Below is a very good video from Lawrence Yun, Chief Economist with the National Association of REALTORS®. He is giving his market predictions for the housing market for the Country. He believes we are looking at a 1-3% increase in the market. Interest rates have risen to just over 4% on average, up about 3.5% just a couple months ago. While still historically affordable, it does limit buyer’s purchase power. Lack of inventory and lower new home construction continues to push the prices of home sales. Look for our year-end sales report for the Flagstaff housing market in our next newsletter coming your way at the end of January.