Home » Archive

Articles tagged with: The City Wire

Business, News, Real Estate »

[26 Jul 2013 | 2 Comments | 5,529 views]
Arkansas metro home sales up in June

The City Wire in Fort Smith has posted its June Arkansas Homes Sales Report for four metro areas in Arkansas and sales numbers continued to climb during that month.
The report covers the four largest metros in Arkansas — central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas. Except for the Fort Smith area, all metros reported gains in sales for June. Furthermore, sales for the six months of 2013 were up 9.57 percent compared to the first half of 2012. Average sales prices in those areas stood …

Business, News, Real Estate »

[23 Apr 2013 | No Comment | 1,838 views]
Benton County leads state in March home sales

Economist Jeff Collins said in January that home sales started to improve last year and he said he’d seen no evidence to suggest we won’t see that trend continue in 2013.
In the Arkansas Home Sales Report for March, which is available from The City Wire in Fort Smith, Collins said the upward trend continues but said sales are still being impacted by high unemployment rates. Still, he said low interest rates and slowly climbing prices are motivating some buyers to jump into the market — interest rates are hovering around historic …

Business, News »

[27 May 2011 | No Comment | 1,501 views]
‘The Compass Report’ — positives emerge in Fort Smith area economy

First quarter 2011 economic conditions were mostly unchanged compared to the 2010 period, but sales tax gains and improving employment figures indicate improving momentum.
According to The Compass Report, economic conditions in the first quarter of 2011 garnered a “C-” grade. The grade means that relative to the region’s historic economic performance, the first quarter of 2011 saw no measurable economic improvement compared to the same period in previous years.
The good news is that the first quarter 2011 The Compass Report is up from the C-/D+ grade the regional economy had …

Business, News, Real Estate »

[30 Nov 2010 | 9 Comments | 4,078 views]
Fannie Mae, Freddie Mac give green light to foreclosures

To muddle the foreclosure issue just a bit further, Fannie Mae and Freddie Mac told real estate agents last week to resume selling foreclosed properties.
Why’s that significant? Fannie Mae and Freddie Mac — the government sponsored enterprises (GSE) that have underwritten the majority of mortgages in the nation — had about 240,000 properties set for foreclosure at the end of September. It was about that time that Fannie and Freddie called for a moratorium on foreclosures due to concerns about the adequacy of court filings.
We’re talking about the so-called “robo-signing” …

Business, Features and such, News »

[25 Nov 2010 | One Comment | 1,710 views]
Rudy welding company goes Hog wild

Well, the rotten economy has everyone down, doesn’t it?
It’s nice to hear about a company that’s doing well at a time when we’re used to hearing about businesses failing or struggling. Michael Tilley over at The City Wire sent just such a story over and it’s well worth sharing.
The story is about Rudy, Ark.,-based Advanced Welding which has 15 employees and is the officially-licensed producer of University of Arkansas branded metal work.
That’s right — the company caters to Razorbacks fans and its products have been so successful that it is …

Business, Features and such, Legal, News »

[11 Oct 2010 | 8 Comments | 5,597 views]
Bank of America puts a stop to foreclosures

Well, here’s some news — Bank of America has put a stop to foreclosures until it can review the adequacy of documents it has filed in court.
In a vague statement Bank of America released Friday, the company said it was going to review foreclosure documents it has filed in every state in the U.S. That’s quite a statement when one considers that Bank of America holds about one in every five mortgages in the nation.
It’s an even more significant statement when one considers that RealtyTrac reported that one out of …

Business, News »

[6 Oct 2010 | No Comment | 2,510 views]
Brown joins ‘The City Wire’ team

FORT SMITH — The City Wire has contracted with Patricia Brown to be director of sales and marketing as part of an overall effort to expand the geographic reach and readership of the web publication.
The City Wire, re-launched in November 2008, is a web publication covering business, politics and culture in the Fort Smith region, and statewide business and political issues and events. More than 320,000 people have visited the website between November 2008 and September 2010, and they have viewed more than 2.23 million pages.
Brown, who was born in …