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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Little Rock. Low rates with falling home prices makes a home purchase a great value! Call now for more information at
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | No Change |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $100,000 - $149,000 |
| Worst Selling Price Range | $350,000 - $399,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Little Rock is | Increasing |
| Seller Activity for the past 90 days in Little Rock is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Little Rock |
| Housing Hot Spots | Central,West,and Southwest Little Rock |
| Average Sold Price | $150,000 - View Graph Trend |
Little Rock Local News
News for Little Rock, AR - December 17th, 2011 1:21am
The average rate on a 30 year fixed mortgage has dropped to 3.94 %,15 year fixed rate loans hit a new record 3.21%. Current mortgage rates are historically low,if you are thinking of buying a house. one thing you can be sure of though is that current mortgage rates really do offer an exceptional opportunity.
News for Little Rock, AR - September 26th, 2011 7:19am
Now is the time to buy! Lowest interest rates in decades won't last forever. Less money more house, take advantage of this opportunity.
News for Little Rock, AR - June 9th, 2011 10:08pm
100% financing is still available on RDA loans. Inventory is high,interest rates are still low. Now is the time to buy! In the future homebuyers may be required to make a downpayment of 20% to qualify for a mortgage. Now is the time to buy!
News for Little Rock, AR - March 22nd, 2011 12:39am
US Treasury Department may introduce new draft rules that will increase the amount of equity borrowers will need to have in their homes in order to stand a reasonable chance of qualifying for a mortgage. Homebuyers may be reuired to make a downpayment of at least 20 percent of a homes purchase price to qualify for a mortgage. BUY NOW BEFORE CHANGES ARE ENFORCED!
Contact Information
Yevonne Van Horn
501-952-5804
Request More Information Let me answer your questions!
Ask Me!
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Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Yevonne Van Horn
First National Realty
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 501-952-5804
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