During the depression, Seth Glickenhaus had the chance to make it big in Arkansas — bonds, that is. While a municipal-bond trader at Salomon Brothers, the acerbic New Yorker made a gutsy call: Even though the state of Arkansas was near bankruptcy and
Arkansas, area home prices beginning to normalize5 and April 13, according to figures from the Arkansas Realtors Association. For the first time in several months, the average list prices of homes in the major Arkansas markets (Little Rock-North Little Rock-Conway, Northwest Arkansas, Jonesboro and
University of Arkansas Daily Headlines, AR - Apr 15, 2009
Treasury Returns Affected by Liquidity and Information Risks, New of liquidity on US Treasury securities, a new study by a University of Arkansas researcher documents a strong, positive relationship between expected return on Treasury securities and risks associated with the liquidity of the US Treasury market.
Additional tourists flocking to Oklahoma will have spent about $2.2 million on 30-second TV ads in Oklahoma City and Tulsa media markets, as well as out-of-state media markets. About 80 percent of the television dollars are spent in Texas, Kansas, Missouri and Arkansas, Watkins said.
State-of-art sand dredge dedicatedThe dredge will provide construction sand for local markets, and will also help maintain the Arkansas River's navigational channel. The design process began in 2005, with the processing plant hull assembled in Louisiana and pushed up to the Mississippi
Stock Pros Who Survived the Depression
15.04.09
Irving Kahn sits at his cluttered desk, peering at his computer screen through thick, dark glasses. The Dow inched up 38 points today, a small move in light of its 332-point drop earlier in the week. But Kahn has made a career of betting on beaten-down stocks, and he's hard at work poring over annual reports and studying balance sheets looking for companies that have lots of cash, not much debt and good long-term growth prospects. General Electric has a solid business and looks pretty good at these prices, he muses. General Motors? Not so much.
Like a lot of us, Kahn has seen good times and bad, bull markets and bear markets, recessions and recoveries. But he's also seen something most of us haven't: the Great Depression. Kahn, who still shows up at work every day and puts in a good six hours, worked as a stock analyst and brokerage clerk on Wall Street in the 1930s. He's 103 years old.
That's right — 103. As pundits half their age dominate the airwaves with prognostications on whether the next Great Depression is just around the corner, a small group of overlooked folks who not just lived through it but worked through it — on Wall Street — are still here. What's more, they're still at it, running their own sizable portfolios and, in a few cases, managing money for clients. Despite innumerable bull and bear markets, 17 presidents, and countless economic policies, they've remained remarkably true to their investing philosophy. They've also remained remarkably true to their methods: Forget BlackBerrys; most of them hardly touch their desktop computers. And you won't find CNBC blaring in their offices throughout the day; that's more noise than news to these gentlemen. Instead, you'll find stacks of reading material (these guys actually read a firm's annual report before investing) and a lot of old-fashioned...what do you call it? Oh, right. Math.
Mar 27, 2008 by JD | Posted in Renting & Real Estate
I am trying to get a home loan for a house. We have been prequailfied through USDA Rural Development and we should find out in the next few days if we have been approved. I have heard different things about the housing market. Some say it hasn't been affected here, others say that it has. I would really like to know so I'll know what my shot is at getting a good deal right now!
I'm in Batesville!
It depends where you are in Arkansas.
I am a realtor in NW Arkansas (Washington and Benton Counties), but I don't know about other parts of Arkansas. In my area, this is a phenomenal time to purchase a home. Prices have come down, interest rates are low, and there is a large number of homes on the market, so there is a lot to choose from. It is definitely possible to get a good deal here, but much depends on price range and type of home, as well as where it is.
In some ways the national "housing slump" is not as serious here as in other areas. Although prices have diminished, homes are holding their value to some degree.
The market depends on supply and demand. In the past several years there was a so-called "seller's market". What this means is that there were a lot of buyers and not that many homes available, especially in lower price ranges.
