LITTLE ROCK, Ark. (KTHV) -- If you're looking to buy a home in the Village of Wellington development in West Little Rock, there are a few up for sale.
Doug Smith, a broker with Atkins, McNeal, Smith & Associates Realty says the number of homes that are selling compared to this time last year is on the rise. The reason: low interest rates.
"The interest rates right now are unbelievable. People will not be able to pass up these interest rates. Four percent for a thirty year loan? I mean, whatever the economy is, people are going to say, I want that," says Smith.
According the Arkansas Realtors Association, Central Arkansas has seen a 20 percent increase in homes sold this July compared to last July, a report that brings a bright side to the realty market.