Cedar City suffered a little more this week. A fire destroyed two businesses just West of Historic Main Street. The building was a total loss and the businesses had most if not all of their equipment and inventory ruined. The good news is that no one was injured! That is always good news this time of year. Apparently an electrical problem is the cause of the fire. For the complete story here is the link: http://www.thespectrum.com/article/20081203/NEWS01/812030330&referrer=FRONTPAGECAROUSEL.
There is never a good time economically nor of the year for something like this to happen. Our hearts go out to those affected by this fire. We can only hope that insurance will compensate these business owners enough to continue with their endevours! The loss at this time of year, especially with the Christmas Shopping Season in full swing, is very difficult I am sure.
Changing directions, I recieved an email that applications for home mortgages across the country doubled last week. The low interest rates are at least fueling a refinancing upswing. Whether this will factor into the pricing and purchasing of new homes or not remains to be seen. One can only hope! Here in Cedar City, we still enjoy a good inventory of existing homes in the full range of prices. Now is a good time to get into a new home, and to get in by the Holidays! Have a Great Week! and Happy Holidays!