Today's Video Headlines: 9/4/24
Homebuyers desperate for a deal might be curious to learn more about a tiny town in Arkansas where homes are selling for just over $400.“There is a surplus of properties—cheap!—that are prime for restoration and redevelopment,” filmmaker Michael Schwarz told Realtor.com®. “But not enough people willing to move to Pine Bluff, or not enough people currently living in Pine Bluff who can afford it.
Schwarz, who spent two years interviewing Pine Bluff residents for his documentary, says he hopes more people move to the community and renovate the low-priced properties.“I’m seeing a lot of interest in the area,” says real estate agent Marty Reed, of Century 21 United in Pine Bluff. “We are seeing investors coming in to fix up properties from the West, since it’s so much more affordable here.”But not all real estate experts agree that revitalizing Pine Bluff will be easy.
However, “Recent cooling has not eliminated pandemic-era growth,” points out Jones. “Home prices were 38% higher than pre-pandemic.”
Real Estate Arkansas Economy Residential Real Estate
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