Home prices are falling in Flagstaff, but not dramatically enough for many buyers. Many have moved from "sitting on the sidelines" to pacing the line. I can tell this because showings are up on our listings -- it was a busy weekend. Still, few are making offers. Often, the reason I hear is "I don't want to buy too high," or, "I'm afraid the prices will fall more." None of us know when the market will hit its "bottom" since none of us have a crystal ball with Flagstaff real estate captured inside. I can tell you that we will know when the market has passed its bottom -- because prices will be going up. Then it will be too late to have captured a bargain. The fact is, there are no "bargains" in real estate, anywhere. There are only good investments. And Flagstaff is one of the best bets for long term investment. The question is how does this investment fit into your personal plan. If you are buying a home for the long term, it's almost always the "right" time to buy because you experience capital appreciation and meanwhile have the tax benefits of paying a mortgage instead of paying rent. Let's talk about your personal plan, and we can look for the Flagstaff property that will fit and the financial means to make it work for your future. |