While real estate has been a bust for a lot of people whose homes have decreased in value, who purchased more expensive homes than they could afford and who have lost their jobs and are unable to afford their mortgages.  The good news is for first-time home buyers.  According to a recent article by Mary Pilon in the Wall Street Journal “The housing bust is creating a new group of winners: first-time home buyers” and “first-time home buyers made up 41% of all buyers at the end of 2008, up from 36% in 2006, according to a recent survey from the National Association of Realtors.”  The incentives for first-time home buyers are large these days.  With home values lowering daily, mortgage rates at historic lows and an $8,000 tax credit, it’s hard for first-time home buyers not to take the plunge.  Real estate values are not going to stay down forever and with the incentives at hand first-time home buyers stand to come out ahead when all is said and done.

For a complimentary search of the Sedona MLS and access to all property currently on the market in Sedona AZ, visit www.claudiaault.com. For the best in Sedona Real Estate service and knowledge, contact Claudia Ault at 928-301-3016.

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