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FLAGSTAFF REAL ESTATE AND THE MOBILE WEB

Our Flagstaff Technology Group will meet this coming Wednesday, February 1, 8:30 AM at our Russ Lyon Sotheby's Flagstaff office.  This month I would like to discuss "The Mobile Web".  At the meeting, we will review each others websites and discuss what today's consumers want (and Google) when it comes to finding Flagstaff real estate online.  Things are changing rapidly.  Come join us and learn more.  

SHOULD YOU BUY A HOME IN 2012?

Should you buy a Flagstaff home in 2012 of elsewhere for that matter?  Learn what the experts at CNN say and share your thoughts with me.  http://linkd.in/znyTZX

MOBILE REAL ESTATE TRENDS FOR 2012

There is increasing evidence that consumers are more likely to call or email an agent about a listing from a mobile device than from a laptop or desktop computer. Realtor.com, the nation’s largest real estate website, reports that as much as 45% of its weekend traffic comes from mobile users-i.e. Apple iPad, iPhone, Android and other users. This trend will most likely increase exponentially and thus it will be very important for real estate agents and companies to offer high quality mobile websites. These websites will need to focus on property searches, offer photos, mapping, and basic property information while being simple in nature to navigate. I for one, have my website, www.GreggMunson.com optimized to work on most mobile devices. When desktop users type in www.GreggMunson.com, these users get the full version of my website, while mobile users can type the same URL into his or her web browser and get a mobile optimized version of the website. It’s quick, clean and simple to use. I am quite confident that from 2012 on, mobile devices will dominate and eventually replace desktop and laptop usage for the most part. I am curious as to your thoughts. Please don’t hesitate to share them. Thanks for reading.

NEW SMART PHONE WEBSITE FOR FLAGSTAFF REAL ESTATE

Hi All: As we know, just about everyone is using his or her Smart Phone for getting everything from social media to the latest news and weather. In the past, lagging a bit has been finding real estate via a good Smart Phone (mobile) website.  Rest assured that’s no longer the case. As it pertains to finding Flagstaff and Northern Arizona real estate, I am pleased to introduce my new mobile website, www.GreggMunson.com. (This is my regular website which automatically converts to a mobile version via your phone’s web browser). Via my user friendly website, you can search ALL Northern Arizona real estate listings for ALL companies. This website is extremely easy to use and offers everything from multiple photos, satellite mapping, school info, and social media, to an appointment app and much more. I hope you will take a minute, visit my website and let me know your thoughts. I think you will be very pleased. In the meantime, have a great week. As always, your comments and suggestions are welcome.

Warmest Regards

Gregg Munson

NEW GOVERNMENT PROGRAM ALLOWING INVESTORS TO BUY FORECLOSURES IN BULK

There is a new government program coming which will allow private investors to buy foreclosures in bulk and turn them into rentals.  Government statistics show mounting foreclosures coming and part of the solution to absorb this new inventory is this new program.  Although Flagstaff has a relatively small inventory of foreclosures compared to big cities, this program may benefit our local Flagstaff real estate market and the markets in general.  What are your thoughts?  Click to read more about the program:  http://yhoo.it/yVAbeM

2012 PREDICTIONS FOR THE FLAGSTAFF REAL ESTATE MARKET

1.       2012 will be the start of the housing recovery:  Flagstaff real estate numbers for the last quarter or so have shown positive results with non-distressed homes selling far better than distressed homes.   Buyers are out there looking for good homes to buy. I have been seeing buyers in record numbers for this time of year.

2.       Banks will start lending again:  And not just to people with good credit.  After 5 years of foreclosures and short sales, banks will strategize that there are millions of Americans with jobs, good income and, except for that that upside down mortgage, an otherwise good credit history.  There will be reform in the banking industry that will affect who and how banks lend that will include those that experienced a foreclosure or a short sale.

3.       Flagstaff homes will see positive price increases in 2012: Many of our neighborhoods are already experiencing modest increases in pricing.  There will still be some price declines where lower end homes in poor condition are on the market via REO agents.

4.       Land will heat up:  Land sales have been dead for years as the cost to buy land and build is too high compared to the choices offered in the resale market. As the economy improves buyers desiring a new home will be forced to buy land and build. Land prices won’t go up much but land/lot inventory will start to turn.

5.       The overall economy will improve:  Much of the woes in the housing market have to do with consumer confidence.  The increase in activity we are experiencing is being buoyed along by stronger than usual consumer confidence in the overall marketplace.  Gas and oil prices are stable.  Unemployment figures are improving.  The stock market is becoming more predictable and overseas markets seem to have stabilized as well. These are all factors that make people feel better about the overall economy and will cause them to spend again.  Need more evidence?  Holiday Sales for 2011 were up 16% over last year.  Americans are tired of feeling poor.

6.       Baby Boomers will buy real estate again:  Pre-boom, (pardon the pun) the Baby Boomers were going to retire earlier, richer and look to buy lots and lots of real estate.  The housing crash and poor economy delayed the onslaught, but they are still out there.  Maybe not as rich, maybe not as young, but still there.

