Gregg & Debbie Munson's (lifeisgreat) Blog

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Real Estate Agent - Russ Lyon | Sotheby's International Realty Flagstaff AZ
RECENT BLOG POSTS
  If you're not up on the news, the Phoenix Metro area is seeing homes selling at the fastest pace since 2006.  And the good news is the buyer's are purchasing homes not on speculation, but upon price.  It looks like the bottom has been reached.  Low prices and extremely low interest rates equal ...
05/20/2009
Good news!  Flagstaff real estate sales are up.  In general, sales have been climbing while prices are lower and seems to have bottomed. Only time will tell. At last check, single family homes in Flagstaff have declined in value slightly over 15% from the market top in 2006. Let's hope that the b...
05/19/2009
  FLAGSTAFF MARKET SNAPSHOT APRIL 2009*  Flagstaff Real Estate reflected an additional decline in value from March through April however, volume increased significantly. Locally, we are seeing an influx of buyers who are looking for those great buys. The strongest segment of the market is in the ...
05/05/2009
Hello all.  As many of you know, there are lots of scams out there.  We who are selling Flagstaff real estate are seeing an increase in this activity. The attorney's and many others are adverting that they can do a loan modification and/or prevent a foreclosure. Please read the following carefull...
04/08/2009
FLAGSTAFF MARKET SNAPSHOT MARCH 2009* Flagstaff Real Estate showed a reflected a slight improvement in March over February with the days on the market decreasing and prices evidencing a slight increase. Overall, single family homes in the city of Flagstaff have held up fairly well considering tha...
04/06/2009
Hi All: Bloomberg has a excellent video which deals with housing affordability and the real estate market in general. While Flagstaff real estate hasn't been battered nearly as much as the Phoenix Metro area and many other parts of the country, I think the video provides a worthwhile perspective ...
03/31/2009
Let's talk about the Flagstaff Real Estate market and buy opportunities for a moment. Of course it makes sense to get a great real estate deal in this market; however, in the Flagstaff real estate market, is the short sale or foreclosure necessarily the best way to go? To that I answer sometimes ...
03/26/2009
March 23, 2009 Flagstaff Real Estate Distressed Properties Update: I ran the numbers this AM and as of today, Flagstaff and Northern Arizona have a total of 34 residential MLS lisitngs that are either bank owned or short sale properties.  The current MLS total inventory is 1250 listings of which...
03/23/2009
I have been asked this question more than once recently, thus I will try to answer. In a typical 'short sale', we're going to ask a lender to except an amount which is less than what is owed on the property; or, in other words, to except a short sale. In the past, short sales were more difficult ...
03/16/2009
FLAGSTAFF MARKET SNAP SHOT FEBRUARY 2009* February reflected the first real decline that I've seen in sometime. As you will note, January reflected an increase while February showed a sharp decline. Again, for my part, I believe that it's too early in the year to forecast the trend. Only more tim...
03/06/2009
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