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Monday Morning Real Estate Update 11/12/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

Happy Veterans Day!

Last week, I spent some time reviewing statistics from a number of major Real Estate markets across the country.  The one thing that I noted was the fact that our Real Estate market in the Eugene and Springfield area is currently fairing better than most.  With the Fed's recent decisions to lower short term rates, we could see a trickle down of lower mortgage rates in months to come.  This could begin a slight improvement nationally and have a huge impact on our local market.

I do have one word of caution at this time.  If you are thinking about selling your home, don't wait for Spring.  Your homes value could be less by Spring if the typical situation of higher inventories builds at that time.  If you are serious about selling, get your home on the market now or a the latest by the first of next year.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 11/5/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

What a gorgeous day Saturday was for the Oregon football game.  Congratulations to the Oregon ducks for their new #3 ranking in all of the polls.

The Real Estate market continues to become more of a buyers market in the Eugene and Springfield area.  The good news for sellers is that the decline seems to be slowing and we are starting to see an increase in the number of buyers out there looking.  It just simply is the best time possible to think about buying a house and many home buyers are discovering this fact.  Look for the market to rebound as more buyers get active at purchasing homes.  Parts of California are already starting to see this trend.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 10/29/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

The Oregon and Oregon State football teams win again!  Congratulations to the University of Oregon for being #4 in the nation this week.

The Real Estate market continues to be headline news around the country.  Here in Eugene and Springfield we continue to have a slower market, but we certainly are fairing better than other parts of the country.  As I have repeatedly stated, this is a fantastic market for home buyers and they should be taking advantage of it.  As with the sellers market the buyers market will not last forever.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 10/8/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

Happy Columbus Day!

The Real Estate market in the Eugene and Springfield area has experienced little change over the past month.  The decreases in the mortgage loan rates have kept our market fairly stable.  The current market continues to be an outstanding situation for home buyers. 

If you currently have and Adjustable Rate Mortgage (ARM) that is going to roll over and spike to a higher rate or if you have a 100% or 80/20 mortgage at a high rate, then now would be an excellent time to look at a refinance.  If you need information on how to best accomplish this or who to talk to, please contact me.  I would be glad to get you the information you need.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 10/1/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

Fall weather is certainly here.  There is no chance of a drought in the Eugene and Springfield area at this time.

Nationally, the housing market remains dismal with September being the worst month for home sales in years.  Locally, we are holding up slightly better but the Real Estate market if far from being where it was a year ago.  Mortgage interest rates are holding stable, but fears of inflation and the lack of consumer confidence are forcing the market to stay cold.  As I have been saying for weeks, this is the best buyers market we have seen in years.  If you would like to know how to fully take advantage of this market as a buyer, please get in touch.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/24/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

It was certainly a gorgeous weekend to kick off Fall with. It looks like there is more great weather on it's way.

With the Fed reducing short term rates by 1/2 of a point last week, consumer confidence seems to be rebounding.  The Fed decision had little immediate impact upon mortgage interest rates.  The good news is that we should see rates hold tight or possibly drop over the next several weeks.  The housing market in the Eugene and Springfield area remains extremely favorable for home buyers.  The buyer opportunities are better today than at anytime in years.  If you are thinking about purchasing a home, don't wait and miss the large inventory of homes to look at, the soft pricing and the great mortgage interest rates.  There is also a good inventory on new homes out there right now, so builders are certainly more motivated than they have been for some time.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/17/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

There is just a bit of Fall in the air today!  Fall is a gorgeous time of year in the Eugene and Springfield area and there are lots of activities to take in over the next several months.

Mortgage interest rates have continued to decline.  This is a very good sign as the national housing market continues to slump.  I would think that rates will most likely continue their fall for the next several months. Most indicators point towards this continued decline.  There are some great purchase opportunities out there and with the lower rates, there has not been a better time to take advantage of them.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/10/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

It looks like a great week for more Summer weather. Many years September offers us our best weather of the year.

The home sales statistics for Eugene and Springfield are in for July.  The number of homes for sale keeps increasing, while sales continue to slow.  In July there  was 6 months of inventory.  This means that at the current rate of sales it would take 6 months for all of the listed homes to sell.  In comparison, July of 2006 saw 3.8 months of inventory for sale.  The interesting thing here is that 6 months of inventory is the official breaking line between a sellers market and a buyers market.  We are now officially in a buyers market.

Other statistics show that we had 2,215 active home listings, the average home sales price was $267,800, closed sales were down by 4.5% and the median home sales price increased by 10.3%.  A point of interest is that home prices continue to increase even with the slower market. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/3.07

Wednesday, September 5, 2007
by Galand Haas

Good Monday Morning!

Happy Labor Day!  What a gorgeous 3 day weekend it has been.  Also, congratulations to the ducks and Beavers for their wins in their season openers.  It should be a great season for local college football fans.

The housing market continues to tighten for sellers in the Eugene and Springfield area.  Time on the market is rising again and the inventory of homes for sale is continuing to swing up-wards.  The good news is that mortgage loan interest rates have decreased and certainly may drop some more.  This has made an extremely good environment for home buyers.  If you are considering purchasing a home don't let this current market slip away.  You have a good inventory of homes to choose from, soft pricing and great interest rates.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 8/13/07

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

The great Summer weather just keeps coming our way.  It has been perfect.  There just is no better place to live than Eugene or Springfield, Oregon.

Troubles with the mortgage industry continue to make home purchases more difficult.  The hardest hit groups are the first time home buyers and the upper end home buyers.  Programs for 100% financing are now very limited and will be difficult for some time.  Rates have jumped on jumbo loans, making it less attractive for upper end home purchases.  These problems with mortgage loans are not going to help an already poor national housing market.

If you are considering a home purchase, you can call me at 541-349-2620.  I do have lenders that we work with who can offer the best loan possibilities in this current volatile market.

Have An Awesome Week!

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Displaying blog entries 91-100 of 119

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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