Arkansas
Report: New builds dominate home sales in Northwest Arkansas – Talk Business & Politics
Arvest Bank has published the latest Skyline Reports on residential and multifamily real estate in Northwest Arkansas for the latter half of 2023. The bank sponsors the biannual reports completed by the Center for Business and Economic Research (CBER) at the Sam M. Walton College of Business at the University of Arkansas.
In the residential sector, home sales saw a 2.1% decline in the final six months compared to the same period in 2022 and a significant drop of 22.5% compared to the latter half of 2021. Notably, new construction homes accounted for 39.9% of all homes sold, the highest percentage since the inception of the Skyline Report in 2004.
“The increasingly high percentage of new builds indicates a couple of market trends,” said CBER Director Mervin Jebaraj, the lead researcher for the Skyline Report. “One is that current homeowners are less likely to make an in-market move because of higher interest rates, as most people don’t want to replace a 3.5% mortgage with one at 7.0% or higher.
“Secondly, many new home developers offer assistance by paying points that reduce a loan’s interest rate. Some homebuilders might also be helping buyers with other incentives like including appliance packages with new homes.”
A result of that trend is that inventories of existing homes for sale have risen. Two years ago, at the end of 2021, there were 584 homes for sale in the MLS database. That number increased to 1,618 at the end of 2022 and 2,119 at the end of last year, representing a 263% increase.
Jebaraj also discussed the need for regional coordination regarding rezoning along the U.S. Highway 71B corridor.
“With all four major cities in the region having mayoral elections later this year, I hope we use the opportunity to seek public support for re-imagining the 71B corridor to allow transit-oriented denser housing growth closer to the city centers,” he said. ‘As the region continues to grow population, a coordinated approach to redevelopment among the four big cities would go a long way towards solving many of the housing issues and disruptions from unplanned growth we are experiencing.”
MULTIFAMILY
In the multifamily market, the region’s overall vacancy rate rose from 2.2% a year ago to 3.1% due to 10 new apartment complexes with almost 1,700 new units entering the market. Even with the influx of new rental units, the cost of renting continued to climb, with the average lease rate moving above $1,000 per month for the first time.
“While the multifamily vacancy rate increased, it is still very low nationally,” Jebaraj said. “And with so many new complexes entering the rental market toward the end of the year, it takes some time for new properties to get leased up. I suspect that the vacancy rate today is lower than it was at the end of the year.”
“It is obvious that higher mortgage interest rates are having an impact on the housing market in Northwest Arkansas,” said Gene Gates, executive vice president and loan manager with Arvest Bank in Fayetteville. “At the same time, the region continues to grow in population, and we continue to see a healthy market to help customers with mortgages. We are also working with apartment developers to secure the funding they need.”
For a PDF of the residential report, click here.
For a PDF of the multifamily report, click here.
Arkansas
Report: Boise State transfer receiver Chris Marshall signs with Arkansas football | Whole Hog Sports
Kentucky had a need at wide receiver entering the only transfer portal window of the offseason. The Wildcats addressed the position again on Day 10. UK has added a second transfer to the room. This is a familiar name to those who follow recruiting.
Arkansas transfer Ja’Kayden Ferguson committed to the Wildcats after his visit to Lexington over the weekend. The wide receiver was a former UK commit who flipped to the Hogs during the 2025 recruiting cycle. Now Ferguson has flipped back to the Big Blue.
Ja’Kayden Ferguson was a three-star recruit out of Metro Houston who picked Kentucky following a June official visit ahead of the 2024 season. However, Ferguson decided to open up his recruitment five months later and flipped to Arkansas. The 6-foot-2 receiver appeared in six games for the Razorbacks as a true freshman and burned his redshirt. Ferguson played just 20 offensive snaps.
The SEC transfer becomes the eighth current full-time scholarship player in Kentucky’s current wide receivers room. Some more additions are expected.
