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

Reading the News Hidden 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.

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Posted by Ann Heitland, Flagstaff Real Estate ~ Associate Broker, CRS, GRI, CDPE on 12/28/2008 05:10 PM

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

DEC

2008

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.

DEC

2008

We need to make the most of the market we have!

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

Flagstaff, AZ

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RE/MAX Peak Properties

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

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