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Home sales and prices are up, Appliance rebate program ends and UB center gets new name

From Business Today:


Home prices in the Buffalo Niagara region broke records in July, while home sales rose by 18 percent. It's a sign that the local housing market is stabilizing--and at a positive level--now that enough time has passed since the government's housing tax credits ceased. In July, 848 homes closed, compared to 721 for the same month last year. Pending sales rose by 11 percent. The average home price in July was $147,561, up from $125,000.


A rebate program designed to get more consumers buying energy efficient appliances has ended. The Buy Green, Save Green New York State High Efficiency Appliance Rebate program ended just five days after it started. The $3 million allotted to the program ran low over the weekend. Another $500,000 was added to the pot, but by Sunday afternoon, all funds were exhausted.


The University at Buffalo Center for Industrial Effectiveness has changed its name to reflect the times. Now called UB TCIE, the center provides a bridge between local businesses and the school's engineering and business resources. Officials thought the word "industrial" sounded outdated.

Who is getting hired, promoted and honored?



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