Real Estate Market Trends

Typical Home Tenure Before Selling Stands at 10 Years

Are you a home seller in 2017? Statistically-speaking, you are probably 55 years old, lived in your old home for 10 years, and sold it for a tidy $47,500 profit. Keep reading to learn more about the typical home seller and how the market is changing in 2017!

Save Money, Buy in Arkansas

While some states are full of homes that are prohibitively expensive (I'm looking at you, California), Arkansas offers some of the most affordable housing stock in the country! In fact, data from the U.S. Census Bureau’s 2015 American Consumer Survey shows that Arkansas was one of the three least-expensive states in terms of home prices in that year. Coupled with inexpensive land, this makes Arkansas a great place to put down roots!

Compounding Factors Stall Housing Market

After an initially positive forecast, existing-home sales for this year are now expected to fall behind the pace set in 2016 based on current pending home sales data. Several factors, including inventory, prices, and hurricanes, have compounded to reduce housing market activity this summer.