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Displaying blog entries 41-50 of 76

Home Sales Activity Is Picking Up

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  Has Summer arrived early this year?

The debate rages on as to where we are at with our local Real Estate Market.  The statistics show that sales activity has certainly picked up and time on the market for homes being sold has shortened.  You would think that this indicates that the market has bottomed out and that we are heading back up the hill.  But, wait a minute!  Mortgage rates have bounced up slightly and indications are that they may tick up even more. Just a slight upswing in rates can negate money saved by home prices being down. 

In all honetly nobody knows if we have hit bottom or if we have just watched a small surge while the overall trend continues to decline.  My honest opinion is that with an unemployment rate of 13.6% in Lane County we have some more lean times ahead of us.  This does not mean there are not opportunities out there though.,  We are finding tremendous home values for buyers we are working with every day.  For home sellers a lower inventory right now and shorter time on the market indicate a good time to place your home on the market.  It might be best if you are a home buyer or home seller not to wait and see what this market is going to do.  The opportunity right now might be the best for both buyers and sellers that we will see for a while.

Have An Awesome Week!

THIS WEEKS HOT MOME LISTING

Image Unavailable

3330 BENTLEY AVE, Eugene, Oregon

Price: $325,900.00

Beds: 3

Baths: 2

Sq Ft: 2040

Description: Don't miss the beautiful view from this beautiful home that features high ceilings, a spacious living room with fireplace, a formal dining room, a great kitchen with stainless steel appliances, p ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Trends Change In Eugene and Springfield Real Estate Market

Thursday, November 5, 2009
by Galand Haas

Good Monday Morning!

The Real Estate market statistics for Lane County are in for the month of May and they certainly indicate some continuation of existing trends.  Closed sales were down 9.9% over May of 2008, pending sales fell 4.2% and new home listings were off by a whopping 26.3% from May of last year.  The interesting facts are that closed sales grew by 33.5% in May over April of this year, pending home sales grew by 1.6% and listings declines by 1.1% over the same period of time.  There is currently an 8.1 month inventory of active properties for sale which is down by almost a point from April, but this number means that we remain heavy into the buyers market.

If you break this data down it shows you that home prices are down and continuing to decline, while there are far fewer homes to choose from. There was a large flurry of closed sales in May which is representative of the large number of homes that went pening in April  The trend for home sales locally is weakening with only a slight increase in the number of pending sales in May.  This could indicate that the recent rise in mortgage interest rates has put the brakes on our local housing market.  With fewer homes on the market, sellers chances for a sale look improved but fewer buyers in the market could negate that benefit quickly.

My current feeling is that with an unemployment rate of 13.5%, the Lane County housing market is going to be a bumpy road for some time to come.  Low mortgage interest rates could stimulate the market but further increases could have a seriously negative impact.  If you are considering the sale of your home, I would not hesitate any longer with getting it on the market. When you get it on the market price it right!

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5947 OBSIDIAN AVE, SPRINGFIELD, Oregon

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1439

Description: Charming home featuring a great floor plan with wood-lam floors, new carpet, fresh & tasteful paint & lots of windows for a light & bright kitchen, dining room and living room. Upstairs th ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Is the Housing Market rebounding in Eugene and Springfield?

Friday, September 25, 2009
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  Has Summer arrived early this year?

The debate rages on as to where we are at with our local Real Estate Market.  The statistics show that sales activity has certainly picked up and time on the market for homes being sold has shortened.  You would think that this indicates that the market has bottomed out and that we are heading back up the hill.  But, wait a minute!  Mortgage rates have bounced up slightly and indications are that they may tick up even more. Just a slight upswing in rates can negate money saved by home prices being down. 

In all honetly nobody knows if we have hit bottom or if we have just watched a small surge while the overall trend continues to decline.  My honest opinion is that with an unemployment rate of 13.6% in Lane County we have some more lean times ahead of us.  This does not mean there are not opportunities out there though.,  We are finding tremendous home values for buyers we are working with every day.  For home sellers a lower inventory right now and shorter time on the market indicate a good time to place your home on the market.  It might be best if you are a home buyer or home seller not to wait and see what this market is going to do.  The opportunity right now might be the best for both buyers and sellers that we will see for a while.

Have An Awesome Week!

THIS WEEKS HOT MOME LISTING

Image Unavailable

3330 BENTLEY AVE, Eugene, Oregon

Price: $325,900.00

Beds: 3

Baths: 2

Sq Ft: 2040

Description: Don't miss the beautiful view from this beautiful home that features high ceilings, a spacious living room with fireplace, a formal dining room, a great kitchen with stainless steel appliances, p ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

More affordable homes in this market!

Friday, September 25, 2009
by Galand Haas

 

Good Monday Morning!

One of the things that I see happening in this current Real Estate market is the fact that many people who previously could not afford to purchase a home are now finding themselves able to buy a home.  This has been set up by the fact that home prices have declined significantly over the past two years and mortgage interest rates remain at a historic low level.  This combination of events has made home ownership a reality for many who just simply could not quailfy for home purchase just a short time back.  With a local Real Estate market that very well may be hitting bottom, the chance for many buyers to take advantage of this situation could be short lived.  Once home prices begin to climb out of the hole, homes will certainly become less affordable for buyers who are on the edge with their financing.  The other wild card of course is the mortgage rate uncertainty.  An increase in home prices along with any kind of escalation in mortgage rates could spell disaster for many of these buyers.

