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NWA housing market on the mend
Submitted by The City Wire Staff
story by Kim Souza
ksouza@thecitywire.com
The residential housing market continues to mend with higher home prices, steady home sales and active builders breaking new ground at a faster pace than a year ago.
In Benton and Washington counties agents sold 592 homes in August, close to the 601 sold a year ago. But agents pocketed nearly 20% more money as sales volume rose to $107.118 million, compared to $90.262 million in the same month of last year, according to MountData.com.
Agents, brokers and lenders polled by The City Wire all rate the health of the Northwest Arkansas housing market about a 9 out of 10 through the first eight months of 2012, when comparing to last year.
That said, the sales activity is still a far cry from the non-sustainable records...
NWA home prices rise as market improves
Submitted by The City Wire Staff
story by Kim Souza
ksouza@thecitywire.com
Despite record heat in July, agents across Northwest Arkansas say they are busy selling homes and statistics indicate the local market is healthier than it's been in years as home prices improve.
Through July, agents in the two-county area sold 3,512 homes, up just 1.15% with a year ago. But overall sales volume rose 9.99% to $597.71 million over last year, according to the latest report from MountData.com
Median home prices are up nearly 20% from a year ago in the combined Benton and Washington counties. The rising prices signal a healthier market as the supply of homes more adequately fits the demand seen from the local buyers pool, according market insiders.
Two of region's largest firms report stronger sales in 2012...
NWA short sales on the rise
Submitted by The City Wire Staff
story by Kim Souza
ksouza@thecitywire.com
Homeowners who need to sell their property but face negative equity positions got a little extra help from federal agencies this week. Local agents say this could help boost an already active short sale market higher in the coming months.
Short sales across Benton and Washington counties totaled 264 from Jan. 1 through Aug. 20 of this year. That was a 54% increase from 171 short sales in the same time frame of 2011, according to Vicki Briolat, agent with Crye-Leike Realtors in Bentonville.
Julia Valenciana, also an area agent with Crye-Leike, sees the local real estate market starting a new cycle ? tighter supplies and rising home values. But she said the market improvements of the past few months haven't been enough to help some homeowners.
The following story was created by The Jones Company:
Franklin, TN ? For the eighth time in 8 years, The Jones Company and Crye-Leike Realtors have partnered to build another "Green" Habitat for Humanity home in Williamson County.
The Jones Company and Crye-Leike, REALTORS? have been working to complete the home in The Overlook at Carter's Creek Station, located at 1810 Daniel Court in Columbia, TN. The home will be ready in time for the family to move in before Thanksgiving. The new homeowner is Bittisa Peoples, who is a mother of four and grandmother of twins. She grew up in Franklin and graduated from Franklin High School. She is a Certified Direct Support Professional trained at Waves, Inc. and currently works at Tennessee Personal Assistance, a job she finds very rewarding as she helps people with challenges lead a more fulfilling life.
Bittisa's oldest son, Mondreko...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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