Posts from July 18th, 2010

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Housing interest rate lowest since 1971 - Little Rock, Arkansas' Today THV 11 News

July 18th, 2010 by Anonymous

View The Story Online http://www.todaysthv.com/news/local/story.aspx?storyid=109489&catid=2

By Reporter: Katherina-Marie Yancy

Posted: July 18, 2010

The home buyer tax credit brought out buyers, boosting the market. The incentive is now over, but demand is still up due to historically low interest rates.

While we can't predict how long the interest rate will stay below 5%, the lowest average since 1971, this latest incentive could help the housing market step toward recovery and help more families have a place to call home.

Lock boxes are on doors, the open house sign possibly points to your next home and realtors say the housing market has returned to a buyers market.

Karla Martin is a sales associate for Crye-Leike. She explains, "Interest rates are so incredibly low, they're under five-percent right now which...

Click Here to Read More...

Categories: Crye-Leike in the News