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Declining home prices in Arkansas

Declining home prices in Arkansas


MAUMELLE, Ark. (KTHV) - If you are looking for a new home, now could be the time to buy. But declining home values in Arkansas aren't good news for everyone.

According to CoreLogic, average home prices are up across the country. They're 7.4 percent higher compared to prices last summer. But in Arkansas, home prices have gone down by 2 percent.

"There's not one thing in particular to pinpoint, just a lot of people decide to sell at the same time," said broker Kim Burkes.

In 2014, 269 more homes were listed than in 2013, but the average sale price has gone down from $192,624 to $184,070, according to the Cooperative Arkansas Realtors Multiple Listing Service.

"Some of those may be foreclosures and short sales which brings the general price down," Burkes said.

Arkansas Realtors gathers list of vacant rental properties for storm victims

Arkansas Realtors gathers list of vacant rental properties for storm victims

LITTLE ROCK, Ark. (KTHV) - Arkansas Realtors has gathered a list of vacant rental properties for storm victims.

The list has homes from all over the central Arkansas area. This list is intended serve as a resource for the displaced storm victims to search for a new home while they rebuild their lives. This website will be constantly updated as more lists of rental properties available are received.

Get list here: www.arkansasrealtors.com/rentalinfo

Arkansas Realtors is also asking any Arkansans that own vacant rental properties in the affected and surrounding areas to send their property information to rentalinfo@arkansasrealtors.com so they can continue to post available properties for storm victims.

Scammers targeting home rentals

Scammers targeting home rentals

LITTLE ROCK, Ark. (KTHV) - If you are looking to rent a home, beware. The Attorney General's Office is getting reports of scammers who are advertising homes that are not for rent.

This scam is nothing new. It has been going on in Arkansas for years, but people are still falling victim to it. Scammers are stealing pictures from legitimate real estate ads and making it look like homes are for rent when they are not. They are getting people when they are most vulnerable.

WATCH STORY: http://on.kthv.com/1hu3Fja

"It was heartbreaking to think that she was no't going to have the things that she needed to succeed because I fell for this," said Mary Lorance.

Like any mother, Mary Lorance is looking for what is best for her daughter. She wants her to go to a good school and live in a nice neighborhood. Mary had her sights set on renting a home in Cabot.

Arkansas February Home Sales Up 12.5 Percent

Arkansas February Home Sales Up 12.5 Percent

Arkansas February home sales rose 12.5 percent from the same month last year, driven by gains in Benton, Faulknew and Saline counties, according to a report by the Arkansas Realtors Association... Read More

ARA: Housing market bounces back in Arkansas

ARA: Housing market bounces back in Arkansas

Arkansas REALTORS Association Reports Outstanding February
Arkansas Up/Even in Every Tracked Category

IRS offers incentive to first-time homebuyers in Arkansas

IRS offers incentive to first-time homebuyers in Arkansas

The Arkansas Development Finance Authority (ADFA) recently introduced a program that offers a Federal Tax Credit for First-Time-Homebuyers.  It is called the Mortgage Credit Certificate (MCC) Program.  The MCC Program is offered by the Internal Revenue Service to encourage borrowers to buy their first home. 

For borrowers that qualify, if offers them up to a $2,000 Federal tax credit for each year that the house they are buying is used as their principal residence.  To qualify borrowers must be first-time-homebuyers, except in targeted counties; must meet household income limits, which vary by county; and not exceed a purchase price of $225,000.  The MCC is not part of the home financing, but rather an incentive the IRS offers to get first-time-homebuyers to buy a home.

'Clean Lines, Open Spaces' premieres tonight on AETN

'Clean Lines, Open Spaces' premieres tonight on AETN

 

“Clean Lines, Open Spaces: A View of Mid-Century Modern Architecture,” a new documentary produced by the Arkansas Educational Television Network (AETN) will premiere tonight at 9 p.m. on AETN.

“Clean Lines, Open Spaces,” produced by AETN’s Mark Wilcken, focuses on the construction boom while the United States recovered from World War II, a time of optimism and hope for the future. Mid-century architects captured these feelings in their bold new designs, many of which reflected the International style that had been developing in Europe since before World War I. This new architecture used modern materials such as reinforced concrete, glass and steel and was defined by clean lines, simple shapes and unornamented facades.

“‘Clean Lines, Open Spaces’ is unique and challenging,” AETN Executive Producer Carole Adornetto said.