>> Monday, September 21, 2009
5 Reasons to Buy a Home Now
#1 You may get a fat tax credit.
#2 Prices are scraping bottom.
#3 Foreclosures are at record highs.
#4 Rates are cheap.
5 Demand is growing.
While all points made are valid reasons to jump into the real estate world—the $8000 tax credit is calling first time buyers, interest rates are at historical lows, and home sales are growing—for the Little Rock market, #2 and #3 are slightly less comparable to national trends.
While you can absolutely find a home for a good price in Little Rock, our home prices have remained relatively steady and in many areas have increased. As for foreclosures, we have seen a slight jump in quantity, but have avoided the situations faced by other markets.
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