Flagstaff is a city located in northern Arizona. Flagstaff is located just south of the San Francisco Peaks, the highest mountain range in Arizona. At 7,000 feet elevation, located in the largest contiguous Ponderosa Pine forest in the world, the area around Flagstaff is considered a high altitude desert. Weather in Flagstaff is very diverse with moderate summers but severe winters.
The Flagstaff real estate market is has been growing rapidly over the last
several years. New homes are being built in Flagstaff at a staggering pace.
Much of this Flagstaff real estate is built with foreign buyers and second
home buyers in mind. Currency exchange rates have made buying real estate
in Flagstaff and all over the US in general much more favorable in the last
few years.
Over the last several month real estate prices in the Flagstaff area has
begun to soften a bit. The softening market has prompted some sellers to
increase incentives to sales agents and buyers, ranging from increasing
sales commissions to reducing pricing. Many believe this presents an opportunity
to scoop up hot Flagstaff homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Flagstaff's real estate market remain sound
Whether you’re considering purchasing Flagstaff real estate or refinancing
your existing Flagstaff home, our direct lending partners feature just about
any imaginable loan program including adjustable rate Flagstaff mortgage
loans, fixed rate Flagstaff mortgage loans, zero down Flagstaff mortgages,
interest only Flagstaff mortgage loans, no document Flagstaff mortgage loans,
and more. Our direct lending partners offer extremely aggressive rates,
low closing costs, and quick easy processing in all 50 states.