Cheryl Bourland's blog

Real Estate Market Statistics Through November 2014

Check out this short video summarizing the national real estate market conditions through November 2014.

How Will Lending Guideline Changes Affect You?

On Monday Fannie and Freddie released new mortgage guidelines that are intended to loosen up the tight credit market.  This is good news for everyone, as one of the major barriers to home sales has been the issue of tight credit.  

It may be a while, though, before these changes are reflected in the products that are offered by lenders.  Seems that some of the big mortgage companies are taking a very cautious approach to the new guidelines, and are not making any changes right away.  

My advice would be to shop around for your mortgage.  There will be some lenders who lead the way with new products that will help you qualify and get approved for the loan you desire.  

Check out what the experts have to say.  Did Mortgages Just Get Easier to Obtain?Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards... [NAR Daily News Magazine]

Saline Real Estate Market Report - September 2014

According to the September Housing Market Report published by the Arkansas Association of REALTORS@, sales of new and existing residential units in Saline County, Arkansas, are up slightly from last year, and prices are about the same as last year.  

The average sale price for new and existing residential units sold during the month of September 2014 was $175,245, up from $169,597 in September 2013.  For the first nine months of 2014, the average sale price was $168,984, down slightly (1.62%) from $171,136 in 2013.  

There were 161 units sold in September, up from 147 in September 2013, and year-to-date 2014 units sold were 1,268, up from 1,188 in 2013.

Click here to read the full report on the Arkansas Association of REALTORS® website.