However, now there are a lot of builders who have been constructing homes even in those lower price ranges. For example, it is now possible to purchase a really nice, all-brick home with granite counters, ceramic in wet areas, and other amenities for less than $150K in Fayetteville. This was not possible a few years ago, when there was no new construction in this price range and re-sale homes sold within days. Now homes in that price range are staying on the market for a much longer time.
Much also depends on the price range of home you are looking for. In NW Arkansas there is a glut of homes on the high end. On the medium high end (over $200K) there are also a lot of homes on the market, both new and re-sale homes. Even over $150K.
There are some good deals out there, since there are a fair number of foreclosures and short sales listed by realtors. These do sell fairly quickly. But even other homes have decreased in value. The key is to find one you like and make an offer, especially if it appears to be a "good deal."
My recommendation in this changing market is to use a buyer agent. In Arkansas there is no extra cost to you if the home is listed by a realtor. Ask your buyer agent to do a market analysis on the home you select to give you an idea of what homes similar to the one you have selected have been selling for in recent months. You should expect to sign a buyer agreement with your agent, if you choose to go this route.
One other thing. Since you are getting an RD loan, I will assume you are purchasing a home in a smaller town or in the country. There was an article in the past week in the Arkansas Business Journal that said that land prices have not come down much in Arkansas. This means that if you are purchasing a home in the country with some acreage, the land may give more value to the home, compared to a home in town at the same price. This means you get less home for the money if you want something with acreage.
The other thing with RD loans--there are somewhat strict requirements for the home you will purchase, so that the home will need to be nearly new or in excellent condition to meet the RD requirements. The appraiser from the bank will indicate items that may need to be corrected (if it is an older home), so when you write your offer make sure you allow enough in the repair limit to cover "third party requirements".
I have been penalized in the past for providing my email address in some of my answers. If you have further questions, or if you are in my area, you will have to look for my profile in Yahoo Answers and contact me that way.
I cannot comment on other parts of Arkansas, where conditions may be different than in Washington and Benton Counties.
arealtorlady | Mar 27, 2008
What are some things to do in the River Market (or Downtown) in Little Rock, Arkansas?
Nov 14, 2006 by deballoun | Posted in Other - United States
I am wanting to take my girlfriend on a real nice night out on the town. Little Rock is about 100 miles away from were we live and I would like to do something in downtown Little Rock or the River Market area. Also, any hotel that have decent prices for the weekends would be nice.
Get a hotel, the bars are great!
Jon C | Nov 14, 2006
What are the steps to opening a flea market in Arkansas?
Oct 19, 2008 by angelheart | Posted in Small Business
Hi, I am located in Texarkana, Arkansas, and starting a flea market. I am unsure of the first things I should do. I have idea that, I should get a sales tax id numb, but do I need a resellers permit, what is a resellers permit? Also, a letter of occupancy permit, I was told that I don't need one if I am immediately moving into a building that is occupied already. Anyone please forward me steps to be legal, while operating inside a building, Oh I will be renting booth spaces, am I liable for the tenants taxes. I was told I can collect taxes for each booth by assigning booth numbers than when a purchase is made, I will take that booth number and keep records of its sales. At the time of filing I will just file every ones earning under the business name. This seems like I am actually paying for someone Else's taxes? So, should I make each person who rents from me liable for their own taxes. If so how would I set this up? Meaning does each booth need it's own cash register? One last question, If I am renting to a person, and that person is not around to sell his own items, but I sell them for him. should I charge him a percentage of the sell, as well as rent. Or should I just charge them a monthly fee, and that's it? I know this is a lot, but I need experienced vendors to help me get idea of how to run a successful flea market?
If you have a small business office check with them, go online if not. get in touch with the state and local to be sure about the tax in your city and county and state. check with other similar operations in your area. I have seen both systems work. You may want to set it up so you pay the taxes so you never have to face the state coming in and closing you down because one person does not pay their taxes. Set up your company so it is separate from your personal account. Treat the booth holders as sub contractor's to keep them separated from your operations. you provide them a safe secure pace to do Business and they provide you a product that you can sell for them. Talk to other antique and flee malls or markets to see what they do
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