Well A FED Rate Hike affect the Sedona Home Market
With the current roll coaster ride of the stock market in the last few days, there is lots of questioning from my clients if the raising of interest rates will effect the Sedona Real Estate Market. Since Sedona is a secondary market with the majority of our home owners as second and third home buyers - any kind of flux in the interest rates usually does effect our market. Typically we have 1/3 of our buyers who lay down cash - and the wild ride of the market does effect their discretionary money. But when the FEDS raise interest rates ( and my crystal ball is broken - but if I was a betting person - I would say they are going to raise them slightly) it has an impact on Sedona homes for sale. If the FEDS rais the interest rates by 1% in September, I don't believe that will stop the buyer's from buying in the Sedona Home Marketplace. It may stop the fast pace of the seller's pricing but not the buyer's buying. For all your real estate needs, please call, email me here, or visit my website at www.sedonahomesweethome.com
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