Sedona Real Estate Blog
I will devote this blog to the market conditions and various articles of interest about Sedona and the Verde Valley including Cottonwood, Camp Verde, Lake Montezuma, Page Springs, and Cornville.
ARCHIVED BLOG POSTS
2008
HERE ARE SOME NEW STATISTICS ON THE CURRENT REAL ESTATE MARKET IN SEDONA FOR BOTH VACANT LAND AND RESIDENTIAL RESALE. BE PREPARED... IT AIN'T PRETTY. COMPARING CLOSED TRANSACTIONS FROM JAN-MAY 07 VS JAN-MAY 08.... RESIDENTIAL RESALE - PRICE HAS DROPPED BY 12% VACANT LAND MARKET - PRICE HAS DROPP...
05/28/2008
I HAVE BEEN TOLD BY MY COLLEGUES IN THE LENDING BUSINESS THAT WITH THE NEW TIGHTENING OF THE FED MONIES - HUD MORTGAGES THAT EXCEED THE NEW LOAN LIMIT OF $417,000 MAY, AND THAT'S THE WORD - MAY REQURE 2 SEPARATE APPRAISALS. ESPECIALLY, IF THE BUYER'S LOAN TO VALUE IS 95% AND IT IS IN A DECLINING ...
05/07/2008
IN THE SEDONA MARKET WE ARE STILL IN TROUBLE AND WE ARE IN A MAJOR MAJOR BUYER'S MARKET. I HAD ONE CLIENT ASK ME IF THE FEDS RECENTLY LOWERING THE INTEREST RATES THIS PAST WEEK WILL HELP OUR MARKET AT ALL? THE FEDS LOWERING THE INTEREST RATES REALLY HASN'T EFFECTED THE HOME BUYING INTEREST RATE...
05/01/2008
Real Estate Resources
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