We all know that Sedona makes a fantastic place to live, work in play!
Well, now is still the time to grab yourself a steal of a deal on a home in Sedona!
Nationwide home sales data has been released and the data is mixed. NAR (The National Association of Realtors) has released information on its Pending Home Sales Index which shows that pending home sales have decreased a little as a reaction with the ending of the homebuyer tax credit. As Lawrence Yun, NAR chief economist has said lower home sales are expected in the short term however he notes that with exceptionally low interest rates then the market is expected to absorb the remaining inventory relatively quickly. He may be right, mortgage applications have been said to have been on the up according to the Mortgage Bankers Association with applications up 2% alone last week.
Of course this is the level of contracts, the level of closings or true sales is quite different. Released at the end of last month, single family sales jumped by 24% seasonally-adjusted basis over May, and were 19% above the totals for June 2009 nationwide. Also, home prices are said to be 1.3% higher compared with the month before, but they gained 4.6% year-over-year.
Despite what appears as a mixed bag of data, overall the feeling is positive – particularly here in Sedona with its budding arts scene and great community!
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Realty Times poses the question: Arizona: Is Now THE Time to Invest in the Grand Canyon State? The answer seems to be a very firm – YES! If you have decided that you would like to own a home in Sedona as a full time resident or part time then contact AULT&ASSOCIATES 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 or Larry Ault at 928-301-0852








