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Housing market sees positive numbers

(KTHV) -- Both the numbers of houses sold and the median price for sales grew in the Little Rock/North Little Rock market from June 2010 to June 2011.

But nationally, the numbers aren't as promising. The National Association of Realtors says home sales fell 0.8 percent last month to a seasonally adjusted annual rate of 4.77 million homes. Economists say that's far below the 6 million homes per year that must be sold to sustain a healthy housing market.

"It's just a beautiful place to live. Little Rock is a wonderful place. We have a lot of stuff to do. It keeps growing," says Joel Tvedten, owner of River Rock Realty.

Home sales down in central, northwest Arkansas

Home sales down in central, northwest Arkansas

The June numbers are in and homes sales were down in June.

Why? Numbers from 2008 through June 2010 were inflated by tax credits for first time and repeat home buyers. The July 2011 reports will be the first ones in a long time in which apples-to-apples comparisons will be possible. When that report is available, we'll start to get a better handle on how healthy housing markets in the state's two largest metro areas are or are not.

For a copy of the full reports for central and northwest Arkansas and some explanations as to why markets were still lagging in June, just click here.

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

Larry's Pizza looks to Hot Springs, Little Rock; Jimmy John's set for capital city

One location restaurant chain prepares to expand in Little Rock, while a national name is setting its sights on well-trafficked corner of the capital city, according to this week's Arkansas Business newspaper.

First, Larry's Pizza, the buffet-style pizza slinger that opened its first location in southwest Little Rock in 1992, is adding a second west Little Rock location, this one at 801 S. Bowman Road. The space once housed Dragon Palace Buffet at the Bowman Station project. The new Larry's will be about 7,500 square feet.

But the chain isn't stopping there.

Wal-Mart sets sights on Little Rock for new Neighborhood Market

Wal-Mart sets sights on Little Rock for new Neighborhood Market

LITTLE ROCK, Ark. -- Wal-Mart Stores Inc. of Bentonville is nearly always looking to add to its stable of discount stores, grocery stores and warehouse clubs. Now, there's more signs that the world's largest retailer is about to set up a shop in a part of Little Rock that's in need of a new grocery store.

Arkansas Business has been reporting word on the pending deal since last year, when it first heard that Wal-Mart was scouting sites for its Neighborhood Market stores.

Pulaski Co. ranked among nation's most affordable communities

Pulaski Co. ranked among nation's most affordable communities

LITTLE ROCK, Ark. -- Bloomberg Business Week has named Pulaski County as one of the most affordable places to live for families in America. See why.

Offering HOPE to first-time homebuyers

Offering HOPE to first-time homebuyers

LITTLE ROCK, Ark.