February, 2010Archive

February edition of ‘University District News’ available

February 26th, 2010 | News you can use | No comments

Here at the Arkansas Realtors® Association (ARA), we just love, love, love it when people send us electronic newsletters that will interest one group or another in this state. The University District Partnership is one of those groups kind enough to send newsletters our way so that we can share them with our legion of [...]

Where does that Award for Excellence revenue go?

February 26th, 2010 | announcements | No comments

Over the past few years, recipients of the Arkansas Realtors® Association Award for Excellence have wanted to know what happens to any revenue generated by the program. The common answer to that question has typically been that it goes to benefit both charities and Arkansas Realtors®. As that answer was – and has always been [...]

Carroll says real estate agents need to pay attention to radical alterations to HUD’s GFE

February 26th, 2010 | 2010 Feb, The Arkansas Realtor - print edition | 2 comments

Jim Carroll Sr. of the Carroll Mortgage Group in Little Rock said there are some major changes to the U.S. Department of Housing and Urban Development’s (HUD) Good Faith Estimate (GFE) and real estate agents who aren’t familiar with them need to learn about them in a hurry. Carroll, speaking at a January meeting of [...]

Signed up for the blog digest yet? Well, you should be!

February 25th, 2010 | Blog updates, announcements | No comments

Yes, another The Arkansas Realtor digest has been sent to our legion of happy subscribers. Want to see what they received by email? Just click here and have a look at the latest digest. Here’s the good news — you, too, can sign up for a digest of your very own. If you’ll look in [...]

Free homebuyer class slated as deadline nears

February 24th, 2010 | News you can use, announcements | No comments

Even in the best of cases, the homebuying process often takes up to two months to complete. A prospective homeowner has to arrange financing, perhaps come up with a down payment, find the home to purchase, negotiate a price, arrange inspections, insurance, set a closing date… the considerations are numerous. Homebuyers now have a special [...]

Children’s Miracle Network Benefit scheduled for March in Conway

February 24th, 2010 | announcements | No comments

On March 12-13, Re/Max of Conway and Best Buy will sponsor a Texas Hold ‘Em tournament benefiting the Children’s Miracle Network. For more information about the 6th Annual Arkansas State Hold ‘Em Championship, call Re/Max at (501)327-0888 or click here for the online registration form. You can also view the informative flyer for the event [...]

The Credit CARD Act

February 22nd, 2010 | announcements | 2 comments

Our friends over at Credit Counseling of Arkansas (CCOA) have reminded us that the Credit Card Accountability, Responsibility, and Disclosure (Credit CARD) Act of 2009 went into effect today. Want to have a look at the details of the Credit CARD Act? Just click here to download the Microsoft Word version of a very well [...]

Arkansas average/median list prices, inventories for Feb. 22

February 21st, 2010 | Housing Market Statistics | No comments

The law of supply and demand doesn’t change just a whole lot, does it? No one should be surprised, then, that average list prices have fallen as inventories have increased in four Arkansas housing markets. To take a look at the latest average/median list prices and inventories report from the Arkansas Realtors® Association, click here [...]

Predicting housing market performance

February 21st, 2010 | House to House | No comments

We get a number of calls at the Arkansas Realtors Association (ARA) from people wanting us to predict the future performance of housing markets in Arkansas. We don’t make predictions at the ARA about the future performance of those markets. There are a couple of reasons for that. For one thing, we’re not in the [...]

‘Move up’ tax credit, mortgage interest rate deduction shenanigans, Carroll County/Eureka Springs Board

February 19th, 2010 | News you can use, announcements | No comments

I’ve heard it more than a few times — “So, that tax credit for repeat home buyers only applies to people purchasing more expensive homes, right?” No, no, no. That’s wrong. Dead wrong. Nope. There is no such thing as a “move up” tax credit and I’m not entirely sure why I keep hearing about [...]

Protecting equity in your home

February 19th, 2010 | 2010 Feb, The Arkansas Realtor - print edition | No comments

Homeowners throughout the nation have been concerned about declining values. Here in Arkansas, the average sales price of a home through October was $144,476, down 4.1 percent from $150,650 through the first 10 months of 2008. Eric Hutchinson, president of Equity Protection, said the concern over home values – whether real or perceived – prompted [...]

Eight reasons why email marketing works for real estate agencies

February 18th, 2010 | News you can use | No comments

Mention email marketing to real estate agents and you may find that many are still hesitant to move away from their tried-and-true snail mail methods. Others, however, are rapidly discovering that email marketing is just about one of the most effective means of generating sales. Want proof? When Shop.org surveyed retailers for their State of [...]

EPA repair and renovation rule effective in April

February 18th, 2010 | 2010 Feb, The Arkansas Realtor - print edition | 1 comment

On April 22, a new Environmental Protection Agency (EPA) rule written to reduce the amount of lead based paint on residences in the United States will be in place. The new rule has to do impacts all residences – and facilities occupied by children – that were built prior to 1978. Commercial buildings are not [...]

Got those Award for Excellence entries filed yet?

February 17th, 2010 | announcements | No comments

Yes, the Award for Excellence deadline expired on Feb. 16. What? Your local board didn’t get those turned in to the Arkansas Realtors® Association (ARA) on time? Well, don’t fret. All local boards that haven’t turned in their applications yet should get in touch with Ethan C. Nobles, ARA director of media relations, by clicking [...]

Arkansas housing markets finished strong in 2009

February 17th, 2010 | 2010 Feb, The Arkansas Realtor - print edition | No comments

After a rough start, 2009 finished strong in terms of the numbers of homes sold. How strong? Sales were up 9.85 percent in September compared to the same month in 2008, 24.11 percent in October, 54.08 percent in November and 12.21 percent in December. Due to the comparatively strong sales at the end of 2009, [...]