In general, across the U.S. there has been a wide variance of housing prices. Some areas have seen as much as a 15% drop in home sale prices, but if your looking at our site, and our area, you won't find anything of the sort.
Hot Springs, Hot Springs Village, and all of Garland county, have actually seen a 1.5% to 3.1% increase in home prices in the first quarter of 2008. Granted some homes have been selling for less than list price, the inflated list price hasn't struck a chord here. Prices are stable, the local economy is stable too, and several future business ventures and expansions are sure to keep things on track. Arkansas as a whole has seen a 1.4% increase in home prices, so besides being one of the cheapest places to live, retire, or vacation, things are looking positive for homeowners. It may be a little slower than last year, but business is still better than 5 years ago, 10 years ago, or even 3 years ago. Don't believe the hype. Take a look for yourself, do the research, look at the numbers. Buying or investing in Hot Springs is still a smart move.