinet secretaries and other top government positions need to be vetted by Senate committees and confirmed by a majority of the Senate.
Trump, of course, hasn’t shown much interest in the niceties of shared governance. With his background as a private-sector dealmaker, he’s used to doing what he wants. Many of his proposed appointments suggest he values personal loyalty over qualifications and experience.
Fortunately, some members of Congress, both Republicans and Democrats, have pushed back. Trump did win the election, and he deserves a degree of deference in assembling his administration. But that doesn’t mean Congress should look the other way when there are obvious problems. Some historians argue that Trump is exactly the kind of demagogue the founders were most concerned about when they imposed limits on presidential power.
Over time, many of those limits have weakened as American presidents assumed more authority. Franklin Delano Roosevelt was elected an unprecedented four times and greatly expanded the federal government in response to the Great Depression and World War II. The rising importance of foreign affairs has kept presidents at center stage for decades. We live in the era of what the historian Arthur Schlesinger called the imperial presidency.
It’s not surprising that presidents grab power if it’s available. In my view, however, it’s unfortunate when Congress lets this happen. Yes, America needs a strong president; but we also need a Congress that will accept the responsibility the Constitution gives it. Congress, after all, is the branch of government that is closest to the people. Its members are accountable to the voters of their districts and states.
James Madison wrote that “the accumulation of all powers … in the same hands, whether of one, a few, or many, and whether hereditary, self–appointed, or elective, may justly be pronounced the very definition of tyranny.” As Trump takes office and tries to implement some of his more extreme campaign promises, we should look to Congress to maintain balance.
Lee Hamilton, 93, is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU Hamilton Lugar School of Global and International Studies, and professor of practice at the IU O’Neill School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years (1965-1999), representing a district in south-central Indiana.
Entrepreneur Jeff Knauss set to be youngest Crystal Ball honoree
SYRACUSE — The 48th recipient of the annual Crystal Ball Award from the Central New York Sales & Marketing Executives (CNYSME) will be the youngest person yet to be bestowed this honor. CNYSME selected Jeff Knauss, 38, a serial entrepreneur and angel investor who lives in Skaneateles. CNYSME will present the award to Knauss during
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SYRACUSE — The 48th recipient of the annual Crystal Ball Award from the Central New York Sales & Marketing Executives (CNYSME) will be the youngest person yet to be bestowed this honor.
CNYSME selected Jeff Knauss, 38, a serial entrepreneur and angel investor who lives in Skaneateles.
CNYSME will present the award to Knauss during the Crystal Ball and Sales & Marketing Excellence Awards event, which is set for Thursday, May 15, 2025, at the Marriott Syracuse Downtown.
Described as an “enduring symbol of the organization’s mission,” the Crystal Ball is awarded annually by CNYSME to a CEO, president, or director of a Central New York business in recognition of their contributions to the sales and marketing profession and for their endeavors in the areas of community development and support.
Knauss started as the CEO and co-founder of Digital Hyve, a Syracuse–based digital-marketing firm. He is currently a partner and investor in 13 businesses ranging from various startups focused on medical research, professional networking, mobile-payment apps, commercial real estate, three restaurants (Hidden Fish, Clover’s, and XO Taco), diversity recruitment, and e-commerce.
Knauss tells CNYBJ that he was both “surprised and extremely honored” when told CNYSME had selected him as the Crystal Ball Award recipient, adding that it “feels surreal.”
“The incredible people who have won before me. I know the prestige that this award carries and the level of excellence that the people that have been awarded in the past rise to,” he says in a Dec. 20 phone interview. “Many of them are my friends, and many of them came before me and have built incredible things in Central New York”
When Knauss first moved to Central New York from the Finger Lakes area, he didn’t know anyone. He started working at CNY Central (the branded name of TV stations WTVH-5, WSTM, and CW6) and part of his job was to get to know people, he says. The first organization that he joined was CNYSME. Knauss worked on the group’s committees and served on its board of directors for a few years, and even helped with past Crystal Ball Award efforts.
And as he noted in the CNYBJ interview, “to have it all come full circle is pretty cool.”
Knauss also tells CNYBJ that he’s been working on an artificial intelligence (AI)-based project that will be launching early in 2025. “It’s been what I’ve been obsessing over for the last year,” he notes.
In the CNYSME announcement, Knauss discussed his philosophy and perspective on entrepreneurship.
“Entrepreneurship isn’t just about growing businesses — it’s about uplifting those around you, fostering innovation, and giving back to the communities that support us. This award is a reflection of the collective effort of every team, mentor, and partner I’ve been lucky enough to have had along the way. I’m proud to be part of a region that embraces entrepreneurship and philanthropy so deeply, and I’m committed to using this recognition to further those ideals,” he said.
CNYSME’s leader lauded Knauss for personifying what the Crystal Ball Award is all about.
“Jeff embodies everything the Crystal Ball Award represents. Not only his contributions to the sales and marketing community throughout Upstate New York, but to his relentless dedication to philanthropy and giving back,” Charles Harkola, president of CNYSME, said in the organization’s announcement. “He is a premier example of what leaders can and should aspire to and we’re excited to present him this year’s Crystal Ball.”
In addition to the Crystal Ball, local companies will award Sales and Marketing Excellence Awards to their top performing sales and marketing professionals within their organizations. Proceeds from the event will go toward Jeff Knauss’s charity of choice, South Side Community Growth Foundation, as well as scholarships to local students pursuing education in the sales and marketing fields, CNYSME said.
