You have great timing if you are ready to buy a home. NW Arkansas home prices are the lowest since 2004-2005. In addition there is an $8,000 tax credit for first time home buyer’s who purchase before April 30, 2010 and a $6,500 tax credit for other’s if you qualify. Interest rates are some of the lowest in the last 30 years and there are a record number of homes for sale.
All of these factors coming together at the same time not only make it a buyer’s market but a GREAT buyer’s market.