Here are four very good reasons to buy a home in 2016:
The rate of price increases is expected to slow to about 3.5% next year
Inventory of homes on the market is expected to increase. One of the major factors that has limited home sales in Sedona is a shortage of good inventory. When a home that is priced well, is in good shape and has great views comes on the market, it doesn't last very long.
Mortgage rates are likely to increase as the year goes along, creating a new sense of urgency.
Rents will continue to rise, making home ownership more attractive.