Bethel Heights
REAL ESTATE
Northwest Arkansas "seriously underwater" mortgage rate is half state average
Data: Attom; Map: Tory Lysik/Axios VisualsArkansas had the sixth-highest rate of mortgaged homes considered seriously underwater at 5.7% in the first quarter of this year, a report by Attom states.Why it matters: That means these folks owe more in mortgages than their home is worth — a horrendous financial situation if they need to sell their house.State of play: Many U.S. homeowners are sitting on a mountain of equity after years of rising house prices; however, a disproportionate share of mortgage holders in the South and Midwest are underwater on their loans.Zoom in: The rate was 2.3% in Benton County...
Good Problem to Have: NWA Market Reflects Growth; Central Arkansas Steady
Call it a good problem to have, but people continue pouring into northwest Arkansas to the tune of 30 people per day on average, and the commercial real estate market reflects as much. “The commercial real estate market in northwest Arkansas is experiencing unprecedented demand propelled by continued strong job...
American Dream Deferred: Regulations Rock Residential Real Estate Market
Long gone are the days when an average American can buy their first home for $12,000. As cost of living increases and wages continue to stagnate in many parts of the country, homeownership for many has gone from a rite of passage to a distant dream. Younger generations have reported...
Interstate Fuels Growth in NEA
Northwest Arkansas hogs much of the attention in the state when it comes to commercial real estate, but the state’s other upper corner has experienced its own growth spurt. Jonesboro, the de facto capital of northeast Arkansas, now boasts a population of more than 80,000 residents and a metro count of 135,000-plus.
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