Posts from July 26th, 2008

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Real Estate Veterans See Market Bottom - The Morning News

July 26th, 2008 by Anonymous

Find The Morning News Online @ www.nwaonline.com

Last updated Saturday, July 26, 2008 4:10 PM CDT in Business

By Kim Souza

The Morning News

SPRINGDALE - Area home sales fell nearly 30 percent in the first half of the year, but three local real estate veterans believe the market basement is visible.

"The local market is bouncing along the bottom in terms of both sales and prices" said George Faucette, president of Coldwell Banker Faucette Real Estate.

Pat Harris, president of Harris McHaney Realtors, sees the floor in front of him. He said financial markets are correcting and real estate will follow by year end.

Harold Crye, an owner of Crye-Leike Realtors, said the market correction is firmly under way.

"Northwest Arkansas will likely struggle to put the gen...

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Categories: Crye-Leike in the News