Can you believe it is the middle of January 2008. Where did 2007 go? Actually with all the media coverage of the housing market and the sub prime loan market I don't think I will miss 2007. 2008 looks to be much more promising. We are seeing a lot of activity in our homes under $200,000 and unde
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01/15/2008
When I ran across this graph I though it really showed what is going on in our current market...Below are a few more Truths that I found interesting.. In watching the Little Rock Real Estate market on a weekly basis I see our inventory of homes remaining very steady. Our number of homes c
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12/12/2007
With all the bad news coming out of the national news what is a local buyer or seller to think? Do we buy, do we sell or do we hold? Homes in Little Rock, AR are seeing some lower priced markets that are still in sellers market. We have seen our higher end homes take a hit....a hard hit for ou
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11/20/2007
The Local Market Scoop for Homes in Little Rock When I woke up this morning I was shocked to see the news about housing front and center again. I understand the market is in bad shape in some places of the U.S but not every region. I learned last week that the media gathers there information
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11/08/2007
What a great week, we finally have some good news to talk about in the Little Rock Real estate Market...we have seen our inventory take a slight drop. Again we have been hovering around 1250 homes since July 7, 2007. Hopefully we will see this trend continue with buyers taking advantage of the
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11/07/2007
Rates are creeping ever so slowly in the wrong direction. The mortgage bond market just keep slipping lower and this is pushing interest rates to slightly higher levels. Current interest rates on a 30 year fixed rate mortgage are around 5.875% on larger loans and 6% on smaller loans. LONG TERM
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11/07/2007
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 sen
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10/31/2007
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 a
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10/31/2007
With no economic reports scheduled for release today, Stocks will likely continue their role in leading Bond prices. Since both investments compete for the same pot of money, strength in one typically weakens the performance of the other. Bonds definitely have improved based on the 500 point de
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10/23/2007
I get asked every week what is happening in our market. Are we really in that much trouble? My answer is no. Buyers are still buying homes...the same number they bought in the last 2 to 3 years. The national media is playing huge part of mindset of the buyers. We have buyers even in the lowe
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10/23/2007
