The Rise In Northeastern Arkansas Real Estate

In the southern bordering state of Arkansas the real estate market is taking off once again

. After feeling the decline of the home sellers market the city of Jonesboro Arkansas is showing signs of economic recovery. Jonesboro, AR Homes for sale are among the best-valued property in the state. Thanks to the local economic boom of businesses that are getting back on their feet after the troubling year. The real estate market in the Arkansas college town is steadily climbing once more due to the sales of affordable housing in the town.

As the college students returned to school earlier this fall, the housing market saw an upswing in sales from parents of the students attending Arkansas State University. Because housing prices dropped over the spring and summer months, buyers flocked to the Jonesboro, AR homes for sale to pick up affordable housing for their college bound students that can share the cost of the mortgage by renting out rooms in the houses they purchased to the friends and college classmates.

By turning a depressed real estate market into a lucrative investment, the buyers of the Jonesboro, AR homes for sale are providing superior quality residences to their children that study are the university. With a population around 65,000 Jonesboro is the largest city in northeastern Arkansas. Founded in 1909, the University of Arkansas celebrated its centennial in 2009, and is the second largest college system in the state.

Originally founded as an agricultural school, the college was given university status in 1967. With 12,000 enrolled students, the need for affordable quality housing in Jonesboro has given students an opportunity to move off-campus and enjoy life as tenants and homeowners, while they continue to attend classes. While academics are the root of the university curriculum a number of the players for the schools football team have gone on to play professionally in the National Football League.

As the rest of the country begins to see signs of economic recovery and the price of houses for sale levels off and starts to rise once again, the residents of Jonesboro are grateful for their real estate turnaround that took place over the summer and has allowed the number of bank owned properties to decrease as the number of new homeowners that have taken advantage of the low cost of ownership associated with the Jonesboro real estate market.

Jonesboro AR homes for sale that have been included in the bank sales and recent real estate sales of the sellers have helped to strengthen the local economy. By making the most of a bad situation the real estate brokers and agents in Jonesboro are once again riding high as they cheer the home team of college student homeowners on to victory.

by: Art Gib

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