UpdatedTue, Jan 26, 2021 at 2:26 pm ET
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Nassau County reported a $575,000 median home price in 2020. (Shutterstock)
LONG ISLAND, NY Long Island home prices hit historic highs in 2020, which is great news for real estate agents and people selling their homes, but not so much for prospective home buyers.
The median sale price for homes on Long Island in 2020 was $515,000, up from $475,000 in 2019, according to OneKey MLS, the largest real estate listing service in New York. It was the first time in the more than 40-year history of the service that the median sale price for Long Island homes topped $500,000. The data includes home sales in Nassau County, Suffolk County and Queens.
At 5 a.m., I’m awoken by the bell and roll over to turn on my light so the corrections officer can see that I’m alive. After the C.O. finishes the morning count, I start getting ready for work. My cell opens around 6:40 a.m., and I make my way up a steep set of stairs to the mess hall for a breakfast that consists of lukewarm, lumpy oatmeal and toast. Then it’s out the main building to the warehouse to start my day at the tailor shop. With its gray concrete walls and giant, industrial-size windows, the place gives me the feeling that this institution has been here for a long time and will be here long after I’m gone.
As NYC Staggers On, Cost to Lives and Livelihoods Keeps Rising In New York, getting back to normal might not be so easy. This year, the city’s businesses may add back fewer than 30 percent of the jobs cut in 2020. Bloomberg | Jan 15, 2021
(Bloomberg) Times Square is quiet, Broadway is dark, offices are empty.
As New York City staggers though January, the cost of this pandemic, both in lives and livelihoods, just keeps rising.
Caseloads remain stubbornly high, and the numbers look daunting. Unemployment in the Bronx, poorest of the five boroughs, is hovering around 16%. Across New York, the number of visitors is expected to reach just over half its pre-pandemic heights. A third of the city’s 230,000 neighborhood businesses might not make it until vaccines become widely available.
Albany airport names new board leader
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Sam Fresina, president-elect of the New York State Professional Fire Fighters Association, speaks at the Troy Central Fire House on Monday, Aug. 8, 2016 in Troy, N.Y. (Eliza Mineaux/Special to the Times Union)Eliza Mineaux
COLONIE - Albany International Airport announced Thursday that Samuel Fresina has been named chairman of the Albany County Airport Authority, which oversees the airport s operations.
Fresina is president of the New York State Professional Fire Fighters Association and has been on the airport authority board since 2017. He succeeds the Rev. Kenneth Doyle, whose term as chairman expired on Dec. 31.