Market Rebounds

Sales, Values Up In Post-Recession Times

Posted: December 26, 2012 at 5 a.m.

David Wilson, a Realtor with Weichert Realtors, waits as Connie Burklow inputs her information on an iPad after visiting an open house Dec. 16 at 1931 Batsford Drive in Fayetteville. Wilson said the market has improved since the 2008 recession, and he now sees homes selling, depending on the price range, in 60 to 90 days.

The market is looking up for homebuyers and home sellers in Northwest Arkansas as values increase, mortgage rates drop and inventory climbs. The recovery, while steady, is also slow.

"One thing that kept (Northwest Arkansas) in better shape than many other parts of the country is we still had affordable housing. Housing needs to be attainable."

Kathy Deck

Director of the Center for Business and Economic Research, University of Arkansas


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