My suggestion at this time is very simple.  If you would like to purchase a home, don't delay.  Visit a reputable lender and find out what you might qualify for in this market.  You might be pleasantly surprised.  If you need the contact information for a good lender, please contact me.  I have several very good local lenders that I would suggest.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5075 G ST, Springfield, Oregon

Price: $130,000.00

Beds: 3

Baths: 1

Sq Ft: 968

Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

February 2009 Housing Market Statistics

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

It was a wonderful Easter Weekend even though the weather was just a little cool and wet.

The numbers are in for what took place in February's Real Estate market here in the Eugene and Springfield area.  Closed home sales for February of 2009 dropped by 31.8% from the number of closed sales in February of 2008.  New listings decreased by 34.8% over the same period of time.

On a positive note, closed sales were up 53.7% in February of 2009 in comparison to January of 2009.  The inventory of homes active on the market was at 13.1 months compared to 20.6 months in January and then compared to 9 months of inventory in February of 2008.  The average time it for a home to be on the market was at 135 days in February.  The average sales price for February of 2009 was $230,400 compared to that of $237,900 in February of 2008.

All in all there are postive signs for our local Real Estate Market.  With mortgage interest rates remaining at historical low levels the market just may continue to improve a little bit at a time.  You could not ask for a better market to purchase a home in.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

5075 G ST, Springfield, Oregon

Price: $140,000.00

Beds: 3

Baths: 1

Sq Ft: 968

Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

The Fed Has Struck Again

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

The Fed Has Struck Again

Saturday, May 9, 2009
by Galand Haas

Good Monday Morning!

The Fed has struck again!  This time the government has introduced a program to purchase $750 billion in mortgage backed securities.  The idea behind this is to lower mortgage interest rates. The program was announced last week and the immediate action has been favorable.  Wall Street responded favorably and 30 year conventional fixed rate mortgages also dropped to a level below 5%.  This rate is the lowest level in over 30 years.  For homebuyers this is even more favorable news. For those of you who read my e-mails, you know that I have been stating that this current market may be the best home purchase opportuity in most of our lifetimes.  I am now taking that statement to a new and higher level.  With the combination of extraordinary home pricing and historically low interest rates the situation for homebuyers may never be better.

Over the past several months I have been able to help many homebuyers who wanted to upgrade their home.  This is called a move up buyer.  This market is extremely favorable for move up buyers right now.  Yes, your home is not worth what it was a couple of years ago, but if you are upgrading to a more expensive home, that homes value has declined even more than your current home has.  In this kind of market move up buyers can achieve the purchase of the home of their dreams and earn some serious home equity at the same time.  If this is something you are interested in, please get in touch and I can help you with an assessment as to whether this would be a good move for you.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable

92850 RIVER RD, Junction City, Oregon

Price: $495,000.00

Beds: 4

Baths: 2

Sq Ft: 2580

Description: This secluded country home on a private drive has a modern open floor plan that features skylights, wood floors, custom lighting, spa room, soap stone wood stove and solar hot water. The spacious kitc ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

The Interest Rate Roller Coaster

Saturday, March 21, 2009
by Galand Haas

 

Good Monday Morning!

We certainly had a grogeous and sunny Winter weekend here in the Eugene and Springfield area.  It looks like more of the same is on the horizon.

Mortgage interest rates increased slightly last week. This is a continuation of the interest rate roller coaster ride that we have been on for months.  My opinion is that rates will decline again in the near future.  Even though mortgage interest rates remain very attractive at just over 5% for thirty year fixed financing, the slight increase makes it harder for many to purchase a home.  This is a stark reminder that a 1% raise in mortgage interest rates negates a 10% decrease in home values.  There will be a time in the not so distant future when the mortgage rates take a turn upwards and don't head back down again.  It is for this reason that I continually repeat the fact that we have the opportunity of a lifetime right now with low financing rates and low home prices.  If you are on the fence about purchasing a home, I would suggest that you think about this scenario long and hard.

Have An Awesome Week!

Image Unavailable

1010 Berntzen, Eugene, Oregon

Price: $210,000.00

Beds: 3

Baths: 2

Sq Ft: 1587

Description: Cute home in immaculate condition inside & out and sits at the end of a quiet culdesac bordering the park. It features arched doorways, wall-to-wall carpet, wood spiral staircase, lots of windows, ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Monday Morning Real Estate Update 8/11/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The mortgage industry certainly seems to be over reacting to what they perceive as a crisis.  With Fannie Mae now announcing that they will have new and much stiffer qualification criteria for mortgage loans, the playing field gets even rougher.  Two years ago if a home buyer could fog a mirror they could obtain a mortgage loan.  Today, even those buyers with stellar credit and good income could potentially have a very hard time obtaining home financing.  This tightening of the belt could add even more stress to an already troubled national housing market. 

The good news is that savvy home buyers are finding ways to get mortgage loans.  The key today is to find a good Real Estate agent with connections to a top mortgage broker. This does not mean that it will be easy, but for many buyers it means that they can still buy in this current attractive home market.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Monday Morning Real Estate Update 7/21/08

Tuesday, September 16, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

With banks such as Indi Mac failing, consumer confidence across the country is suffering.  Now the problem with the Real Estate market is as much of a confidence problem as it is a problem of real economic conditions.  This confidence problem has become evem more exaggerated with the recent rumblings that national Real Estate mortgage giants Fannie Mae and Freddie Mac are suffering from loan default problems as well. Within any economic cycle consumer confidence plays a huge role.  I would think that the trends that we see in our local market will follow the confidence level of consumers nationally.  So, watch closely what national economic experts predict , because that is most likely the path that our local market will follow during the months ahead.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Add Comment

Displaying blog entries 41-50 of 76

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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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