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Housing Market Struggles Bring Realtor Rates Down

Housing market struggles in Central Arkansas has one realtor slashing costs just to get deals through the door.
Little Rock, AR - Housing market struggles in Central Arkansas has one realtor slashing costs just to get deals through the door.

It's stemming from people trying to sell the homes they bought during the peak of the market in the early 2000s.

Out of all the listing appointments David Huffman with Huffman Realty in Little Rock has held with his clients this year, more often than ever it's seemed to him like Arkansans are landlocked.

He means their payoff amounts after closing costs and realtor commissions aren't coming out even with the money they've put into their homes.

It's kept some of his home sellers from pricing as aggressively as they might have liked.

It boils down to homeowners not being able to afford selling their home.

"Unfortunately a lot of people just don't have thousands of dollars to be able to bring to the closing table in order to get their homes sold," Huffman said. "So this is our resolution to try to be able to help out Arkansans in order to still be able to have effective representation by a realtor in order to get their house sold."

Huffman doesn't expect to be able to offer this long term. He says this is just what he sees the market needing right now.

Huffman has changed his rates to 3.9 percent, way down from his average of 6 to 7 percent of the sale prices.
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