Arkansas State Banking Department Information

Arkansas State Bank Department http://www.state.ar.us/bank/banking1.html Ms. Candace A. Franks Commissioner cfranks@banking.state.ar.us 400 Hardin Road, Suite 100 Little Rock, AR 72211 Phone: (501) 324-9019 Fax: (501) 324-9028 For Consumer Complaints email: John Ashby - jashby@banking.state.ar.us Kevin Mosley - kmosley@banking.state.ar.us List of state & nationalFinancial Institutions (by city): http://www.state.ar.us/bank/InstitutionList.html The housing bubble did not hit Arkansas, but the slowdown is evident; the market in Arkansas did not flourish on the same scale as in other states in 2004 and 2005. In both years, the state saw modest gains of 3.0% and 8.1%, respectively, in real residential construction. However, compared to the double-digit growth seen in most other states, this growth was minimal, and the Arkansas housing market is still expected to decline in the years to come. Housing starts tumbled in the third quarter, down almost 19% from a year earlier, the second decline in 2006. Housing starts are expected to continue to moderate into the second quarter of 2007. In the fourth quarter of 2006, Arkansas home prices (a measure of the movement of existing single-family house prices) decelerated to 4.5% from a year earlier, the lowest growth in median home prices since the first quarter of 2004. The housing market has been down in 2007. Through October, the number of homes sold in Arkansas was 25,735, off 9.11 percent from the same period in 2006. In the first quarter of 2008, housing starts will be off more than 30 percent from the same period in 2007. And housing sales will be off nearly 20 percent.

For current Arkansas Mortgage Rates please visit:
http://shoprate.com/arkansas-rates.aspx