Posts from February 10th, 2009
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10
State's Home Sales Plummet (As Reported by the Morning News)
Last updated Tuesday, February 10, 2009 5:44 PM CST in Business
By Kim Souza
THE MORNING NEWS
SPRINGDALE -- Home sales across the state continued to decline in December, capping off the worst year in nearly a decade, according to a report released by the Arkansas Realtors Association.
Statewide there were 25,012 homes sold last year, down 18.16 percent from the previous year and off 25.29 percent from the market's best year of 2005. Average home prices across the state dipped 1.98 percent to $149,055, according to the report.
Local economists have attributed the declining home sales to tighter borrowing requirements from lenders and weaker consumer confidence relating to falling home prices and worries about future job losses.
Agents and brokers who saw their commissions shrink by more than $67 million last year remain optimistic that better days are ahead.
Harold Crye, co-owner of Crye-Leike Rea...
10
Local Real Estate Market Drops Dramatically - Reported By News Channel 5 in Nashville, Tennessee
Posted: Feb 10, 2009 06:55 PM CST
Reported By: Chris Cannon NewsChannel 5 in Nashville, TN
NASHVILLE, Tenn.- New numbers show just how bad the situation is getting with the housing market. A double digit dip in sales highlights how buyers and sellers in the Nashville area are waiting out these tough times. The numbers haven't been this bad since 1994.
When it comes to selling one particular Brentwood home, Realtor Terri Mason has her sales pitch down and she has to.
"A couple of summers ago you could put a sign in the yard and it would sell in a week or two weeks. It was, things changed," said Terri Mason of Crye-Leike Realtors.
A hobbled housing is keeping homes hidden from buyers.
"It's something we didn't want to see. There's no candy coating it. It is what it is," said Mike Nichols, Greater Nashville Asso...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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