Paramount for the developers is a high regard for responsible planning and land management which is the driving force behind their low impact development approach.  You will notice they have preserved the natural vegetation along the roadway while entryways and buffer areas contain a mix of hardwoods, pine, native trees and vegetation.  The result – an environmentally sensitive, green neighborhood and Arkansas' first and only Green Certified Neighborhood

While Woodlands Edge has expanded to more than three times its original size not all of the land has been planned and most of it is yet to be developed. Today there are approximately 400 family homes and it is estimated that there will be from 700 to 800 families living in Woodlands Edge when it is fully developed.  This planned development includes an active POA that manages the business and all facilities owned by the Association.  Currently there are 5 miles of hiking trails and when completed a total of 12 miles will pass through many of the preserved greenbelts.  Families can enjoy the pool, club house, tennis courts, playground and picnic area as well as a fishing lake, Hidden Pond, that has been stocked by the Arkansas Game & Fish commission and is open for catch and release fishing only. Many of the residents agree that Woodlands Edge “Feels like we’re living in the country” and you often hear comments like “We love the space! Homes are not crowded together.”  Woodlands Edge – Come discover what they are talking about.

Do you have a favorite neighborhood you would like highlighted – let me know.  My goal is to showcase how great a place Little Rock and the surrounding areas are to live in.   If you would like more information on Central Arkansas homes give me a call at 501-580-3649.

Current Active Listings

Act. Hms                     List Price Range           SF Price Range       Avg Days on Mkt

  30                              $225K-$1,250K                 $73-$180                          109    

2011 Sold Activity

Sold Hms                    List Price Range           Sale Price Range    Avg Days on Mkt

 50                                $199K-$1,295K             $192K-$1,200K                  69

Do you have a favorite neighborhood you would like highlighted – let me know.  My goal is to showcase how great a city Little Rock is to live in.   If you would like more information on Central Arkansas homes give me a call at 501-580-3649.

Click to download a PDF of the full report.

Despite the decline, the assocation report on the 42-county area shows a rise each month of this year, beginning with 1,265 homes sold in January and reaching 2,346 homes sold in June.  First quarter results are 4,558 homes sold and 6,607 homes sold in the second quarter.

"Our data also shows that June home sales were 9 percent higher than May, and that home prices increased by 7 percent during the two months," Amy Glover Bryant, the Arkansas Realtors Association's communications director said. "I feel confident that this upward trend will continue and we will see a sizable jump in July's housing numbers."  This is welcomed news for home owners who need to sell their property.  Despite the summer heat homes sales have been good and a 6 percent rise in home prices may be just what sellers need to encouarge them to enter the market.

Interest Rate              House Price                          Savings/Purchasing Power

1/2 percent decrease      $400K                                     $25,000

1/2 percent decrease      $200K                                     $12,500

1 percent decrease         $400K                                     $50,000

1 percent decrease         $200K                                     $25,000

2 percent decrease         $400K                                     $100,000

2 percent decrease         $200K                                     $50,000

Interest rates on 30 year loans are in the 4.25-4.5% range and for 15 year loans - just under 4% for those with excellent credit scores.  If you are waiting for prices to go lower or the interest rate to go lower - DON'T!  We are getting indications that interest rates are to rise by first quarter of 2011.  And if the interest raises by the same percent - you LOSE that much saving or buying power.  Have we hit the bottom of the market - How much will interest rate rise - don't know.  But NOW is the time to act!  To see all my listings go to www.LittleRockARhomeSource.com.

Even with the tax credit eliminated for new buyers, there has never been a better time to purchase a home.  Interest rates are at record lows.  Contact me for more information.

FHA insured mortgages for purchases and non-streamline refinances will increase from 1.75% of the base loan amount to 2.25% and streamlined FHA refinances (refinancing an FHA underlying mortgage) will increase from 1.5% to 2.25%.

The following changes should take place for FHA loans by early summer:

• Seller contributions towards allowable closing costs reduced from 6% to 3%.
• Increasing the down payment requirements for lower credit scores (risk based underwriting).   Buyers with a 580 score would need a minimum of 10% down payment.   The upfront MIP increase will go into effect just 25 days before a home buyer needs to be “in contract” to qualify for the home buyer tax credit.

A delay in purchasing a home can cost you more money. If you are thinking of purchasing a home get to your mortgage lender today and get your financing in order.

Many home buyers, sellers and residential real estate professionals alike are interested in knowing how the 2008 market is going to shape up compared to that of 2007. While the residential real estate market is 23 days old in 2008, here is what we know so far about the market in West Little Rock Arkansas.

Friday, December 17, 2007, the Senate passed a bill (93-1) to increase the maximum FHA loan amount to $417,000 for a single family residence. The current limit is $362,000. This loan amount matches the current conforming loan amount for conventional loans.  This will give some homeowners struggling with a decline in value the opportunity to refinance their current loans into a more stable FHA loan.

If you need assistance with a home in Central Arkansas give me a call - 501-580-3649.