We're seeing encouraging signs in the real estate world. Within the St. Lawrence Valley and Adirondacks, we can see differences. The Adirondacks have seen a price adjustment of 15 to 20%, while the St. Lawrence Valley has seen a stabilizing. Buyers are showing signs of renewed interest, but are moving cautiously.
With the increased buyer traffic, our sense is that pricing will remain stable for a while, as buyers are still faced with the challenges that banks are putting before them. We expect that as buyer demand grows, the banks will begin adjusting, and become more aggressive with their loan programs.
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