Hot Springs Market Update
The numbers are in for the first half of the year for residential real estate sales in Garland County, Arkansas and the total sales volume is up 10% over this time last year. if you’ve been keeping up with the economists across the country, you have heard reports that another housing bubble is brewing, however, Warren Buffett says NO. According to Fortune Business News, "Warren Buffett says now is a good time to buy a house, though not as good as it was four years ago. Still, Buffett says he thinks the chances of housing prices collapsing are very low”. While the rest of the country began seeing the real estate market going strong in 2012 with increased prices and multiple offers on properties, it’s “slow and steady” for the spa city. 2016 seems to be the year that we are comfortable to say that the real estate market in Hot Springs is very stable. We’re seeing shorter selling periods and values slowly rising again. Below is an overview of this year’s sales compared to th