Three years ago, this article dealt with the advantages buyers had in the Flagstaff real estate market. Two years ago, the word “balanced” was thrown around heavily. Now, it’s all about the sellers. It’s also all about cycles. Cycles and basic science. What goes up must come down. Taking what we’ve learned in the past decade, one can only hope that lessons were learned and mistakes of the past won’t repeat themselves. Having been in the past cycle of an explosive market, I can say truly it’s … [Read more...] about What to Expect Next in the Explosive Flagstaff Real Estate Market
Sherri Monteith
Real Estate: One of the Oldest, Most Sound Investments
Those of us in the real estate industry or those who were severely affected by the latest crash still flinch when we remember the real estate market in 2009-2012. It was bad. Many home mortgages were underwater (meaning you owed way more on your house than you could possibly sell it for); nearly 70 percent of all real estate transactions from 2009-2010 were either a short sale (making a deal with the bank to accept less than was owed on the property) or a foreclosure. Homes were generally in … [Read more...] about Real Estate: One of the Oldest, Most Sound Investments