Oneida County hotel business benchmarks improve in November
UTICA — Oneida County hotels enjoyed a strong month in November, as three key indicators of business performance improved. The hotel-occupancy rate (rooms sold as a percentage of rooms available) edged up 2.2 percent to 56.3 percent in the 11th month of 2024 compared to the year-prior month, according to a report from STR, a
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UTICA — Oneida County hotels enjoyed a strong month in November, as three key indicators of business performance improved.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) edged up 2.2 percent to 56.3 percent in the 11th month of 2024 compared to the year-prior month, according to a report from STR, a Tennessee–based hotel-market data and analytics company. Year to date, occupancy was unchanged at 61.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 7.3 percent to $75.63 in November 2024 in the Mohawk Valley’s largest county versus November 2023. Through the first 11 months of 2024, RevPar gained 5.9 percent to $88.38.
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 5 percent to $134.39 in Oneida County in November 2024, compared to the same month a year earlier. Through Nov. 30, 2024, ADR had increased 5.9 percent to $142.75.
Jefferson County hotels post business gains in November
WATERTOWN — Jefferson County hotels again registered robust improvement in three important indicators of hotel-business performance in November, following up solid gains in October, September, and August. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s most populous county rose 4.2 percent to 47.1 percent in the 11th month
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WATERTOWN — Jefferson County hotels again registered robust improvement in three important indicators of hotel-business performance in November, following up solid gains in October, September, and August.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s most populous county rose 4.2 percent to 47.1 percent in the 11th month of the year from November 2023, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, hotel occupancy was up 2.7 percent to 54.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 8.3 percent in Jefferson County to $51.24 in November, compared to the year-prior month. Through Nov. 30, 2024, RevPar was up 7.5 percent to $66.41.
The average daily rate (ADR), which represents the average rental rate for a sold room, climbed 3.9 percent to $108.86 in November from the same month in 2023, per STR. Through the first 11 months of 2024, ADR went up 4.6 percent to $121.96 in the county.
Broome County hotels see a strong month of business in November
BINGHAMTON — Broome County hotels registered an increase in occupancy in November, as two other key indicators of business performance also improved during the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 11.6 percent to 60.9 percent in the 11th month of 2024, compared to November 2023,
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BINGHAMTON — Broome County hotels registered an increase in occupancy in November, as two other key indicators of business performance also improved during the month.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 11.6 percent to 60.9 percent in the 11th month of 2024, compared to November 2023, according to a report from STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy is up 2.4 percent to 61.6 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, jumped 17.5 percent to $67.02 in November versus the year-prior month. Through the first 11 months of this year, RevPar was higher by 8.4 percent to $74.04.
The average daily rate (ADR), which represents the average rental rate for a sold room, increased 5.3 percent to $110.12 in the county this November, compared to the same month a year ago. Through Nov. 30, ADR had gained 5.8 percent to $120.11.
ConMed to pay dividend for 2024 Q4 in early January
ConMed Corp. (NYSE: CNMD), a surgical-device maker with roots in the Utica region, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the fourth quarter of 2024. The dividend is payable on Jan. 3, to all shareholders of record as of Dec. 20. At the
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ConMed Corp. (NYSE: CNMD), a surgical-device maker with roots in the Utica region, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the fourth quarter of 2024.
The dividend is payable on Jan. 3, to all shareholders of record as of Dec. 20. At the company’s current stock price, the payment yields about 1.2 percent on an annual basis.
ConMed is a medical technology company that provides devices and equipment for minimally invasive surgical procedures. The firm’s products are used by surgeons and other health-care professionals in a variety of specialties, including orthopedics, general surgery, gynecology, thoracic surgery, and gastroenterology.
Headquartered in Largo, Florida since 2021, ConMed still operates a facility in New Hartford, where it was formerly headquartered.
Cayuga Medical Center honored for maternity care program
ITHACA — Excellus BlueCross BlueShield recently recognized Cayuga Medical Center in Ithaca with a Blue Distinction for Maternity Care under the Blue Distinction Specialty Care Program. The distinction is given to organizations that demonstrate quality care, treatment expertise, and better overall patient results in certain specialties. Cayuga’s distinction for maternity care demonstrates the expertise and
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ITHACA — Excellus BlueCross BlueShield recently recognized Cayuga Medical Center in Ithaca with a Blue Distinction for Maternity Care under the Blue Distinction Specialty Care Program.
The distinction is given to organizations that demonstrate quality care, treatment expertise, and better overall patient results in certain specialties. Cayuga’s distinction for maternity care demonstrates the expertise and commitment to quality care for vaginal and cesarean-section deliveries.
“I am deeply humbled by the expertise, dedication, and compassion demonstrated by our entire team,” Cayuga Medical Center’s Director of Maternal Child Health Brenda Lange said in a news release announcing the honor. “Their constant commitment to going above and beyond ensures that our patients receive the highest standard of safe, quality care.”
Organizations with the Blue Distinction for Maternal Care have lower episiotomies, fewer elective deliveries, and lower cesarean births. Research shows that compared to other facilities, those designated as Blue Distinction Centers demonstrate better quality and improved outcomes for patients.
Cayuga Health operates Cayuga Medical Center in Ithaca, Schuyler Hospital in Montour Falls, and Cayuga Medical Associates and employs more than 3,100 people. It is clinically affiliated with Mayo Medical Laboratories, Rochester Regional Health for cardiac services, and the University of Rochester for neurosciences.
Destiny USA closed temporarily Friday for security concern, reopened after arrest
SYRACUSE, N.Y. — Destiny USA was closed to the public for most of the day on Friday, Dec. 27 as the Syracuse Police, New York
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