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Articles tagged with: real estate agent

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[4 Jun 2011 | One Comment | 1,986 views]
Saline County home prices up for April, year

Contrary to expectations, home prices in Saline County were up in April and for the year compared to average sales prices in 2010 and 2009.
Why is that unusual? There were tax credits in place for qualifying home buyers in 2010 and 2009 — one might expect home prices from a time when the federal government wasn’t paying people to buy homes to be down when compared to times when buyers got cash when purchasing houses. That hasn’t happened in Saline County so far, where the average sales price of new …

Business, News, Real Estate, Technology »

[23 May 2011 | No Comment | 3,658 views]
MyHomeMatching.com A free tool for real estate agents

While not marketed as an alternative to the traditional multiple listings service (MLS), MyHomeMatching.com is touted as a free tool to help real estate agents match prospective buyers with sellers.
Mark W. Lampe, founder and chief executive officer of the Arizona-based company, said he spent 2.5 years developing the site with one goal in mind — offering a free service for agents that puts listing agents in touch with the public. He said MyHomeMatching isn’t an alternative to a traditional MLS because the focus is different — an MLS boasts agent-to-agent …

Business, News, Real Estate »

[18 May 2011 | One Comment | 1,640 views]
Central Arkansas homes sales down in April, too

We’ve already seen that homes sales in northwest Arkansas were down in April.
The same is true of markets in central Arkansas. According to Cooperative Arkansas Multiple Listings Services (CARMLS), there were 636 single-family, new and existing homes sold by Realtors in Faulkner, Grant, Lonoke, Pulaski and Saline counties last month. That’s down 32.05 percent from 936 homes sold in April 2010 and down 6.06 percent from 677 homes sold in April 2009.
Furthermore, homes sold in April sat on the market for an average of 88.73 days before sellers purchased them …

Business, News, Politics, Real Estate »

[18 Mar 2011 | 3 Comments | 2,816 views]
BPO legislation passes Legislature

Arkansas appraisers hate it, Realtors have lobbied hard for it and now it’s cleared the state Legislature.
What are we talking about? SB720 — a bill that authorizes real estate agents to give broker price opinions (BPO) in those circumstances when a full appraisal is deemed unnecessary.
We’ve pretty well beaten this issue to death and you can see arguments from both sides of this particular issue here. Here’s the summary on this one — Realtors say the legislation merely codifies what they’ve done for years and brings agents under the regulation …

Business, Columns and other comments, News, Politics, Real Estate »

[5 Mar 2011 | No Comment | 2,500 views]
Senate committee to take up BPO legislation next week

The Arkansas Senate Committee on Insurance and Commerce will take up SB720 — a bill that has sparked some controversy — on Tuesday morning.
What is SB720? A measure that would essentially regulate broker price opinions (BPOs)– estimates of home values given by real estate agents when a full appraisal is not required. The law allows agents to write BPOs — and accept fees for them — to sellers considering listing real estate, people considering purchasing real estate or third parties related to the potential listing, offering, sale, exchange, option, lease, …

Business, News, Real Estate »

[22 Dec 2010 | 3 Comments | 2,718 views]
Central Arkansas housing market down in November, too

A Cooperative Arkansas Realtors MLS (CARMLS) report released Tuesday shows that central Arkansas housing markets struggled in November.
That’s the third housing market report released in the past week showing slumping sales last month. Last week, First Arkansas News released this report showing that sales in northwest Arkansas were down 41.9 percent last month. That report was followed by this one released by The City Wire showing sales in the Fort Smith area were down 19.56 percent last month.
The aforementioned CARMLS report showed that sales in central Arkansas — defined as …

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[11 Jun 2010 | No Comment | 914 views]
Curb appeal — perhaps more important now than it has been in a long time

According to the latest housing market report from the Arkansas Realtors Association, sales have been up lately.
Of course, we’re well aware a lot of those sales were driven by the first-time and repeat tax credits for buyers that expired at the end of April. It remains to be seen how sales will fare now that the credits are gone, but we’re at least encouraged by mortgage interest rates that are reaching record lows.
When those rates are combined with generally declining list prices, we could well be looking at a situation …