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George Noorey
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George Noorey
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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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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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