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Median home prices inch higher as inventory remains low
New listings fell, closed sales fell, the months supply of homes fell and the median sales price rose. That’s the quick-hit synopsis of activity for May in Monroe County from the New York State Association of Realtors report released today. In other words, it’s status quo. New listings dipped year-over-year by 3.4 percent (to 1,275) […]
Area construction employment growth highest in state for April
Rochester-area employment in construction-related fields in April experienced year-over-year growth of 10 percent, the largest jump among 15 metro markets in New York State. There were 2,000 more construction workers last month than in April 2018, which boosted the total in Rochester to 21,700, according to an analysis of federal employment data by Associated General […]
Report: Rochester continues to lose residents
The city of Rochester has lost nearly 4,300 residents since 2010, new data from the U.S. Census Bureau shows. The American FactFinder annual estimates of resident population estimated 206,284 residents in the city of Rochester last year, compared with 210,565 in 2010. The only year in the last decade with population growth in the city […]
Reimagine the Erie Canal gets task force, new goals
More than two centuries after the first shovels hit the ground to build a 363-mile channel connecting the East Coast to areas in the Midwest, Gov. Andrew Cuomo is launching a major initiative to explore the reimagining of the Erie Canal as a catalyst for economic growth. The sweeping initiative will examine ways in which […]
Rochester’s budget: More body cameras, slightly higher cost for homeowners
Mayor Lovely Warren’s proposed $552 million spending plan for fiscal year 2019-20 will cost the typical Rochester homeowner $49.56 more a year but closes to zero the $38.7 million gap faced when the budgeting process began. The city also said a typical business (with an assessed property value of $285,200) will pay $450 less during […]
Local food and sustainability now hallmarks of UR dining program
One thing Cam Schauf knows after decades of running dining services at the University of Rochester: don’t change things up too much in April or May. This high-stress period at the end of second semester is not the time to experiment at the expense of comfort food offerings. “I’ve had some students come in on Steak Night […]
Nationwide Precision Products to close in August
Nationwide Precision Products, a Henrietta-based machining manufacturer that opened for business in 1965, will close in late summer and lay off all 50 employees. A Worker Adjustment and Retraining Notification (WARN) posting says layoffs will begin on Aug. 1. The firm’s machining capabilities focus on small precision parts, ranging from screw type to large prismatic […]
No tax-break repercussions for Frontier after layoffs in Henrietta
While 350 new jobs were tied to a 2015 Frontier Communications expansion project that received a tax break from Monroe County, there was no requirement that any or all of those employees be retained for any specified length of time. Thus, Frontier faces no repayment repercussions after announcing on Wednesday that 280 employees would be […]
RIT’s Munson discusses joys, challenges of his time in Rochester so far
Rochester Institute of Technology, with its more than 19,000 students and focus on career-minded majors and job creation, is the fifth-largest employer in the Rochester area. Locally the university employs 4,123 people with the vast majority of those in full-time jobs. RBJ Reporter Diana Louise Carter and Editor Ben Jacobs sat down in March with […]
Rochester posts largest percentage gain in year-over-year construction hiring
Construction employment in the Rochester area increased by 10.2 percent year over year, the largest percentage increase posted in the state’s 15 metropolitan statistical areas. There were 20,600 construction jobs in Rochester in March, up 1,900 from March of 2018, according to Department of Labor data from state and federal surveys. That’s the most people […]
CallVista’s impending closing means 75 more jobs lost in Henrietta
The expiration of a lease and an overabundance of staff members at other call centers has prompted the closing of a Henrietta-based business, meaning 75 employees will be looking for jobs. CallVista, a call center working exclusively with Internet-based marketing clientele, will close on July 15. No jobs at CallVista will be retained but employees can […]
Realtors report: Buyer demand still strong when the right house is available
Despite a continuing shortage of homes on the market, buyer demand remained strong in the first quarter of 2019, according to the latest Marketwatch Report by the Greater Rochester Association of Realtors (GRAR). Available homes for sale in the region fell 10.1 percent to 2,642, while closed sales fell 9.3 percent to 850. The area […]
