Three years ago, this article dealt with the advantages buyers had in the Flagstaff real estate market. Two years ago, the word “balanced” was thrown around heavily. Now, it’s all about the sellers. It’s also all about cycles. Cycles and basic science. What goes up must come down. Taking what we’ve learned in the past decade, one can only hope that lessons were learned and mistakes of the past won’t repeat themselves. Having been in the past cycle of an explosive market, I can say truly it’s … [Read more...] about What to Expect Next in the Explosive Flagstaff Real Estate Market
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Real Estate: One of the Oldest, Most Sound Investments You Can Make
Those of us in the real estate industry or those who were severely affected by the latest crash still flinch when we remember the real estate market in 2009-2012. It was bad. Many home mortgages were underwater (meaning you owed way more on your house than you could possibly sell it for); nearly 70 percent of all real estate transactions from 2009-2010 were either a short sale (making a deal with the bank to accept less than was owed on the property) or a foreclosure. Homes were generally in … [Read more...] about Real Estate: One of the Oldest, Most Sound Investments You Can Make
Investors Looking to Real Estate While Stock Markets Slump
Money managers are having trouble hanging on to money, at least that is what is being reported in Bloomberg Businessweek. They say top asset managers, hurt by slumping stock markets worldwide, recorded billions of dollars of withdrawals in the fourth quarter. Business Insider reported that traders have not bet against stocks this aggressively since 2010. Los Angeles Times headlines read, “Stocks take a dive, weighed down by another drop in oil prices.” But the money that is leaving the stock … [Read more...] about Investors Looking to Real Estate While Stock Markets Slump
Flagstaff Real Estate: 2015 Review and 2016 Outlook
Flagstaff real estate experienced a healthy 2015, and 2016 is predicted to continue that upward trend. Let’s take a look at what happened in 2015. The source for the information provided below is the Northern Arizona Multiple Listing Service and is specific to zip codes 86001, 86004 and 86005. At the time of article submission, most recent statistical data is through Dec. 21, 2015. Appreciation: 2015 saw a healthy overall appreciation of 2.7 percent. The median sales price for … [Read more...] about Flagstaff Real Estate: 2015 Review and 2016 Outlook
Updating Flagstaff Real Estate
June 2012 finds Flagstaff home sales healthier than they were one year ago, but still leaving much to be desired for both buyers and sellers. Volume of Flagstaff single-family homes sold was up over 18% in June compared with June 2011. Driving that volume was a median price drop of 11% year-to-year. For buyers, there is just not much to choose from in any price range. The most selection this month is found in the $300,000 to $400,000 range. Below that range, homes get quickly snapped up so … [Read more...] about Updating Flagstaff Real Estate