The media often have negativity about the housing market nationwide, however the latest data from the National Association of Realtors shows that in July the number of existing home sales increased!

In fact, the level of existing home sales rose to its highest level for 5 months! Despite this excellent news the median home price for the nation was down slightly over last year, meaning that there are bargains to be had out there and now truly is the time to buy with predictions for growth in the fourth quarter of this year.

The President of NAR, Richard Gaylor says that it is hoped that the new housing stimulus package combined with other numerous new tools will be utilized by buyers and an increase in the market be seen. It is expected that 2009 will bring much stability and that analysing the data from 1968 onwards it shows that housing generally appreciated 1-2% above the rate of inflation in a given period, meaning that homeownership is a great way of building wealth.

If you are looking for a property in Sedona or the surrounding Verde Valley area then please contact the Claudia Ault Real Estate team in Sedona for professional Real Estate assistance. You can contact Claudia and her team from her website: www.claudiaault.com

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