Local Real Estate Showing Increased Activity

A local realtor says he is seeing an increase in buyer interest. Jim Fogerty of Lakes and Leisure Realty of Breezy Point says the first of the year has brought lower interest rates and added excitement. He tells KLKS News, borrowers don't necessarily have to have 20 percent down. He says the most important asset is an income ability to repay the loan. Fogerty suggests doing business with local banks.