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Yesterday’s National Association of Realtors® report on the drop in pending home sales blamed the drop in investor purchases. I think this had something to do with it, too:  Consumer confidence falls sharply in September – MarketWatch.

Case-Shiller’s (always lagging) report on home prices for July also proved what I’ve been saying: Late May and June were the best of the real estate market for this year. Even “hot” real estate markets showed declines.

Case-Shiller Home Price Data

To price your Flagstaff home to sell, contact the agents who get the direction of the market right: Elite Team at RE/MAX Peak Properties.