Kentucky transfer commits
| Player | Position | High School | Former School | Year |
| Olaus Alinen | G/T (6-6, 322) | Windson (Conn.) The Loomis Chaffee School | Alabama | Redshirt Junior |
| Jesse Anderson | S (6-0, 180) | Fort Lauderdale (Fla.) Cardinal Gibbons | Pittsburgh | Redshirt Junior |
| Max Anderson | iOL (6-5, 311) | Frisco (Texas) High | Tennessee | Redshirt Sophomore |
| Elijah “Bo” Barnes | LB (6-1, 244) | Dallas (Texas) Skyline | Texas | Redshirt Freshman |
| Jovantae Barnes | RB (6-0, 211) | Las Vegas (Nev.) Desert Pines | Oklahoma | Redshirt Senior |
| Ahmad Breaux | iDL (6-3, 278) | Ruston (La.) High | LSU | Junior |
| Jordan Castell | S (6-2, 213) | Winter Garden (Fla.) West Orange | Florida | Senior |
| Xavier Daisy | WR (6-3, 210) | Norcross (Ga.) Greater Atlanta Christian School | UAB | Junior |
| Ja’Kayden Ferguson | WR (6-2, 187) | Missouri City (Texas) Thurgood Marshall | Arkansas | Sophomore |
| Aaron Gates | Nickel (6-0, 198) | Jacksonville (Fla.) Trinity Christian | Florida | Redshirt Junior |
| Jamarrion Harkless | iDL (6-3, 315) | Lexington (Ky.) Frederick Douglass | Purdue | Redshirt Junior |
| Lance Heard | T (6-6, 330) | Monroe (La.) Neville | LSU | Tennessee | Senior |
| Mark Manfred III | CB (6-1, 175) | Marietta (Ga.) Sprayberry | Missouri | Redshirt Freshman |
| Kenny Minchey | QB (6-2, 208) | Hendersonville (Tenn.) Pope John Paul II | Notre Dame | Redshirt Junior |
| Antonio O’Berry | EDGE (6-6, 240) | Huber Heights (Ohio) Wayne | Tiffin (D-II) | Gardner-Webb | 6th-Year Senior |
| Coleton Price | iOL (6-3, 318) | Bowie (Texas) High | Baylor | Redshirt Senior |
| Spencer Radnoti | LS (6-3, 230) | Canton (Ga.) Cherokee | Georgia State | Redshirt Sophomore |
| Cyrus Reyes | S (6-1, 200) | Taylor (Texas) High | Mississippi State | Junior |
| Hasaan Sykes | CB (6-0, 185) | Tuckert (Ga.) High | Western Carolina | Junior |
| Tavion Wallace | LB (6-1, 239) | Baxley (Ga.) Appling County | Arkansas | Sophomore |
| Dominic Wiseman | iDL (6-2, 300) | Davenport (Iowa) High | South Alabama | Redshirt Senior |
| Adam Zouagui | K (5-11, 188) | Herndon (Va.) High | Davidson | South Florida | Senior |
Arkansas
No. 20 Lady Vols Basketball vs. Arkansas: How to Watch, Prediction, More | Rocky Top Insider
Lady Vols basketball is back in Knoxville for a matchup with Arkansas after a two-game road stand. Tennessee is not only looking to stay perfect in SEC play, but is hosting its annual ‘We Back Pat’ game.
Here’s everything to know about the matchup, from broadcast details to a prediction.
More From RTI: Everything Lady Vols HC Kim Caldwell, PG Mia Pauldo Said After Road Win At Mississippi State
How to Watch — No. 20 Lady Vols (11-3, 3-0 SEC) vs. Arkansas (11-7, 0-3 SEC)
- Start Time: 2 p.m. ET/1 p.m. CT
- Location: Food City Center (Knoxville, Tenn.)
- Watch: SECN+ | PxP: Andy Brock, Analyst: Kamera Harris
- Online Streaming: Watch ESPN
- Radio (Knoxville): The Vol Network/The Vol Network App
- Vol Network radio crew: PxP: Brian Rice, Studio Host: Jay Lifford
Betting Odds
None listed yet
ESPN Matchup Predictor
Lady Vols – 98.3%
Arkansas – 1.7%
What Kim Caldwell Said After Mississippi State
“Good to get a win on the road. We know it’s a tough environment and we know that we got to win on the road in the SEC. It was good to do that. I wasn’t really proud of the rebounding, but I thought we looked a lot better in a couple different categories so that was good.”
Last Five Games
Lady Vols:
- at Mississippi State, 90-90 W
- at Auburn, 73-56 W
- vs. Florida, 76-65 W
- vs. Southern Indiana, 89-44 W
- vs. Louisville (Brooklyn), 89-65 L
Arkansas:
- vs. South Carolina, 93-58 L
- at Alabama, 77-48 L
- vs. Vanderbilt, 88-71 L
- vs. Arkansas State, 81-72 L
- vs. Stephen F. Austin, 82-73 W
Where They Land In Rankings
Lady Vols:
AP Poll – No. 20
Coaches Poll – No. 22
Bart Torvik – No. 13
Arkansas:
AP Poll – Unranked
Coaches Poll – Unranked
Bart Torvik – No. 107
Stat Leaders
Lady Vols:
- Points: Talaysia Cooper – 14.9
- Rebounds: Zee Spearman – 7.3
- Assists: Talaysia Cooper – 4.3
Arkansas:
- Points: Taleyah Jones – 16.9
- Rebounds: Bonnie Deas – 9.7
- Assists: Bonnie Deas – 2.6
Prediction
It’s been a rough start for Arkansas’ new coach, Kelsi Musick. The team is 0-3 in SEC games, and though it’s been against three good teams, the Razorbacks haven’t been competitive in any.
While neither side has been strong, Arkansas’ defense has been the weakest point. Not only is it coming off a game in which it gave up 93 points to South Carolina, but Arkansas State hung 81 in its win over the Razorbacks on the road.
If the Lady Vols don’t get in their own way, then they should be fine. It hasn’t been perfect, and against three teams not necessarily in the mix to win the league, but Tennessee has looked much improved in the SEC slate compared to the lumps it took in the out-of-conference schedule.
I’d think UT jumps on Arkansas in the first quarter and takes a comfortable lead into the second quarter. From there, the lead should continue to grow behind forced turnovers in the press and easy baskets on the other end.
Lady Vols 85, Arkansas 61
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