According to the National Association of Realtors the Federal Housing Administration is key to the housing market recovery process.

With the collapse of many major banks the FHA has come into the fold as the primary source of financing for millions of Americans looking to purchase a home.

Over the past 18 months, FHA has handled an increase in volume four times greater than 2007 levels, increasing its market share to over 30 percent. Also the U.S. Department of Housing and Urban Development has made a number of important and valuable changes to FHA over the years that has enabled it to stand up to the challenges of today’s mortgage market

FHA has handled its role and volume increase well, for instance in utilizing the $8,000 first-time home buyer tax credit to allow buyers to apply it toward downpayment requirements. This has helped bring much stability to the national real estate market.

Here in Sedona the market is recovering well. Buyers are taking advantage of a great selection of inventory available, low mortgage rates and increasing levels of financing becoming available.

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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