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Articles tagged with: Kathy Deck

Business, News, Real Estate »

[26 Sep 2011 | No Comment | 2,160 views]
Sales up, prices down again in central Arkansas

It’s not exactly a trend yet, but the expanded August housing market report for central Arkansas shows that prices were up and sales were down for the second straight month.
Before getting into that, it’s important to point out that we’ve expanded the central Arkansas housing market reports we post monthly at First Arkansas News by adding a couple of counties — Jefferson and White.
Those two counties aren’t in the proper Little Rock-North Little Rock-Conway Metropolitan Statistical Area (MSA), but they are close enough to the region to be relevant to …

Business, News, Politics, Real Estate »

[23 Jan 2011 | One Comment | 3,821 views]
FDIC wants more loan modifications, fewer foreclosures

Here’s a newsflash — foreclosures are still plaguing the real estate and mortgage industries.
The amount of foreclosures in the nation has prompted Federal Deposit Insurance Company (FDIC) Chairman Sheila C. Bair to declare it is in the best interests of borrowers and lenders to pursue loan modifications.
We all know the story by now. People got in over their heads with either subprime or — in some cases — prime mortgages and the ramifications have  been severe. Entire neighborhoods stand nearly empty in some parts of the nation and home values …

Business, News, Real Estate »

[23 Nov 2010 | 2 Comments | 1,880 views]
Central Arkansas homes sales down in October

Cooperative Arkansas Realtors MLS (CARMLS) released its housing market report today, showing that homes sales in central Arkansas were down again in October.
The issue at hand, of course, is the expiration of the tax credits for first-time and repeat buyers. Those credits expired at the end of April and buyers were initially given until the end of June to close on homes in order to be eligible for a tax credit.
While the “closing deadline” was extended by Congress until the end of September, most buyers who got homes under contract …

Business, News, Real Estate »

[16 Nov 2010 | One Comment | 2,211 views]
Economic outlook for 2011? Coming right up!

The national Mortgage Bankers Association’s economic outlook for 2011 isn’t exactly rosy, but the group does expect to see an increase in homes sales next year.
The association expects to see mortgage originations fall from an estimated $1.4 trillion this year to slightly under $1 trillion next year. The drop will be driven by a decline in the number of people wanting to refinance mortgages, the association said in a news release.
Specifically, the association expects to see mortgages for home purchases increase slightly next year and then enter into a recovery …