That’s sure what it feels like in the Flagstaff home sales market. And that’s how Chief Economist Frank Nothaft described “most markets” across the county in Freddie Mac’s June 25 press release.
Meanwhile, mortgage rates are at their lowest point in the year. That should help encourage some home buyers sitting on the edge. Also, we’ve got a somewhat better (but only slightly better) selection of homes for them. Many would-be buyers in Flagstaff are suffering from sticker shock as well as disappointment in the selections that face them.