Summer 2009 is almost here and things are starting to hot up in the Real Estate market!

With signs of a national housing marketing turn around lead by the west of the country as well as a surge of mortgage applications nationwide things are looking on the up!

After all home prices are at their most affordable for decades, consumers are benefiting from the lowest mortgage rates in nearly half a century (with fixed rates in the four percent range!) and there is a great selection of homes available!

In fact, for mortgage applications the increase is welcome news – applications for purchases of resale and new homes were up eight percent for those using conventional loans, and a remarkable 17 percent gain in applications to buy houses using low-downpayment FHA mortgages.

Americans are also feeling more optimistic about the economy with a new poll showing that consumer confidence was up. This also is translated in buyer affordability with 55 million American households being able to afford the median house price – up 45% in the last 24 months.

This is very encouraging news. It is a sign for those who are renting that the time to buy really is now and that they may be left behind if they do not act fast. With 30 year fixed rates so low owning a home is now in many cases cheaper than renting. Combined of course with the $8,000 tax credit for first time home buyers and purchasing a property now is a very attractive option indeed!

If you have decided that you would like to own a home in Sedona as a full time resident or part time then contact Claudia Ault and her team in downtown Sedona.

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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