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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.

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.