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[19 Mar 2011 | One Comment | 1,866 views]
So much for a home buyer credit in Arkansas

Just last week, we posted an article about HB1986, a bill that would give up to $2,500 to as many as 2,800 first-time home buyers in Arkansas.
That bill was filed on March 7, received a “do pass” recommendation from the House Committee on Insurance & Commerce on March 16 and then failed by a vote of 56-22 on March 17. Indeed, the bill had a legislative life of a mere 10 days.
The bill would have cost the state of Arkansas $7 million and was put forth as a way to …

Business, News, Politics, Real Estate »

[9 Mar 2011 | 2 Comments | 3,082 views]
Arkansas legislature considering giving cash to first-time home buyers

Remember how the federal first-time home buyer tax credit stimulated the housing market when it was in place in one form or another for two years starting in April 2008?
The Arkansas Legislature is, apparently, hoping to stimulate housing markets here in the Natural State with a similar program.
HB1986, which is pending before the House Committee on Insurance and Finance, would grant first-time home buyers up to $2,500 for purchasing new homes. There are some stipulations, of course. For one thing, a first-time home buyer is anyone who has not owned …