March 2018
Verde Valley Business Spotlight TV Interview
Click on Pictures below to view listing information

VIEWS, VIEWS AND MORE VIEWS!   You wanted a home with views? This is it! Large family home has it all to fit your lifestyle within the wonderful town of Clarkdale.   

540 Raven Hill Road  
Clarkdale, AZ     

This is your chance to own a fantastic 2 acre parcel in Clarkdale on the way to Jerome. Large home building site on lot that will give privacy and lots of VIEWS! The lot is located on a very private cul-de-sac which will provide home views all the way to Sedona as you look East and views of Jerome towards the West.

4685 W Horizon View Drive
Clarkdale, AZ 86324

Amazing Unblockable View of Steamboat Rock from this Uptown Vacant lot!
Ready to build your Dream Home in Sedona? No need to look any further.  

750 Quail Tail Trail 
Sedona, AZ 86336
Beautiful views of Snoopy rock and
Cathedral Rock from this Uptown Sedona location. Home Plans already developed.

735 Quail Tail Trail
Sedona, AZ 86336

Single level, 3 bedroom 2 bath - split bedroom floor plan, 
great room concept for living, dining and kitchen with cathedral ceilings, 
on .23 acre...will be listed mid-december.

2886 Aspen Way
Camp Verde, AZ 86322
6 Smart Predictions for the 2018 Housing Market

Article From MoneyTips/Staff
January 12, 2018

Are you preparing to enter the housing market in 2018? Whether you're a buyer or a seller, 2018 is likely to be a year of both challenges and opportunities. Our crystal ball is just as cloudy as everyone else's these days, but based on recent trends and events, we can make a few predictions for the upcoming year.

1. Inventory Remains King

The housing market has been partially throttled by a short supply of homes, especially in the starter home market. At the beginning of the fourth quarter, over half of available homes were in the top third of home values. Supply should continue to increase and ease price pressures by the end of the year, but the total supply will still fall short of overall demand.

2. Slower Growth in Home Prices

Zillow reports that home prices are expected to rise 4.1 percent in 2018, a decrease from today's 6.9 percent growth rate but well above the typical growth rate near 3 percent. expects a closer-to-average growth rate of 3.2 percent. This reflects an expectation that supply problems will ease somewhat - good news for homebuyers, but bad for homeowners who simply want to see the value of their home increase.

3. Interest Rates Will Increase

How many times have you heard that one? This year, it's likely to come to pass. Interest rates have risen slightly thanks to three small rate increases by the Federal Reserve, and the pace is likely to continue. and the Mortgage Bankers Association both expect the interest rate on a 30-year fixed loan to reach 5 percent during 2018 - the highest level since February 2011.

4. Entry-Level Homes Rebound

Typically, developers focus on middle to upper-end housing. High land expenses, labor costs, and regulatory burdens make it difficult to get a suitable return on investment with more affordable housing. However, a lack of inventory and more millennials entering the market should drive up entry-level prices and make them tempting targets for developers. It's likely that there will still be a shortage of affordable housing, but expect supply in this segment to increase and for prices to stabilize.

Overall, housing starts are expected to rise by 3 percent over the previous year, with single-family homes increasing at a brisk 7 percent. New home sales are predicted to increase by 7 percent over 2018, while existing home sales are predicted to increase by only 2.5 percent.

5. Tax Plan Effects

The final tax bill is likely to depress the housing market, especially in certain areas. Collective state and local tax deductions are now limited to $10,000; therefore, the overall tax bills in states with high taxes and high property values could increase significantly. These markets should see reduced appreciation on homes as buyers find the local market less desirable. Mortgage interest deduction limits on new homes were cut to $750,000, further hitting the high-value markets.

The effects are not all at the upper end of the scale. The increase in the standard deduction reduces the tax incentives for lower and middle-income consumers to purchase a home. The pace of new home construction and sales may be dampened as a result. However, Moody's predicts some rural areas will see a rise in home prices as a result of the tax bill - mostly in the West, Upper Midwest, and Alaska.

6. Suburban Sprawl Increases

Housing disincentives in urban areas are likely to drive millennials and other first-time home buyers further out into the suburbs, where developers can build more affordable homes via lower land costs.

In general, the market should begin to shift away from the current supply imbalance, blunting price increases. Homeowners will see lower rates of appreciation than they have in recent times, giving new opportunities to first-time homeowners.

However, generalities aren't important to you - you only care about your local market and the value of your home. Keep a close eye on your local market for any factors that run counter to national trends, and you'll be in position to make the most of your buying and selling opportunities in 2018.

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Local Upcoming Events

1475 N. McClintock Rd Scottsdale, AZ
February 23 - 25, Feb 27 - 4, 
Mar 6 - 11, Mar 13 - 18, 2018
Show times vary. See website for details
Demand-based pricing; see website

Posse Grounds Park
525 Posse Ground Rd, Sedona, AZ 86336
The Sedona MTB Festival is 3-day mountain bike celebration
March 2-4

Sedona Vista Village
6601 State Route 179 Sedona, Arizona
Every weekend in March starting March 9
9:00 AM to 5:00 PM

White Bridge Picnic Area
SR 260 at the Verde River Camp Verde, Arizona
March 17 2018
10:00 AM to 3:00 PM

Voted #1 Sedona Jeep Tour!
335 Jordan Road
Sedona AZ 86336
(928) 282-3012

735 Jordan Road
Sedona, Arizona
(928) 282-7038

Claudelle Johnson

928.451.1616    |    |