| What we're hearing is 'harvest' as a home theme—the feeling of Thanksgiving. It's all about family togetherness—casual living, entertaining and flexible spaces. |
Click here to read the entire article on the “10 must-haves features” in homes today. Thanks to Susan for sending this one my way!
-Cara
Senators agree to extend homebuyer tax credit:
Set to expire at end of November, plan will remain until end of April.
…Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years, said Regan Lachapelle, a spokeswoman for Senate Majority Leader Harry Reid, D-Nev.
Good news for qualifying buyers! For the full article, click here.
-Eric
Little Rock Economy Ranked Nation's 4th Strongest
"A combination of stable home prices and sizable sectors in health care, energy, government, and education kept these metropolitan areas relatively stable."
Click here to read the full article.
-Eric
Eight Properties Listed on National Historic Register
from arkansasbusiness.com
Eight more Arkansas properties have been listed on the National Register of Historic Places, the country's official list of historically significant properties, Frances McSwain, program director for Arkansas Historic Preservation Program, announced Tuesday.
The newly listed properties are:
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.
Click here for the complete article.
-Eric
Strode Property Co. of Dallas announced Monday that Target will build a new store at Strode's Park Avenue development in midtown Little Rock.
Great news! Not only for Little Rock shoppers but also for the Park Avenue development. With such a strong anchor, other Park Avenue retailers will enjoy the presence of Target fanatics.
Click here, for the complete article.
-Eric
“Race is on as U.S. home buyer tax credit nears end…The tax credit carrot could help remodel the house or redo carpets and cabinets." -Reuters
It’s true! Time is ticking, but it is not too late to take advantage of this opportunity. For first time home buyers closing on their home before November 30, a tax credit of up to $8000 awaits.
Click here to contact us today and find out how we can help you find your first home and qualify for the tax credit!
-Eric
More good news for the Little Rock housing market…
The strongest US housing markets are
easy to overlook, with home prices plunging from Manhattan to Los Angeles and almost everywhere in between. But look at the smaller metros where housing bubbles never took shape, and you'll find some of today's strongest markets.
Boulder, CO.; Fayetteville, NC; Pittsburgh; Little Rock; and other slow-but-steady metros are now among the nation's safest markets, and many of the homes in those markets continue to appreciate
Thanks for the heads up, J, Doose! For the full article, click here.
-Eric
For the first time in almost 15 years, the size of new homes built in the United States is shrinking…That could indicate that the romance between Americans and morbidly obese McMansions has finally cooled.
To read the entire article, click here.
-Eric
Pending U.S. home sales rose in June for the fifth straight month...Low prices, attractive mortgage rates and a first-time homebuyers tax credit of up to $8,000 have kick-started sales.
The results from the National Association of Realtors were far better than analysts expected. Good news all around!
-Eric
Using trees to beat the heat, naturally.
Can shade trees lower energy bills?
Yes, say the experts, and by quite a bit.
One study showed that mature trees properly placed around buildings can reduce air-conditioning needs by 30 percent and heating needs by 20 percent. Another study showed that planting one young tree on the west side of your home can cut energy costs by 3 percent within five years, and nearly 12 percent within 15 years!
-Eric
The national average interest rate for a 30-year fixed mortgage was 5.2% this past week. Slightly up from last week’s 5.14%.
I’m glad to say that in Little Rock, the rates have remained slightly below average.
-Eric
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