Big On Little Rock Investment

Rusty Armstrong — Thu, 22 May 2008 16:37:00 GMT

Finally, a good news report on Little Rock area growth and the real estate market. I was pleased to be a part of KTHV Channel 11's positive news story last night on the growth of investments in Little Rock. It pointed out how much development is going on and that the growth seem to be continuing in a steady manor. The story was titled Little Rock Big On Investments was run on the 10 oclock news and is on there web site. It can also be seen at www.todaysthv.com and on their web cast. Positive news like this tell the real story about the market locally, which is much better than the market in most of the areas that the national news seem to focus on most of the time. As I said in the report by KTHV, the Little Rock real estate market is historically an average market where homes that are price well, in good condition and in good neighborhoods continue to sale in a reasonalbe time period. With average days on the market running about 96 days, this means many are selling quicker, but homes that do not meet these conditions are not selling. Real estate is a supply and demand business and if competition is high as it is in many neighborhoods, only the best sell. Interest rates remain at all time lows, so with a lot of homes to choose from it is a good time to be buying a home in Little Rock, North Little Rock and all of the Little Rock area.

April Sales Activity Strong in Little Rock

Rusty Armstrong — Mon, 28 Apr 2008 21:37:00 GMT

The spring pollen is going strong here in Little Rock, Arkansas, but it seems to have caused the buyers to come out too. April sales activity strong. It has really been busy since tax season has been over. Just this week, we are working with multiple buyers who are finding homes they want to make offers on but the homes are sold before they can make their offer. This is not true in all price ranges but still a good sign for the market in general. Let’s hope the pollen goes away but not the buyers. With rates still low they should stay around. Now if the media will report the positive news.