The Chinese, World Market Economy, Consumer Confidence, and an ELECTION Year all takes it's toll on the Real Estate Market, and the Sedona Real Estate Market is no exception. In all likelihood these 2 facts will hold true going into the New Year.
Interests Rates Are Expected to Stay Low:
Many experts predict that mortgage rates will rise only slightly and continue to stay low.
Slower Increase in Home Prices:
Many experts suggest that there will be a balancing out between real estate market prices and their actual values. In the past few years we saw a spike in listing prices that are now projected to come back down - or increase at a much slower pace. Realtor.com notes that, “This slowdown is not an indication of a problem - it’s just a return to normalcy”.
Good news for buyers and Good News for Seller. For all your Sedona Real Estate Needs, call or text me at 928-302-0669, or visit my website at www.barbarabakerrealty.com