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market reports little rock: Little Rock Real Estate Market Report;Little Rock Homes - 02/11/09 06:08 PM
In todays negative economic environment it is hard to find some positive news. I thought I would share some surprising news with you!!!
I was reading a Forbes blog dated 1/7/09 and it featured Little Rock as one of America's 25 top housing market. Little Rock's housing market is predicted to only drop 1%. In Pulaski County average sales price dropped 2.2 % from 2007. The higher priced areas of Pulaski County dropped 2.3 %. However, the most impressive figure is our listing inventory is down 15.5 % which means we are selling the backlog of homes. Little Rock's foreclosure … (0 comments)
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market reports little rock: First Time home buyer Tax Credit, What are the values of properties in Little Rock - 08/22/08 02:26 PM
The Housing Market should see some positive results from the signing of the Housing and Economic Recovery Act of 2008 by President Bush. The benefits are for first time home buyers in the form of a home-buyer tax credit. First-time buyers are vital to the housing market because they start the domino effect. They also keep the market stable because of the demand vs. supply.
Buyers who haven't owned a property in the last three years can qualify for a tax credit up to $7,500 or 10 % of there home purchase price. To qualify homes can be purchased … (1 comments)
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market reports little rock: 10 Reasons to Buy in a Buyers Market - 02/05/08 10:15 AM
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market reports little rock: Mortgage Update on Little Rock Real Estate - 10/31/07 04:53 PM
Today is the Fed day and it has chosen to cut the discount rate by .25%. This was expected and it came to pass. More importantly, the Fed Policy statement changed a bit and market experts are taking the revisions as indications of no additional rate cuts in December.
In short, interest rate sensitive investments are unhappy with the news and mortgage rates will react similarly. Two things are bothering mortgage rates, good economic growth (excluding housing) and perceived inflationary pressure. Remember, when our economy is strong, there is more of a demand for money and the "rent" (interest expense) on … (0 comments)
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market reports little rock: What are properties doing in the Little Rock Estate Market - 10/31/07 04:51 PM
Homes in Little Rock are in such a unique market. I was reading about properties in Arkansas and the foreclosure rate is actually down 3 % from this time last year. In reporting on market statistics I was shocked to read that most economists do not use our data. They use secondary market and assessor records. What does that mean to us as buyers and sellers of homes. The data is at least 60 days behind. So when the media is telling us we are in a slow downed market, are we really? Being a Keller Williams real estate agent, I have … (0 comments)
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Kerry Ellison
Little Rock,
AR
More about me…
Keller Williams
Address: 1514 Market Street, Suite B 100, Little Rock, AR , 72211
Office Phone: (501) 907-5959 x 230
Cell Phone: (501) 529-8809
Email Me
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