Friday, March 22, 2019

The State of the Market: 90 Days Into 2019


How has the market shaped up over the first 90 days of 2019? Find out in today’s “State of the Market” address.

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It’s just been a crazy year! The weather has been constantly shifting, the winter has been wet as can be, and houses aren’t being built as quickly as they typically are this time of year. So what has that done to affect the market overall?

Well, right now, there are more homebuyers in the market than there were last year at this time. It’s likely this influx of buyers is due to the fact that interest rates are still historically low and that mortgages are easier to get this time of year, as compared to 2018.




Right now, we’re listing four, five, six, and sometimes seven houses in a given week!


Overall, the market has been good for sellers. We’ve had a lot of activity on our listings in terms of showings and offers, and when offers come in on a property, we’ve been getting them sold.

 
There has also been a pretty significant increase in the number of listings we’ve seen this year. Normally at this time of year, we typically would list two or three houses a week. Right now, we’re listing four, five, six, and sometimes seven houses in a given week! This increase means that buyers have a larger pool of inventory to select from, which I’m sure will make them quite happy.

Meanwhile, Jonesboro and the Northeast Arkansas area economies continue to grow. New jobs are added every single day, which, in turn, pushes the real estate market forward.

If you’re thinking of buying a home in or around the Northeast Arkansas area, or if you have any questions, don’t hesitate to give us a call. We’d love to help you.

Friday, March 8, 2019

Where the Real Estate Market Is Headed in 2019?


Now that we’re a few months into 2019, let’s take a look at where the real estate market is headed this year.

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We've seen prices continue to increase, and the overall sales price per square foot is rising almost everywhere in Northeast Arkansas, especially in the Jonesboro area, where we’re seeing the most growth. There’s been a lot of opportunity and activity in the Brooklyn area, as well, and Paragould has also become a hot market.

Interest rates have actually stabilized—we haven’t seen any of the big jumps that we were expecting to back in 2019. Throughout the end of 2018, the Fed said they weren’t going to continue to push interest rates up, which has been great for many of us in the market.



It looks like it’s going to be another exciting year for Northeast Arkansas real estate.

Rates are still in the high-threes and the mid-fours, which makes for, as we say, cheap money. To put it in perspective, 20 years ago when I bought my first house, the interest rate was 8.75%—my own father even congratulated me for finding a rate under 10%! By comparison, we’ve been spoiled with our rates, and it looks as though they’re going to stay this way for a while.

If you’re thinking about buying or selling a home, feel free to reach out to us. We can give you a list of available properties and/or an accurate estimation of your home’s value so that you can confidently move forward to your goals this year.

Friday, February 22, 2019

The Simple Steps to Buying a Home in 2019

Don’t flounder when starting your home search. Instead, follow these simple steps.
Buying a Jonesboro home?  Get a Full Home Search
Selling your Jonesboro home? Get a Free Home Price Evaluation

Today we’ll be going over the steps to take for buying a home in 2019:

1. Hire a superstar agent. Find a full-time agent who studies the market, knows the trends, and understands what’s going on in and around your area. They should also walk you through the process of finding a great lender and home inspector.

2. Make sure your agent is flexible. You want them to be able to work with and around your schedule. A lot of times, homebuyers can only look at homes after work, so make sure your agent is available when you are.



Make sure your agent is available when you are.

3. Keep the future in mind. You may not have kids now, but will you in the future? Do you need a good school district? Where do you or your spouse work, and will you continue working there long term?

4. Consider the drive. Can you stomach the commute time to your job and other destinations in your life?

If you’re looking to buy, we’d be honored to be able to serve you. In the meantime, if you have any questions or need further information, feel free to reach out to us. We look forward to hearing from you soon.