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Number of foreclosures increase

Number of foreclosures increase

LITTLE ROCK, Ark. -- A new housing report out earlier this week indicates foreclosure rates in the Metro Area are on the rise. These figures – coming from Ccorelogic – show foreclosure rates up in may 2011 – over one and a quarter percent.

While that's up almost a quarter percent from this same time last year, that rate is actually lower than the national foreclosure rate.

That rate still sits at almost three and a half percent.

The report also says homeowners are doing a good job of keeping up with their house payments.

The local mortgage delinquency rate is over four and a half percent – that's down from what it was at this time last year.

Housing market sees positive numbers

(KTHV) -- Both the numbers of houses sold and the median price for sales grew in the Little Rock/North Little Rock market from June 2010 to June 2011.

But nationally, the numbers aren't as promising. The National Association of Realtors says home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes. Economists say that's far below the 6 million homes per year that must be sold to sustain a healthy housing market.

"It's just a beautiful place to live. Little Rock is a wonderful place. We have a lot of stuff to do. It keeps growing," says Joel Tvedten, owner of River Rock Realty.

Home sales down in central, northwest Arkansas

Home sales down in central, northwest Arkansas

The June numbers are in and homes sales were down in June.

Why? Numbers from 2008 through June 2010 were inflated by tax credits for first time and repeat home buyers. The July 2011 reports will be the first ones in a long time in which apples-to-apples comparisons will be possible. When that report is available, we'll start to get a better handle on how healthy housing markets in the state's two largest metro areas are or are not.

For a copy of the full reports for central and northwest Arkansas and some explanations as to why markets were still lagging in June, just click here.

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

One location restaurant chain prepares to expand in Little Rock, while a national name is setting its sights on well-trafficked corner of the capital city, according to this week's Arkansas Business newspaper.

First, Larry's Pizza, the buffet-style pizza slinger that opened its first location in southwest Little Rock in 1992, is adding a second west Little Rock location, this one at 801 S. Bowman Road. The space once housed Dragon Palace Buffet at the Bowman Station project. The new Larry's will be about 7,500 square feet.

But the chain isn't stopping there.

ARA: Housing numbers down due to severe weather

ARA: Housing numbers down due to severe weather

LITTLE ROCK, Ark. - The Arkansas REALTORS Association released its April 2011 Housing Report this morning.  The report shows the number of homes sold in the 42 county area covered by the report were down 23 percent compared to the same month last year and that average prices for the month were down two percent.   Director of Communications for the Association, Amy Glover Bryant, attributes the decrease to the record amount of rainfall and severe weather the state experienced throughout the month of April and to the ending of the first time home buyer's tax credit.  “As we anticipated the 13 days of rain and severe weather Arkansas experience