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Business Report: lack of inventory continues to impact the local housing market

In the latest WXXI Business Report, we hear about the latest numbers on sales of existing homes from the New York State Association of Realtors.

They show a trend that has been seen in Rochester, statewide, and across the country, with a lack of inventory affecting home sales, while buyer demand for homes is strong.

Also, expansion of a Wayne County company, Pace Electronics, which is adding jobs.

And Greenlight Networks, the Rochester-based internet provider, expands into the Binghamton area.

Randy Gorbman is WXXI's director of news and public affairs. Randy manages the day-to-day operations of WXXI News on radio, television, and online.