By now I'm sure most of us know that the tax credit has been extended.  Will this help Flagstaff Real Estatej-which isn't really suffering that much? In my opinion, the credit should be increased and opened up to everyone.  What do you think?

Our local Flagstaff Real Estate market remains pretty much the same; i.e. relatively boring. For Septermbert, the average price of homes is down a fraction from August and the median price is unchanged.  Again, as it relates to single family housing in the city of Flagstaff, it's time to buy. Let me know what you think.  I thank you for reading. Please keep the comments coming and visit Gregg's Blog for regular market info and updates.

Gregg Munson

Associate Broker, ABR, CPDE, e~PRO

*Criteria:  Northern Arizona Multiple Listing Service sold data for City of Flagstaff single family homes.  The city is defined as North West City, South West City, North East City, and South East City.  Condos, townhomes, multi-family, land and commercial properties are excluded as are outlying areas.  The exclusion of outlying areas and well as properties other than single family homes will have an eff

Another good week for the housing market. The S&P/Case Shiller home price index was up for the third month in a row and the rate of annual decline fell for the sixth month in a row! Price increases were reported in 18 of 20 metro areas measured. Many now feel this data indicates the worst of the price declines are behind us. Time will tell.

Hi All: I'm hearing a lot of good things about using Microsoft Bing versus Google Virtual Earth for property searches.  While neither is perfect, I must admit that, for Flagstaff real esstate, I like Bing better than Google Virtual Earth.  If you haven't tried it, do so and let me know your thoughts. Thanks for reading

Gregg Munson

Hi All: One of our local title companies prepare the report noted below.  As my monthly report only analyzes single family homes in the city of Flagstaff, this report sheds a bit more light on the overall market.  Let me know if you find it to be of value and please don't heistate to comment.  Thanks.

By now, most of you have read the news stating that the Fed is slowing it's program to buy mortgage backed securities in the open market.  The Fed is doing so as it believes that the economy is on the mend thus there is no need to keep pressure on lower interest rates.  What do you think?  Is the Fed making its move too early?  Many believe that another round of foreclosures and short sales is forthcoming and that the commercial real estate market is headed downward.  Where do you stand-do you see the glass as half empty or half full?  Your comments are welcome.

Gregg Munson

Hi All:  Sources state that another round of foreclosures and short sales will be hitting the market as another batch of "Interest Only" loans adjust upwards.  Of course, there are a number of variables which could soften and perhaps even negate such an outcome.  I'm curious, what do you think will happen and what answers do you have to keep the economy and real estate rolling in the right direction? I hope to hear from you.

Our local Flagstaff Real Estate market remains pretty much the same; i.e. relatively boring. For August, the average price of homes is up but the median price is down a fraction. Again, as it relates to single family housing in the city of Flagstaff, it's time to buy. Let me know what you think.  I thank you for reading. Please keep the comments coming and visit Gregg's Blog for regular market info and updates.

Gregg Munson

Associate Broker, ABR, CPDE, e~PRO

*Criteria:  Northern Arizona Multiple Listing Service sold data for City of Flagstaff single family homes.  The city is defined as North West City, South West City, North East City, and South East City.  Condos, townhomes, multi-family, land and commercial properties are excluded as are outlying areas.  The exclusion of outlying areas and well as properties other than single family homes will have an effect on valuations.      

Hi All: Well, I want your opinion.  With all the government spending going on, do you think it will help or hinder  Flagstaff real estate, real estate in general, and the economy in general? Come on, some of you have answers. Let me know.

Our local Flagstaff Real Estate market reflected another minor upturn since the June's market report. As in June, volume is up, average prices are up by $6,730.00, average days on the market is unchanged, and the median is the same. It appears to me that the market bottom has been reached. Let me know what you think.  I thank you for reading. Please keep the comments coming and visit Gregg's Blog for regular market info and updates.

Gregg Munson

Associate Broker, ABR, CPDE, e~PRO

*Criteria:  Northern Arizona Multiple Listing Service sold data for City of Flagstaff single family homes.  The city is defined as North West City, South West City, North East City, and South East City.  Condos, townhomes, multi-family, land and commercial properties are excluded as are outlying areas.  The exclusion of outlying areas and well as properties other than single family homes will have an effect on valuations.