It appears housing demand may be catching up with supply, at least for the moment. The supply of homes in Flagstaff has recently dropped to a 6.4 month supply (down from an 11-month supply this summer) and there have been almost 100 more sales here this year-to-date than last year-to-date. Housing supply is the number […]
Read more »The Distressed Property Institute recently hosted a webinar with Mr. Bob Hora, Senior Vice President of Bank of America, to discuss recent updates to BofA’s short sale process. Mr. Hora asserted that Bank of America is committed to doing short sales and rejected the myth that banks have incentive to foreclose, saying that the bank […]
Read more »Many people ask if they should list their home in the winter or wait until the following spring. Despite the sometimes snowy and cold winters in Flagstaff, there are many good reasons to list and, yes, homes do in fact sell during the winter months. Being that your home can sell anytime of the year, […]
Read more »Some buyers in Flagstaff seem to be wary of making offers on short sales for a couple reasons in particular. They don’t know how long the process will take and whether the short sale or price will even be approved. This is understandable considering that in a conventional short sale, the seller’s lender (who has […]
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The neighborhood of Boulder Pointe in Flagstaff finally has their own neighborhood park. It’s a small toddler park (or “tot park”) with swings and playground equipment. The HOA and homeowners had to take matters into their own hands and build the park in what was an HOA owned lot used as a drainage basin. This […]
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