November 17, 2024 9:24 pm
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Flagstaff housing market climbing out of reach again

Flagstaff housing

By Suzanne Adams-Ockrassa | Arizona Daily Sun

Flagstaff housing
A house for sale in Flagstaff listed at $455,000/Zillow

Housing prices are moving further out of the affordable range for the average Flagstaff worker again.

According to the Northern Arizona Multiple Listing Service, the median sale price for a single-family home in the greater Flagstaff region in 2015 was $330,000, a 5 percent increase from 2014.

Several bank-sponsored online calculators put the income needed to purchase a house at that price with a 30-year fixed mortgage and an interest rate of 4.5 percent and moderate household expenses and debt at $91,000.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.