Local Sedona Verde Valley Market updates

Looking for your dream home now requires business first, showing second and a “hold on… not so fast” component. What Home Buyers Need to Know Post-National Association of Realtors Settlement The recent settlement between the National Association of Realtors (NAR) and the Department of Justice (DOJ) introduces several changes that will affect how home buyers […]

Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Let’s connect so you know what’s happening with home values in our local area. Sources   https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-dec-2022.pdf https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/2023/mortgage-finance-forecast-aug-2023.pdf https://www.fanniemae.com/media/45801/display https://www.fanniemae.com/media/48726/display https://twitter.com/NewsLambert/status/1671900591113609216 (Morgan Stanley) https://twitter.com/NewsLambert/status/1671556169712672768 (AEI) https://www.zillow.com/research/data/ […]

August 2, 2022 Sedona Verde Valley Market UPDATE from Erin’s desk: The market shifted considerably in late April 2022 in the Verde Valley. We are now in a buyer influenced market. Easter weekend was like a light switch: “on” up until Easter weekend – then “off” after that weekend.  The shift coincided with lending rate increases […]