Arkansas Real Estate conditions

By
Mortgage and Lending with Delta Trust Mortgage

Many of you have probably seen the lead story in the Arkansas Democrat Gazette this past week concerning mortgage loan foreclosures nationwide.  While this has obviously become a significant problem in the sub-prime markets I would like to touch on a few points as it relates to the mortgage industry here in Arkansas .  According to the Arkansas Realtor Association Housing Market Report sales of new and existing homes have decreased by 7.50% YTD through the end of July.  While this is a decrease, I don't think it is as significant as what the public is being led to believe.  Statewide delinquencies in the prime lending market in Arkansas are at 2.81% compared to 2.73% nationally.  Delinquency rates among sub-prime borrowers in Arkansas are at 15.56% compared to 14.82% nationally.  While delinquency rates among sub-prime borrowers are significant it is important to realize that this sector of the market makes up just 7.3% of all mortgages nationwide.   

Posted with Permission of Mike Milner MBAA, Vice President

Comments (3)

Kerry Ellison
Keller Williams - Little Rock, AR
Can I post this on my blog?
Sep 10, 2007 08:29 AM
Claude Cousins
Delta Trust Mortgage - Little Rock, AR
sure
Sep 10, 2007 08:48 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

I am happy to annouce CARMLS in Little Rock has scheduled me for 2 full days of training April 14th and 15th at their building on Natural Resources Drive.  If you own a Smartphone or thinking about buying a Smartphone then you want to be there!  We are having 13 hours of training with 9 hours of hands on training, so bring your chargers.  If you have any questions on what will be covered I have a link below on the class schedule.

Smartphone users, feel like your Smartphone is smarter then you?  Do you want to work Smarter not Harder?

If you don't currently own a Smartphone but know you need one, then ATTEND!  Normally 25% of my classes are agents thinking about buying a phone and I am there to help you decide what is best for you and where the best deals are.

Here's a link for more info;

http://www.dickbetts.com/carmls.html

Apr 05, 2008 03:30 AM