Home Sales Hit Record Low - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jonesboro, AR -- Gia Hill Reports

Home Sales Hit Record Low

February 27, 2006 -- CST

 

JONESBORO, AR -- It looks as if the housing market is losing its shine. Sales of new homes were at a record low last month.

 

Last year was a tough fourth quarter, and then January and Feburary have been a little slow," said Sherlyn Blackwell of Fred DacuS Associates. 

 

It may be a little slow, but Blackwell is still optimistic

 

"From all indications we're rebounding very well and March is going to pull out for us," she said. 

 

Although Region 8 was not affected heavily, she believes there's a reason for the drought.

 

"I think it had alot to do with the hurricanes," she said.  " The fourth quarter...I think there was a lot of doom and gloom and that really plays on people's mind."

 

Blackwell said that eventhough sales are down at this time, she's not breaking a sweat because it's only temporary.

 

"We have a lot of folks movin into Region 8...a lot of folks coming in with the new mall, so we expect great things."

She hopes to rebound very soom from the now, cold housing market to a red-hot market.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Piecing together works of art

    Piecing together works of art

    Friday, July 20 2018 11:07 PM EDT2018-07-21 03:07:55 GMT
    Friday, July 20 2018 11:48 PM EDT2018-07-21 03:48:33 GMT
    Quilting is taking on a new look. (Source: Sam Hummelstein)Quilting is taking on a new look. (Source: Sam Hummelstein)
    Quilting is taking on a new look. (Source: Sam Hummelstein)Quilting is taking on a new look. (Source: Sam Hummelstein)

    Threads of Life Quilt & Fiber Art Show showcases creativity in a fundraiser to benefit St. Bernards Senior Services.

    Threads of Life Quilt & Fiber Art Show showcases creativity in a fundraiser to benefit St. Bernards Senior Services.

  • JPD investigates allegations against the Salvation Army

    JPD investigates allegations against the Salvation Army

    Friday, July 20 2018 11:05 PM EDT2018-07-21 03:05:04 GMT

    Jonesboro police are investigating the Salvation Army after allegations of misappropriation of funds by an employee.

    Jonesboro police are investigating the Salvation Army after allegations of misappropriation of funds by an employee.

  • Jonesboro sees economic growth, industry magazine notes

    Jonesboro sees economic growth, industry magazine notes

    Friday, July 20 2018 10:24 PM EDT2018-07-21 02:24:45 GMT
    Friday, July 20 2018 10:51 PM EDT2018-07-21 02:51:46 GMT
    Jonesboro Municipal Center (Source: KAIT)Jonesboro Municipal Center (Source: KAIT)
    Jonesboro Municipal Center (Source: KAIT)Jonesboro Municipal Center (Source: KAIT)

    The Jonesboro area economy is a strong selling point for businesses, officials have said for years, and a national publication now says the area is the best in the South and Southwestern United States. 

    The Jonesboro area economy is a strong selling point for businesses, officials have said for years, and a national publication now says the area is the best in the South and Southwestern United States. 

Powered by Frankly