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New York home sales fall more than 10 percent in July
New York realtors completed the sale of more than 11,700 previously owned homes in July, down 10.3 percent compared to the more than 13,000 completed sales in July 2015. That’s according to the housing-market report that the New York State Association of Realtors (NYSAR) recently issued. “The New York State housing market has been performing […]
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New York realtors completed the sale of more than 11,700 previously owned homes in July, down 10.3 percent compared to the more than 13,000 completed sales in July 2015.
That’s according to the housing-market report that the New York State Association of Realtors (NYSAR) recently issued.
“The New York State housing market has been performing at a very high level in 2016 and July was no exception despite falling short of the exceptional 2015 July sales total,” Duncan MacKenzie, CEO of NYSAR, contended in the organization’s news release. “The 11,736 closed sales represent the third-strongest July in the past decade and through the first seven months statewide sales are 11 percent ahead of the same point in 2015,” said MacKenzie.
The “persistent” decline in the number of homes available for sale is “starting to influence” the market as evidenced by the growth in selling price and the slowing of sales, he added.
“With fewer choices available, buyers are willing to pay more when they find the right home, while many more are still waiting for their dream home to come on the market,” said MacKenzie.
Sales data
July pending sales statewide were nearly unchanged at 12,223 compared to the year-ago total of 12,254.
Year to date (through July 31), New York realtors have sold more than 68,000 homes, up 11 percent from over 61,000 homes sold in the year-ago period.
The year-to-date statewide median sales price was $234,000, up 2.6 percent from the same period in 2015.
The July 2016 statewide median sales price of $255,000 was up 8.1 percent from the July 2015 median price of $236,000.
The months’ supply of inventory dropped 27 percent at the end of July to 7.2 months’ supply. That’s down from 9.9 months’ supply a year earlier.
A 6 month to 6.5 month supply is considered to be a balanced market. Inventory stood at 79,818 homes, down 18 percent from July 2015.
Central New York data
Realtors in Broome County sold 160 previously owned homes in July, up 6.7 percent from 150 a year ago, according to the NYSAR report. The median sales price fell nearly 5 percent to $106,500 from $112,000 a year ago.
In Jefferson County, realtors closed on 102 homes in July, up nearly 15 percent from 89 a year ago, and the median sales price fell almost 7 percent to $140,000 from $150,000 in July 2015, according to the NYSAR data.
The association also reports that realtors sold 184 homes in Oneida County last month, down more than 16 percent from 220 in July 2015. The median sales price rose nearly 1 percent to $125,000 from $124,200 a year ago.
Sales of previously owned homes fell 16 percent to 513 in Onondaga County in July from 611 a year earlier, and the median sales price rose nearly 2 percent to $145,750 from $143,000 a year ago, according to the NYSAR report.
All home-sales data is compiled from multiple-listing services in New York state and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
Contact Reinhardt at ereinhardt@cnybj.com
5 Tips For Success That Nobel Laureates Can Teach Us
The scientists, artists, and peacemakers who win the Nobel Prize every year are as diverse as the work that ultimately brings them to the world’s attention. That makes it a daunting task to try to glean any secrets they might have for reaching the pinnacle of achievement. Their personalities and paths to accomplishment are so
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The scientists, artists, and peacemakers who win the Nobel Prize every year are as diverse as the work that ultimately brings them to the world’s attention.
That makes it a daunting task to try to glean any secrets they might have for reaching the pinnacle of achievement.
Their personalities and paths to accomplishment are so varied that generalizations are elusive.
Though the typical laureate is from a professional or academic family, and grew up in the relative privilege of the middle class, that profile doesn’t hold true for all.
Some spent their childhood in absolute poverty, in poor health, or were on their own from an early age. Others were eccentric loners or late-bloomers.
But even if their backgrounds aren’t that revealing, there are lessons to be learned from how they pushed and challenged themselves. Ways to emulate them include the following.
