Data on Repo Houses for Sale Showed Positive Signs
Repo houses for sale and residential property sales declined in Arkansas last year. However, analysts believe that sales data showed signs of improvement. By MostlyForeclosures
UGGs in stores The number of residential properties sold last year, including repo houses for sale, declined in Arkansas. However, analysts believe that housing sales reports exhibited signs of future improvements for the state's housing market.
UGGs in stores Sales of properties from Jonesboro foreclosure listings and non-foreclosed homes in areas of the state declined by almost % in compared with levels, based on data presented by the Arkansas Realtors Association. The associationcheap ugg predicted last year that home buying activities will decline in the state, following the expiration of the tax credit program launched by the U.S. federal government.
UGGs in stores The prediction proved to be true as sales of Arkansas foreclosures and non-foreclosed houses both dipped during the second half of . However, sales data for showed some promise, leading analysts to proclaim that the region's housing market is on its way towards a more balanced condition.
UGGs in stores Sales reports for showed that the number of housing units, including repo houses for sale, that were purchased by buyers declined by less than % when compared with the same month. This, analysts stated, showed that the impact of the housing industry crisis on the Arkansas residential property market is not uggs for cheapas bad as it is in U.S. regions.
UGGs in stores Moreover, the average selling price of single family dwellings in the state increased by less than % in compared with year-ago levels. Several areas of the state even recorded higher sales numbers in December, with properties under foreclosure lists and non-foreclosed dwellings selling well in areas like Benton and Washington.
UGGs in stores Housing unit sales jumped by .% in Benton County during compared with the same month. Meanwhile, Washington County recorded an increase of .% over the same period. Cleburne cheap uggsCounty, on the hand, recorded the highest increase in average selling price, with rates increasing by .% to $, during compared with the average rate of $,.
UGGs in stores Market analysts stated that sales and prices of residential properties, including data for repo houses for sale, showed that the Arkansas housing industry is on the rebound. They added that the growth will likely continue this year as the job market improves and rising rental rates encourage more people to purchase homes instead.
