Little Rock Ranks #6
Little Rock's MSA ranks #6 among 315 US Markets for making single-family real estate investments, according to a recent survey by Local Market Monitor Inc.
According to the survey, Little Rock was labeled a good market for conservative investors. LMM forecasted a moderate drop in overall home prices during the next 12 months for the Little Rock MSA, followed by a trending slight increase.
For those of us who have been working the Little Rock MSA over the past few years, this comes as no surprise. The Little Rock MSA did not experience the massive drop in real estate over the past few years that other major markets did. We also did not experience the massive increase in the real estate market that other major markets did in the early to mid 2000's. Little Rock has always been.....well.....conservative in its real estate market.
What this survey points out again is that the Little Rock MSA is a great place to purchase a home in. Home prices are great, and whether an investor looking for long term rental property, or a first time homebuyer, our local market is a great opportunity right now. Throw in EXTREMELY low interest rates and it only gets better.
Search all available homes at www.ExitRealtyDeaton.com