Home Value Appreciation expected to slow in 2014

Posted By Wally Reule @ Nov 8th 2013 2:43pm In: Sedona Real Estate Market News

Home values continue to appreciate, but the rate is slowing, according to a survey sponsored by Zillow. The survey of of 108 economists, real estate experts and investment strategists felt that this year's national average appreciation of 6.7% would slow next year to 4.3%. While our rates of appreciation in Sedona are also slowing, we still expect a higher rate than the national averages. Because of our natural beauty and the fact that real estate is limited by National Forest and Wilderness land, Sedona is a very desirable location, and many of our properties are second homes, which seem to lag general value trends.

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