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Winter Roughs Up Local Housing Market

Officials in the Capital Region blame the sputtering housing market on the polar vortex and unusually cold winter.

New single-family housing listings dropped 9 per cent from one year ago – pending sales fell 7 per cent and completed sales slid 16 per cent – the Times Union obtained data from the Greater Capital Region Association of Realtors, covering an 11-county area that includes the five-county Capital Region.  Realtors told the newspaper they remain optimistic, even though February’s declines canceled out January’s gains.  Prices of homes remained stable, hovering between 204 and 222 thousand dollars.

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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