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11-19-2008, 09:08 AM
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Junior Member
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Join Date: Nov 2008
2 posts, read 1,129 times
Reputation: 10
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Thinking of moving to the bentonville, rogers, bella vista area
We are thinking of moving to bentonville, rogers, or bella vista areas but are concerned with all of the foreclosures in this area. Can anyone tell me why there are so many? What would be a good area to look at?
We appreciate your help.
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11-19-2008, 09:44 AM
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Senior Member
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Join Date: Jan 2007
456 posts, read 389,541 times
Reputation: 79
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Quote:
Originally Posted by Pal126
We are thinking of moving to bentonville, rogers, or bella vista areas but are concerned with all of the foreclosures in this area. Can anyone tell me why there are so many? What would be a good area to look at?
We appreciate your help.
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Its probably for the same reason it is everywhere. People simply got too many easy loans and now can't afford homes they shouldn't have been able to afford in the first place. |
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11-19-2008, 01:02 PM
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Senior Member
Status:
"Ready for Christmas lights!! =)"
(set 9 days ago)
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Join Date: Apr 2008
Location: ~Arkansas, USA
477 posts, read 292,645 times
Reputation: 146
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Quote:
Originally Posted by GetmeoutofAR
Its probably for the same reason it is everywhere. People simply got too many easy loans and now can't afford homes they shouldn't have been able to afford in the first place.
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I agree. Though Arkansas has cheaper living than many states, we are still feeling the housing crunch just like the rest of America. It's really a great time to buy in my opinion. Selling on the other hand is horrible. |
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11-19-2008, 01:29 PM
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Give Blood, Play Hurling!
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Join Date: Dec 2006
Location: The Rock!
2,375 posts, read 1,858,993 times
Reputation: 600
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The NWA area is also terribly overbuilt, I hate to say. Why go buy a foreclosure when there are brand new construction homes in the area that are a year or so old but still never been occupied? I'm afraid that area is going to see some pretty hefty price drops in order to correct. However, there still seem to be plenty of jobs available and new companies relocating there bringing more jobs. I think the market will correct itself and get healthy more quickly than many other parts of the country.
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11-19-2008, 02:24 PM
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Senior Member
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Join Date: May 2007
Location: Bella Vista, Ark
9,885 posts, read 4,635,306 times
Reputation: 1797
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I agree with Stormcrow, forget the foreclosures and buy something, either new or well kept in a nice neighborhood.
I am not sure the foreclosure rate is much different here than in most parts of our country...
This is a great time to make a move, get in to something you like while property prices are down..
Stormcrow, I think the property have already come down a heck of a lot and yes, may ease somemore.
NIta
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