This is the third consecutive week that mortgage rates have moved higher. The weekly average rate on a 30-year mortgage has remained above 7% since mid August and is now at the highest level since mid-December 2000, when it averaged 7.42%. read more >
The pace slowed 8.7% in August from the previous month to a seasonally adjusted annual rate of 675,000 properties, the Department of Commerce reported this week. read more >
The financial center is one the first prototypes for Simmons Bank, and it will be used to remodel existing branches and build new financial centers across the bank's six-state footprint. read more >
Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings below 80 for future expectations historically signal a recession within a year. read more >
A recent poll of 541 of the state's chief executives revealed a mix of confidence and apprehension as they assessed the current business climate and looked ahead to future conditions. read more >
States such as California, Florida and Louisiana, which are prone to wildfires and damaging storms and flooding, are likely to see the most dramatic increases in premiums. read more >
Some of the people paying closest attention to the birth of a lithium industry in south Arkansas are the landowners with mineral rights leased out for their underground brine. read more >
Club Car Cash has 13 other locations in operation or in development in Arkansas. read more >
Apartments, warehouses and homes form this week’s team of million-dollar real estate transactions in Pulaski County. read more >
A Walgreens pharmacy in uptown Fayetteville was purchased by Spectrum Link LLC. read more >
The eight-unit apartment building in the Hillcrest area of Little Rock was purchased by 4611 Woodlawn Properties LLC and Equity IRA LLC. read more >
The Combs family of Missouri doubled the size of its bank holdings with the purchase of Stone Bank. read more >
The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%. read more >
Existing home sales fell 0.7% last month from July to a seasonally adjusted annual rate of 4.04 million, the National Association of Realtors said Thursday. That's below the 4.10 million pace that economists were expecting, according to FactSet. read more >
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing. read more >
Meanwhile, price growth in the red hot market has slowed to single digits. read more >
Staci Avery and Jennifer Scarbrough join First Community Bank of Batesville. read more >
Take simple steps to avoid the compounding effect of multiple, incomplete stress cycles. read more >
The more real estate students learn about construction and vice versa, the better our job pool will be. read more >
The 538-unit mini-storage property in south Pulaski County was purchased by Pratt Road Storage (AR) LLC. read more >