7.       Interest rates will remain exceptionally low:  It’s an election year.  Interest rates of every variety will be stable throughout 2012.  But, they have do have to go up eventually.  Buyers need to take advantage of these historically low rates soon.

3 TIPS TO ACHIEVE TOP $ FOR YOUR FLAGSTAFF HOME

Noted below is a link to a great article provided by Inman News.  This article discusses the advantages and additional value a seller will receive if he/she stages and/or cleans up the home for showings.  For years I have advised my Flagstaff home sellers to get their home in the best shape possible in order to achieve top dollar.  Please take a minute to read this article and let me know your thoughts.  Thanks for reading. http://linkd.in/rBoDiG

FLAGSTAFF ONE OF THE 10 BEST PLACES TO RETIRE IN 2012

Pleasant year-round weather: Flagstaff, Ariz.

Flagstaff's  high altitude and low humidity generally lead to a
pleasant four-season  climate throughout most of the year. To select a
place with great  year-round weather, we used National Oceanic and
Atmospheric  Administration data to find places with the most sunny
days. Among the  sunniest cities, we looked for places where the
temperature seldom rises  above 90 degrees. The sun shines in Flagstaff
an average of 78 percent  of the year, according to NOAA data, but
unlike most other sunny  climates, the temperature only rises above 90
degrees an average of  three days per year. Flagstaff can receive a
significant amount of snow  in the winter, but the prolific sunshine
often quickly melts  accumulation. "There is a lot of sunshine and no
extremes of  temperature," says Karen Haskins, 71, a retiree who moved
to Flagstaff  from Amherst, N.H., in 2007. "Summer and early fall are
really pleasant.  Winters are cold and you do get snow, but because of
the intensity of  the sun, it melts quickly."

[In Pictures: The 10 Best Places to Retire in 2012.]

SMART PHONE AND TABLET USEAGE CONSUMER'S PREFERRED METHOD TO OBTAIN INFORMATION

According to a recent report, 65% of individuals use Smart Phones and/or Tablets to get the news and other items of importance.  Only 45% of individuals use print media such as newspapers and magazines.  In my own business, I have found that myself and most of my clients fit into this mold.  Particularly when it comes to real estate searches for Flagstaff real estate, Flagstaff homes, Flagstaff land or other real estate searches outside of the Flagstaff area.  This trend is expected to continue and the unfortunate recipients of this trend will be the print media who will fall by the wayside.

NOVEMBER FLAGSTAFF REAL ESTATE SALES CONTINUE TO SHOW A STABILIZING MARKET AND SLIGHT UPTICK IN VALUATIONS

Regular single family home sales (not short sales or bank owned properties) have dominated the market since mid-year with November sales accounting for approximately 63% of the market.  The average sales price for a regular single family Flagstaff home is up a bit since mid-year.  In addition, the dollars per square foot for all homes sold has been relatively flat since mid-year but up somewhat in the 4th quarter. The days on market for all homes have been relatively stable throughout 2010 with short sale DOM improving somewhat.  Distress sales have declined in the 3rd and 4th quarters and overall sales year to date are up 8% since the same time last year.   Let’s hope this trend continues and improves. http://bit.ly/sCzXFi

FLAGSTAFF TECH GROUP MEETS DECEMBER 7TH 2011

The Flagstaff Technology Group will meet at our Russ Lyon Sotheby's office next Wednesday, December 7, 2011 at 8:15 AM.   Topics will include a demonstration of the new Coconino County GIS website, Gregg's Online Relocation Package, Chris' Google Goodies, and who knows what else. If you are a Tech Pro and want to share give me a call as we'd love to have you in the group.  The group is not just for real estate agents, it's for all persons interested in staying abreast of the latest in technology and related issues.  

4% INTEREST RATES AVAILABLE TO PURCHASE YOUR FLAGSTAFF HOME

Yes, 4% 30 year fixed rate financing is still available for purchasing your Flagstaff home.  As you might expect, good credit and a down payment is required; but the good news is financing at this incredible rate can be obtained.  No big deal you say.  Well just for comparative purposes, let's say you need a $200,000 30 year fixed rate loan.  At 6% the payment for principal and interest only will be $1199.10.  That same loan at 4% equals a payment of $954.83.  To put it another way,  $1199.10 with 4% financing will get you $251,165 in purchasing power.  In my opinion, that's a big deal.  Thanks for reading.  Let me know your thoughts.    

BUSINESS INSIDER MAGAZINE CLAIMING FLAGSTAFF REAL ESTATE WILL BOOM

Business Insider magazine tagged Flagstaff as one of the best housing markets for the next five years. Has the bottom of the Flagstaff housing market finally arrived?  The housing statistics seem to indicate so.  Click to read the article and let me know your thoughts.  Thanks for reading.   http://bit.ly/uwOC9K
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Russ Lyon | Sotheby's International Realty Flagstaff
1750 S Woodlands Village Blvd.. Ste 125 • Flagstaff, AZCoconino 86001
Phone: 928.853.4289 • Email Gregg@GreggMunson.com
Fax: 888.241.6446