• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Join Newsletter
  • Advertise
  • Contact Us
  • About Us
  • Vote Best of Business
  • Login

Flagstaff Business News

Northern Arizona’s premier source for business, education and health news.

VOTING IS NOW CLOSED
The deadline for voting was midnight on January 15, 2022

Best of Business 2022 – Flagstaff Business News

  • Business
  • Columnists
  • Community Profile
  • Local News
  • Tourism
  • Calendar
  • Spotlight
  • Digital Issues
You are here: Home / Business / Buyers Signing Contracts but Closings are Few

Buyers Signing Contracts but Closings are Few

August 2, 2011 By techsuperadmin Leave a Comment

Lots of info packed into last week’s video from National Association of Realtors Chief Economist Lawrence Yun. He covers the continued uptick of pending home sales in June and the dissappointing closing results following a similar uptick in May. Yun also covers the impact the gridlock in Washington has had on the economy and real estate markets and the threat of rising interest rates caused by the debt-ceiling impasse.

Even though it looks tonight like that impasse is resolved, interest rates may rise because investors have lost confidence in the political system’s ability to resolve this simplest of things. Regardless of your political views, it’s clear the real estate market is going to be slow until the economy can create more jobs.

My preliminary run of Flagstaff home sales for July says the median price dropped in July. Look for full report and analysis next week.

To see this video and to learn more about buying or selling a Flagstaff Home, go to Ann Heitland’s website:  http://blog.bestflagstaffhomes.com/

 

Filed Under: Business Tagged With: Association, chief economist, debt ceiling, economy, heitland, home, impasse, National, national association of realtors, rising interest rates

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join Newsletter

Categories

  • Business
  • Business Calendar
  • Columnists
  • Community Profile
  • Elections
  • FBN Spotlight
  • Local News
  • On the Grid – Podcast
  • Sedona
  • Tourism
  • Video Spotlight
  • Williams
  • Winslow

Footer

Advertisement

Get FBN Email

COPYRIGHT © 2023 | FLAGSTAFF BUSINESS NEWS