Seek out good teachers/mentors
The advantages of being born into an academic family are obvious. Family friends and relatives provide intellectual stimulation and emphasize scholarship and achievement. But laureates also cite the value of finding a good mentor along the way — a teacher, boss, or patron who generously cleared the path to success and gently (or not so gently) prodded them down it.
Be a teacher/mentor yourself
“There is no better way of getting a good grasp of your subject, or one more likely to start more ideas for research, than teaching it,” said Daniel Tsui, who won the prize in physics in 1998. Many laureates, including novelist Toni Morrison, take their teaching as seriously as their award-winning work, because it allows them to share their passion with others and keeps the fire burning.
Persevere
President Jimmy Carter, who won the Nobel Peace Prize in 2002, was the first American politician to be awarded for work undertaken after his presidency. Though he failed to win a second presidential term, and many of his policies were reversed during the Reagan administration, Carter was determined to keep working on the causes that were dear to him. Groundbreakers have to be prepared for push-back. “Great discoveries are rarely made by people who are averse to risks.”
Be ready to be lucky
Many Nobel laureates have spoken of the role luck played in their discoveries and successes. Some do it with humor, some with humility. But always there is the understanding that, to be lucky, you have to recognize what you have when you see it. As Louis Pasteur said, “Fortune favors the prepared mind.”
Be passionate about what you do
Again and again, the laureates show that zeal is the key to achievement. They work very hard. They take many risks. But their work is their joy.
That final characteristic may be the most important.
That passion for their work comes close to obsession. It leads to a level of industry that’s extraordinary, a near-total immersion in their field of endeavor, and a dedication that makes their work supremely fulfilling. That may be the true secret of their success.
David Pratt is the author of “Nobel Laureates: The Secret of Their Success” (davidpratt.ca). A long-time teacher and freelance writer for scholarly and literary publications, he has published eight books.
New Syracuse CoE Labs, New Opportunities
[On Aug. 24], I was fortunate to take part in an event at the Syracuse Center of Excellence celebrating the completion of new labs to support research and development related to emerging energy technologies. Thanks to an investment from New York State, in partnership with Syracuse University and SUNY College of Environmental Science and Forestry,
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[On Aug. 24], I was fortunate to take part in an event at the Syracuse Center of Excellence celebrating the completion of new labs to support research and development related to emerging energy technologies.
Thanks to an investment from New York State, in partnership with Syracuse University and SUNY College of Environmental Science and Forestry, the region now has the ability to test, scale, and commercialize fuel cells, combined heat and power systems, bio-based fuels, hydrodynamic flow fields, and battery and energy power storage.
Our region has a strong legacy in these technologies, and a growing level of new expertise to capitalize on emerging opportunities in the industry. These labs exemplify the important role academic and research partners play in the innovation and commercialization of industries. Through our region’s distinct ability to bring together assets such as legacy industry knowledge; private and public partners; and world-class academic institutions, it is well-positioned to compete and lead in the next economy.
I look forward to seeing the incredible technologies that are developed from this facility.
Robert M. (Rob) Simpson is president and CEO of CenterState CEO, the primary economic-development organization for Central New York. This editorial is drawn and edited from the “CEO Focus” email newsletter that the organization sent to members on Aug. 25.
The Media’s Responsibility to Our Democracy
Politicians spend a good bit of their time complaining about the media. But why should they have all the fun? I’m going to join in, though I tend to get upset about different things than most sitting politicians do. You see, I don’t actually mind when journalists — whether in print, on television, or online
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Politicians spend a good bit of their time complaining about the media. But why should they have all the fun?
I’m going to join in, though I tend to get upset about different things than most sitting politicians do. You see, I don’t actually mind when journalists — whether in print, on television, or online — treat what politicians say with skepticism. That means they’re doing their jobs.
This doesn’t happen nearly as much these days as it should. A lot of journalists don’t just want to report the news, they want to be players and affect policy. As one observer said, the media is drawn to “superficiality, sensationalism, scandal, and sleaze.” They make building a consensus — the key task of the democratic process — much more difficult.
