The State Of Foreclosures In Arkansas 2014

The current trends in housing market depict improved statistics for Arkansas home foreclosures and property prices. The average price of a three bed room home is estimated to be $157,000. Compared with 2013, this was a drop of over $20,000. Even more interesting, is the fact that Fayetteville, one of the major cities in the state, is experiencing a reduction in prices. And to be more precise, these prices are a clear 5 percent less compared to those of 2013. The effect has been a favorable one, and has led to the creation of job opportunities hence increase in selling or buying.

Little Rock, which happens to be the most populated city, currently, has a statistics of 30-35 percent for re-sales of foreclosure homes. This is actually the perfect opportunity for potential buyers of Arkansas home. The notable counties in Arkansas such as Craighead, Benton, Washington, Pulaski and Jefferson, each has a population of 50,000 or more. The overall population for this state is at 2,889,450. 732,261 of this number live in family households, with more than three thousand living in five bedroom houses.

The average foreclosure rate of Arkansas is 0.03 percent. As compared to the national average of 0.08 percent, this rate quite lower. The average income in this state is $39,267 which is lower than national rate of $51,914. And although unemployment rate is at 6.1 percent, this rate is better compared to the national unemployment of 6.3 percent.

Currently, there are quite a number of properties in Arkansas which are in the state of foreclosure. As a matter of fact, the number of homes that were listed for sale on RealtyTrac is sixty eight. In June, the properties which received foreclosure filing reduced by 80 percent from the previous month. Compared to 2013, this figure was 67 percent lower.

The sales for May 2014 remained the same as those of April. However, there was a straight 100 percent reduction compared with a year ago. The median sales price was $0 for both a non-distressed home and a foreclosure home.

Selling a house can really be a challenging task, particularly when you need to make a quick a sale. Apparently, we know the downturn in real estate market, which has caused many home owners to lose their properties and equity. For the individuals who manage to find buyers successfully, the problem arises where the market value is less than they owe.

We have several years of experience with homeowners who have found themselves unable to settle their mortgage. In many cases, we work with your lender so that we take over your payments. If you are worried about foreclosure, the time is now. Take action! Do not allow your house to go into foreclosure, contact us!

We buy houses in Houston regardless of their conditions. As such, you do not need to worry about repairs, and the best part? We can take over your payments if you have fallen behind. Not to forget, there are totally no obligations required. Get a free home offer today and feel the difference. Our main aim is to satisfy our customers, and that is why we are the best cash home buyers in Houston.

If you need to sell your house fast in Arkansas, we might be able to help. All you have to do is just fill out the form below and have an expert take a look at your case: