Little Rock Housing Market Ranks #4 in U.S.
Wednesday, July 20, 2011 at 11:27AM Share Article Here at Parkinson Building Group we love to bring you updates on trends and styles but from time to time also want to help keep everyone informed on what is going on in today's real estate marketplace.
That is why I was interested to see a few articles on CNBC recently that discussed both the housing market nationally and locally. Nationally, the Commerce Department said housing starts increased 14.6 percent to a seasonally adjusted annual rate of 629,000 units, the highest level since January.
Locally, Little Rock came in at #4 in a list a cities virtually untouched by the housing bust.
4. Little Rock, Arkansas
Change from national peak: +2.6%
Current ZHVI: $123,300
Year-over-year change: -2.70%
Comparison to National Average
Underwater mortgages: 27.5% below the national average
Foreclosure re-sales: 65% below the national average
All of this is good news for the housing market here in Central Arkansas. And we at Parkinson Building Group are excited about the year ahead.
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