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Reading the NewsHidden in the Christmas cheer was a sour report from the National Association of Realtors® on Existing-Home Sales for November. According to NAR, it's all the fault of the stock market -- well, at least some of it. Here's a summary of the report and a six minute video of the NAR press conference.

Pushing in the other direction, home loan rates hit record lows according to the Christmas Eve report from Freddie Mac. And mortgage applications skyrocketed in response. However, most of those applications were for refinancing existing homes. Here's the mortgage news: Home Loan Rates Hit Record Low.

For more on Flagstaff real estate, visit: Flagstaff Real Estate and Community News.

To buy or sell a home in Flagstaff, contact Team Heitland at RE/MAX Peak Properties.

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If you know someone who wants to buy or sell Flagstaff real estate, send them to my website to get started: BestFlagstaffHomes.com -- from there they can search all listings in Flagstaff -- or have them give Ann Heitland at RE/MAX Peak Properties a call at 928-714-0001. For more information on Flagstaff houses, give me a call.

Each office of RE/MAX is independently owned and operated. Each agent is an independent business.

 

2 Comments on Before the Week Begins, Let's Look at Last Week's News

DEC
29
2008
220,297 Points 1 Featured Post Localism Sponsor

Hi Ann, it will be a challengin year for all of us, not only do we have the normal obstacles, but new ones as well.  Hopefully it will all come together and the market will start back again.

9:11am • #1
DEC
30
2008

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Ann Heitland, Flagstaff Real Estate ~ Associate Broker, CRS, GRI, CDPE

Flagstaff, AZ

More about me…

RE/MAX Peak Properties

Address: 717 W. Riordan Road, Flagstaff, AZ, 86001

Office Phone: (928) 714-0001

Cell Phone: (928) 699-4299

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Flagstaff Arizona real estate and community information, events, stats. Sponsored by Ann Heitland of RE/MAX Peak Properties AZ RE Blog Network_logo


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