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Local News

A Weak But Moving Housing Market


We’re starting to see some more encouraging local numbers in the real estate market. Foreclosures are going down, but we're not out of the woods yet. Kip Lohr with Lohr Real Estate specializes in short sales, gives us his take on the upcoming year. “Well, I'd love to tell you I see good news on the horizon. But in the short term,  the next year or so, there is still downward pressure on home prices and there are still a lot of depressed and distressed properties out there, that are pushing prices down.” Lohr says his firm handles about 800 to 900 short sales a year, and he expects that same number again this year.

 

 

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