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Housing market sees positive numbers | Real Estate

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Housing market sees positive numbers
Real Estate

(KTHV) -- Both the numbers of houses sold and the median price for sales grew in the Little Rock/North Little Rock market from June 2010 to June 2011.

But nationally, the numbers aren't as promising. The National Association of Realtors says home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes. Economists say that's far below the 6 million homes per year that must be sold to sustain a healthy housing market.

"It's just a beautiful place to live. Little Rock is a wonderful place. We have a lot of stuff to do. It keeps growing," says Joel Tvedten, owner of River Rock Realty. He's been in the business for eight years.

But with promising numbers reported for the month of June, he's just one of thousands who thinks the Little Rock/North Little Rock metro is a hot spot for a new place to call home. "Compared to the rest of the country, Little Rock has been a steady market."

Jarrod Woodley is working with Tvedten to sell one of his properties. He says, "This is about my eleventh project. I take older properties, I usually like the historic properties, and i fix 'em up and hopefully I make a great home for someone to live in."

He hopes this good news of the housing market means a sell.
"I would say this has been a much easier market to buy houses in. A little bit harder to sell in, to dispose of but as far as buying..."

Across town, Dan Irons and his family are searching for a house to lease, He says, "I came from Austin, Texas, and the market dropped significantly there you could tell. And people couldn't sell their homes. Here it never seemed to be a problem. Homes are moving quickly."

Irons is saving up to build a new home next year--something else good for the market. "We would've liked to have bought because the market is actually very good for buying."

Selling, buying or building: A phrase often repeated still rings true, now with research to prove it. All three men say "This is a buyer's market."

Oh, and Tvedten and Woodley dropped the price of that home in Capitol View by $600 Wednesday afternoon, just minutes after this interview.

It truly is a buyer's market.

Real Estate