Hot Springs -- One of the Most Valuable in the Nation

      In December of 2006, Kiplinger's Newsletter identified Hot Springs as one of three markets across the country that they predicted would actually buck the national trend and continue to see home values climbed in 2007.  Now the Housing Predictor - independent real estate market forecasters - has issued a report predicting that home values in Hot Springs should increase by 5.4 percent this year.        

      "That's excellent news for Hot Springs' homeowners.  A home is normally the largest and most significant purchase a person makes in their lifetime.  While other areas of the country are loosing value, it is great to see that Hot Springs homeowners are seeing positive growth.   The listing speaks highly to our bustling growth and strong economy," said Dave Byerly, CEO of the Garland County Economic Development Corporation.

      Of the 25 noted markets an overwhelming  22 are located in the Southern half of the nation.  Included are three Arkansas cities: Little Rock (9), Fort Smith (18) and Hot Springs (22).  This vast percentage of Southern locations indicates the continued migration of residents to warmer climates.

     "It's not just retirees moving South, but young families and professionals that are looking for better climates in markets offering better qualities of life," said Millie Patrick, the Chamber's Director for Residential Recruitment.  "In Hot Springs' case, a strong economy, excellent healthcare, outstanding public education systems, a low cost of living and a beautiful and active environment all combine to make Hot Springs a very desirable destination."

     ACCRA , the nation's largest cost of living research firm, last year reported the Hot Springs Metro area as having the 8^th lowest cost of living among all US markets.

     "There is a trickle down effect at work here," explains Byerly.  "Home values climb because people want to move here and as that continues, schools improve, cultural offerings improve and businesses benefit." - reported by the Hot Springs Chamber of Commerce