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Commentary Provided byYevonne Van Horn Congress enacts New $8,000 First-Time Home Buyer Tax Credit. Tax credit is equal to 10% of the home’s purcahse price up to a maximum of $8,000. Tax Credit available for home purchased on or after 1/1/2009 and before 12/1/09. First Time Home Buyers Tax Credit expires November 30,2009. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Little Rock | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | No Change | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $350,000 - $399,000 | ||
| Compared to Last Year | No Change | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Little Rock is | No Change | ||
| Seller Activity for the past 90 days in Little Rock is | No Change | ||
| Is Financing Available For Qualified Buyers in Little Rock? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% | ||
| Housing Hot Spots | Central,West,and Southwest Little Rock | ||
| Reason to Buy/Sell | Good economic news | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Yevonne Van Horn
Crye-Leike Realtors Little Rock, Arkansas 501-952-5804 yevonne.vanhorn@crye-leike.com Agent Home Page 
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Little Rock Local News
News for Little Rock, AR - Saturday November 7th, 2009 5:08pm
Great News! Congress extended the First Time Homr Buyers Tax Credit up to $8,000 until April 2010. The extention allows exisitng homeowners tax credit for $6,500. NOW IS THE TIME TO BUY! Take advantage of the second chance opportunity for everyone. What are you waiting for?
News for Little Rock, AR - Tuesday September 29th, 2009 6:22am
It is fastly approaching November 30,The First Time Home Buyers Tax Credit will expire. Take advantage of this incentive along with incredibly low interest rates. NOW IS THE TIME TO BUY!
News for Little Rock, AR - Saturday July 11th, 2009 2:12am
100% financing is still available to qualified people in qualfied areas. Downpayment and closing cost assistance is also available. Now is the time to buy! First Time Home Buyers Tax Credit up to $8,000 expires November 30,2009.
News for Little Rock, AR - Wednesday June 17th, 2009 11:29pm
Now is the time to buy First Time Home Buyers Tax Credit up to $8,000 expires November 30,2009. 100% financing is still available to qualified people in qualified areas. Take advantage of the Tax Credit that does not have to be repaid unlike 2007 Tax Credit. Interest rates are incredibly low and inventory is up,which means more negotiating power for buyers. Now is the time to buy!
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