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market: Did you see the numbers???? - 04/25/08 11:53 AM
So on top of all the other news that doesn't necessarily apply here, now they release a 13% decline in home sales prices. Although this must be true in our nation as a whole, what about the communities and locals that haven't seen this turndown? Arkansas as a whole has only seen decreases in certain markets, while others have continued to gain.
Is there any end to the media making light of this problem as a whole, or is there some way to highlight the ever-present gains in owning real estate, and the fact most real estate is a longer term … (4 comments)
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market: A personal persepctive on our Real Estate market - 07/16/07 02:39 PM
So, I've grown up in real estate, and watched our local market flounder and flourish. I've watched interest rates rise and fall, lake home prices skyrocket, condos galore spring up all around, commercial building everywhere you look, just overall growth in every aspect of our local market. It's truly amazing to see just how much this town has changed in the last 10 years alone! This sleeply little town in on the verge of exploding. The future of Hot Springs is bright...there are things in the works here that we can't mention just yet, but watch out! It's going to get … (0 comments)
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market: repost of market news 6/26/07 - 06/26/07 01:09 PM
New home sales fall in May to 915,000 units By Greg Robb Last Update: 10:00 AM ET Jun 26, 2007 WASHINGTON (MarketWatch) - U.S. new home sales fell 1.6% in May after surging in April to a seasonally adjusted annual rate of 915,000 units, the Commerce Department said Tuesday. Economists expected sales to fall to 930,000 units. At the same time, sales in February, March and April were revised down by 84,000 units. April's sales pace was revised to 930,000 units from the 981,000 units initially reported, a 12.5% rise from March's downwardly revised 827,000 annual pace. This is still the … (0 comments)
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market: Housing Market Update (from Marketwatch) - 06/04/07 12:13 PM
WASHINGTON (MarketWatch) -- U.S. home prices rose 0.5% in the first quarter of the year compared with the fourth quarter, the slowest price gain in 10 years, the Office of Federal Housing Enterprise Oversight reported Thursday. The OFHEO price index is up 4.3% compared with the first quarter of 2006. Prices fell in seven states from the fourth quarter to the first, including Florida and California. Prices fell year-over-year in Massachusetts and Michigan. The biggest year-over-year price gains were recorded in the West, with Utah, Idaho, Montana, Wyoming and Washington at the top. Forty-six of the 285 cities recorded falling prices … (1 comments)
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market: Hot Springs - 05/23/07 01:41 PM
Just wanted to review the market in Hot Springs as of May 23, 2007. It's still plugging along. The market here is so different from other areas in the state and nationally that the supposed "downturn" of the real estate market has been late coming and short lived. Granted it has slowed down, especially on the lake, it has shown strong signs of recovering by late summer, and if anything this should help continue a steady, constant growth for the surrounding community. I look forward to posting updates on this so keep checking in for an idea of what the market … (0 comments)
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Drew Riley
Hot Springs,
AR
More about me…
Spa Realty, Inc Team Riley
Address: 1429 Central Ave., Hot Springs, AR, 71901
Office Phone: (501) 623-3444 x 108
Cell Phone: (501) 318-7899
Email Me
A place for all things Hot Springs! From Real Estate to local hot spots we talk about it all! Team Riley, Drew and Gary Riley, your local Real Estate experts, specialize in Garland County and surrounding areas residential and commercial properties. We will work hard for you!
http://www.myhotspringshomes.com
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