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Tel: 703.288.4877
Toll Free: 1.888.760.SAAB
Fax: 703.848.3888
info@saabrealtors.com
www.saabrealtors.com
2070 Chain Bridge Road,
Suite G40
Vienna, VA 22182

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MARKET COMMENTARY on Wednesday: 05/07/08 10:30 AM EDT : The second major release of the day was more bearish than anticipated. The National Association of Realtors reported that its index of pending home sales fell in March by 1.0%. The decline was deeper than the 0.6% that had been forecast. Moreover, February's originally reported decline of 1.9% was revised to a drop of 2.8%. On a year-over-year basis, March's index was 21.7% lower than in March of last year. The pending sales data was first published in 2005 with data going back to 2001. The index is a measure of contract activity and the NAR asserts that 80% of contracts become sales within two months and a large portion of the rest become sales two months thereafter. But the release data is somewhat dated and its significance is second-tier in that it provides a clue to upcoming actual sales. Moreover, the current state of the housing market is well known. A more bullish housing report also came out this morning. The Mortgage Bankers Association of America said that its application index rose last week by 15.6% following two weeks of declines totaling 23.7%. The purchase index rose by 12.1% and the refinance index by 19.3%. Refinances accounted for 47.1% of application activity, up from 45.7% the week before. Applications for adjustable rate mortgages accounted for 6.8% of activity, up from 5.9%. The index for conventional mortgages rose by 11.7% but is still below last year's average while the index for government backed loans rose by 13.2% and is sharply elevated on an historical basis. -- Our Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter. This month's issue includes topics such as: "First Time Buyers' Dos And Don'ts"; "Taking The Real Estate Investment Plunge"; "Tax Rebate Uses For Buyers"; "Review The Landscape Before You Buy Or Sell"; "Housing Bills Will Help Homeowners And Economy".


CAREER

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  • Professional Office Environment

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OUR MISSION STATEMENT

The mission of SAAB, REALTORS® Corporation is to serve our customers and clients with honesty, integrity and professionalism. SAAB, REALTORS ® Corporation maintains a full-time staff of well-trained real estate professionals who continually strive to provide top quality service for their individual clients and customers. SAAB, REALTORS ® Corporation is a creative, innovative and people-oriented organization providing individual opportunity, personal satisfaction and rewarding challenges to all members of the firm.

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OUR PHILOSOPHY

Honesty
No other single trait of a person or business can have as much of an impact on our success. We believe every word must be born of truth and honesty. There must be honesty in every action, and truth in every word.

Dedication
Our Company can grow and prosper when each member puts forth the greatest effort. We have chosen you to be on our team, and through hard work and dedication we can be the best.

Service
Our clients and customers have come to expect outstanding service. We must provide the highest level of service available. We expect our employees and our sales staff to provide excellent service.

Professionalism
We ask that you never represent a client or work with a customer unless you have the training and experience to do the job. We believe in continuing education, the more you know and the more you understand, the better service you can provide our clients and customers.

Cooperation
We insist that our team members work together for a common purpose. Remembering the Golden Rule in all situations. The more we help each other the more we help our selves.

Accountability
If you wish repeat business, our clients and customers must be happy with the transaction. If you make a mistake, you must be accountable and make it right with your client or customer. We expect our sales staff to be accountable financially or otherwise for their mistake if a client or customer is damaged.

Ethics
The word ETHICS means moral principles and quality of practice. In the real estate business, ethics govern our professional relationship with our prospective buyers and sellers and with our fellow realtors. Our ethics represent honesty, integrity and spirit of conduct.

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575+ FORECLOSED HOMES MUST BE SOLD!!

WHEN & WHERE
<May 2008>
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When: 6/7/2008
Where: Walter E. Washington Convention Center - Exhibit Hall D 801 Mount Vernon Place NW, Washington, DC 20001

AUCTION! MUST BE SOLD:




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