There are still really excellent journalists out there who are doing their best to serve both their profession and the country. Every day, they struggle to make sense of enormously complex events. What they understand — and what I wish more of their colleagues believed — is that democracy demands journalism that improves its workings. Properly done, journalism can help consensus emerge, improve the knowledge and judgment of voters, and sharpen the performance of public officials and government as a whole.
In the end, the democratic process is about bridging differences. This is virtually impossible without a solid base of information and analysis. Our democracy needs well-informed citizens making decisions based on facts about both policies and politicians.
This means that the model of the journalist that seems to be going out of fashion — reporters who were reasonably objective, independent of outside groups, and even independent of their company’s owners — is actually crucial to representative government. Curious, skeptical journalists who point out inconsistencies, draw attention to mistakes, call out misleading statements, and identify outright lies serve a larger purpose: they provide citizens what they need to know in order to be a good citizen, and public officials what they need in order to do their work well.
This is quite an ideal, especially in this age of economic turmoil within the media universe. But I don’t think it’s too much to hope that as the profession sorts out its future, it takes seriously its leadership role in advancing the public good, and doesn’t sacrifice its part in making representative democracy work properly.
Lee Hamilton is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU School of Global and International Studies, and professor of practice at the IU School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years, representing a district in south central Indiana.
Maybe we can make some money from the spin phenomenon. First, let’s define spin. It is the BS that spokespeople offer when they defend the indefensible. It is the crown jewel of PR, the lifeblood of politics. We see and hear a good deal of it these days. Today, we have spinmeisters, hired guns. They
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Click here to purchase a paywall bypass link for this article.
Maybe we can make some money from the spin phenomenon.
First, let’s define spin. It is the BS that spokespeople offer when they defend the indefensible. It is the crown jewel of PR, the lifeblood of politics. We see and hear a good deal of it these days.
Today, we have spinmeisters, hired guns. They are like trial lawyers who defend criminals. “My client killed his parents? Pity him. He’s a poor orphan.” Spinmeisters are paid to say anything — no matter how ridiculous. So long as it distracts, changes the subject, and swings the spotlight away from whatever mess their clients are in.
A perfect example: Voices recently rose to condemn the Clinton Foundation — from both sides of the political spectrum. It clearly is the world’s largest slush fund. It clearly peddles influence in return for fat contributions. “Shut it down!” foundation critics cry.
James Carville is a paid master spinmeister for the Clintons. His response? “Some children will die.” This is his attempt to swing that spotlight to a new topic. Poor children.
But it’s poor Carville. These days, he is charged with impossible missions — such as defending the slush fund and the emails.
Candidates from all over the world have hired him. From Afghanistan to Colombia to Argentina. Politicians everywhere will pay for spin.
Carville and many of today’s spinmeisters could write textbooks for Propaganda 101 courses in colleges. They belong in the Propaganda Hall of Fame.
Richard Nixon had henchmen who concocted lies for him during Watergate. Bill Clinton had the same to help him wriggle out of the slime of his sexual adventures. One of his spinmeisters tried to swing the spotlight onto a “vast right-wing conspiracy.”
And today, we have the likes of James Carville. (His wife Mary Matalin spins for the other side. Used to be for Republicans. Lately for Libertarians.)
Maybe we could hire these pros to help create a new app. A spin app for your smart phone. Hey, I am serious! We could make money with this.
We would load the app with the wisdom of spin from people like Carville and his wife. Cop pulls you over for doing 120 mph in a school zone. You quickly open the app and beg it for what to say to the trooper.
“Cramps in my leg. From an overdose of Viagra.”
Second choice: “Kids were just getting out of school. I was speeding to get past the school to make it safer for them.”
Hey, you should put some money into this idea. Send the check to my charitable foundation. You and I will make millions with it. Millions. Would I lie to you?
From Tom…as in Morgan.
Tom Morgan writes about political, financial and other subjects from his home near Oneonta. Several upstate radio stations carry his daily commentary, Tom Morgan’s Money Talk. Contact him at tomasinmorgan@yahoo.com

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DiNapoli: Report finds mixed job picture in upstate New York
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Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.