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ARA: Home sales increase 16 percent

ARA: Home sales increase 16 percent

LITTLE ROCK, Ark. - The Arkansas REALTORS® Association  announced that September home sales were 10.28 percent higher than September 2010 while the average price of a home in Arkansas increased by less than 1 percent.  For the quarter (July - September), home sales increased 16 percent with the average price of a home in Arkansas decreasing almost 4 percent.

"As the Arkansas REALTORS® Association has been predicting, Arkansas home sales continue to be quite strong," said Amy Glover Bryant, Director of Communications for the Association.  "In the third quarter, Arkansas REALTORS® sold a total of 6,671 homes versus 5,719 in the third quarter of 2010.  Average prices during that time period were $143,944 compared to the third quarter of 2010 when the average price of a home in Arkansas was $149,430.  Affordability and strong mortgage rates are certainly helping to drive this year's improved numbers.  We do exp

HUD grants $769K for job training

HUD grants $769K for job training

Grants to 18 Arkansas public housing authorities are part of nearly $60 million HUD awarded nationwide

LITTLE ROCK – The U.S.

Housing market sees positive numbers

(KTHV) -- Both the numbers of houses sold and the median price for sales grew in the Little Rock/North Little Rock market from June 2010 to June 2011.

But nationally, the numbers aren't as promising. The National Association of Realtors says home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes. Economists say that's far below the 6 million homes per year that must be sold to sustain a healthy housing market.

"It's just a beautiful place to live. Little Rock is a wonderful place. We have a lot of stuff to do. It keeps growing," says Joel Tvedten, owner of River Rock Realty.

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

One location restaurant chain prepares to expand in Little Rock, while a national name is setting its sights on well-trafficked corner of the capital city, according to this week's Arkansas Business newspaper.

First, Larry's Pizza, the buffet-style pizza slinger that opened its first location in southwest Little Rock in 1992, is adding a second west Little Rock location, this one at 801 S. Bowman Road. The space once housed Dragon Palace Buffet at the Bowman Station project. The new Larry's will be about 7,500 square feet.

But the chain isn't stopping there.

ARA: Housing numbers down due to severe weather

ARA: Housing numbers down due to severe weather

LITTLE ROCK, Ark. - The Arkansas REALTORS Association released its April 2011 Housing Report this morning.  The report shows the number of homes sold in the 42 county area covered by the report were down 23 percent compared to the same month last year and that average prices for the month were down two percent.   Director of Communications for the Association, Amy Glover Bryant, attributes the decrease to the record amount of rainfall and severe weather the state experienced throughout the month of April and to the ending of the first time home buyer's tax credit.  “As we anticipated the 13 days of rain and severe weather Arkansas experience

Class for first-time homebuyers

Class for first-time homebuyers
City of Hot Springs - A class for first-time homebuyers will be held by the One-Stop Homeownership Community Development Center at 9 a.m. on Saturday, March 19 at 800 Spring Street. Potential first-time homeowners will learn about closing costs, down payment funding, and how to shop for a home. Anthony Sayadian of the US Bank Mortgage Department and Foreclosure Agent Tom Shelton of the Federal Housing Authority will be guest speakers. For registration information, contact OHCDC Coordinator Shirley Greathouse at 624-4292.