Interest rates are not a regional thing. They are the same throughout the US and are at under 4% for a 30 year fixed for those with good credit. The rates are historically low right now. In the past month they have gone as low as 3.6%.
As far as the home prices in Flagstaff, they are fairly comporable to what they were in 9 years ago. I bought my home in 2003 and it is now worth about what I paid for it then. It varies based on neighborhood, home type and size. Home prices like those elsewhere increased significantly in 2005-2007 and then dropped. We are fortunate that we did not see a huge drop like in other parts of Arizona. Is there a particular area or home type (single family, townhome, etc) that you would like to know more about?
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My personal experience of late has been buyers being put through the ringer to get their loan closed. Lenders, or more accurate, underwriters requesting numerous items in the 11th hr delaying closing. The items requested are ridiculous and whats aggravating is that they have had the file for a month and don't make some of the requests until the last minute. Loans have gone through but have not been smooth nor organized as they should. Just received information that MIP will be increased as well.... more
In Florida, title co. handle majority of closings (usually they are owned by an attorney)
A Realtor can do things an attorney will not (arrange inspections; meet different professional at the property, as needed, etc)
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Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220 http://www.WeSellBroward.com... more