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Articles tagged with: Lawrence Yun

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[21 Mar 2011 | 2 Comments | 2,392 views]
National existing-homes sales decline in February

The National Association of Realtors (NAR) reported the sales of existing homes declined across the nation in February.
According to the NAR report, there were 4.88 million single-family, existing homes sold in February — down 2.8 percent from 5.02 million sold in the same month a year ago. The report counts the number of completed transactions covering single-family houses, condominiums, co-ops and townhouses,  that are not new.
Frankly, we at First Arkansas News don’t know what to make of the report for at least a couple of reasons.First of all, the first …

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 …