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Community Real Estate Update-Eugene and Springfield 10/8/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

Our first Winter like storm dappened the area over the weekend.  Don't worry, there is more sunshine on it's way!

Don't look for any immediate change as a result of the bail out bill passed by Congress last week.  Only history will tell us what we just bought for 700 billion dollars.  We can only hope that the most immediate result will be in the way of some improved consumer confidence.  Also, look for the Fed to lower rates when they meet this month.  The combination of some lowering mortgage interest rates and some changes in lending practices could ease the mortgage crisis a bit.

In the months ahead look fo a continuation of soft home prices and the probability of lower mortgage interest rates.  The next six months could offer the very best climate we have ever seen for home purchases in this country. Don't sit back and wait while this one passes you by.

Have An Awesome Week!

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1376 Cal Young Rd., Eugene, Oregon

Price: $245,000.00

Beds: 4

Baths: 2

Sq Ft: 1974

Description: This tidy 1-story home offers a spacious and well-manicured front lawn, 1-car carport, 1-car garage with lots of storage. The living room features hardwood floors and the family room offers wall-to-wa ....

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420 Broadway, Springfield, Oregon

Price: $220,000.00

Beds: 3

Baths: 1.5

Sq Ft: 1438

Description: This charming home has lots of options. It features a wrap-around, covered front porch, gas-ready fireplace, wall-to-wall carpet, spacious master suite with walk-in closet, lots of kitchen storage, fu ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Real Estate Update 9/22/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

A little Fall weather hit us over the weekend and Just in time to help stop the forest fires and settle the dust!

These shaky economic times have certainly had an effect on our local housing market.  The August statistics are in and they continue to point toward a worsening market here in the Eugene and Springfield area.  Closed home sales in August were off by 28.7% over August of 2007.  There were 318 closed sales in comparison to 446 for August of 2007. There was 8.1 months of active home inventory for sale, this was better than July which had 8.8 months, but down from August of 2007 where there was 5.1 months of inventory.  The average time it took a home to sell in August was 105 days and this compares to 66 days in August of 2007.  The median home price declined again and was at $216,000 in comparison to $234,000 for 2007.

The bright spot is that mortgage interest rates continue to drop and the market is by far the best market that I have ever seen for buyers.  Real Estate investors should be taking action now as home prices are low, inventory is high, interest rates are low and rents are very high.  What more could an investor ask for?

THIS WEEKS HOT HOME LISTINGS!

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3125 Elmira Rd

Price: $175,000.00

Beds: 2

Baths: 1

Sq Ft: 1221

Description: This tidy 1-story home offers a spacious and well-manicured front lawn, 2-car carport and fenced backyard with a detached tool shed. The living room features hardwood floors and the family room offers ....

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5624 C Street

Price: $195,000.00

Beds: 3

Baths: 2

Sq Ft: 1288

Description: This 1-level, 3-bed, 2-bath home is in immaculate condition and has lots of modern updates. The living room features a vaulted ceiling, carpet flooring, and a wonderful brick fireplace. The light & ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Oregon Real Estate Update

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was and the weatherman says lots more of the same is on it's way.

The recent bail out of lending giants Fannie Mae and Freddie Mac indicate the continued crisis within the nations mortgage industry.  Several other large national mortgage lenders are in deep trouble and others are just getting out of the lending business.  The crisis within the home mortgage industry stands as one of the largest stumbling blocks for a recovery for the housing market.  Mortgage loan programs can be hard to find at thsi time, especially for first time home buyers.

There are loan programs out there and if you have the right resources you can find loans that meet your needs with very attractive rates.  I have many connections with some very strong mortgage resources.  If you are wanting to purchase a home for your residence or for an investment, get in touch and I can connect you with the best mortgage resources in our market area.

Have An Awesome Week!

THIS WEEK'S HOT HOME BUYS!

 

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6574 Jules Place

Price: $230,000.00

Beds: 3

Baths: 2

Sq Ft: 1544

Description: Light & bright immaculately maintained home. Huge great room with vaults, skylight & fireplace. Spacious kitchen with plenty of cabinets & breakfast bar. Master has large walk-in closet an ....

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1616 Kellog Road

Price: $300,000.00

Beds: 4

Baths: 4

Sq Ft: 2550

Description: This very welcoming 2-story family home has 4 bedrooms and lots of options. 2 additional rooms could  even make this into 6 bedrooms. Home has two master suites on each level with private baths. ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Sprinfield Oregon Market Update

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

Happy Labor Day!  As we go into September and the Fall months look for the Real Estate market in the Eugene and Springfield area to continue on as a strong buyers market.  With low interest rates this current market offers some excellent opportunities. This is very true if you are a move up buyer.  For example, if your home is worth $200,000 and you have lost 10% in value, the $400,000 home you are purchasing has lost the same percentage of value or more.  This is money in your pocket.  Contact me and I can show you some great opportunities here.

Have An Awesome Week!

THIS WEEKS HOT HOME BUY

 

 

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3469 River Pointe Drive

Price: $545,000.00

Beds: 4

Baths: 4.5

Sq Ft: 3083

Description: ENTRY Covered Front Porch       Leaded Glass Window & Side Lights 2nd-Story Ceiling with Large Arched Window Oak Flooring   FORMAL LIVING ROOM Open ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Real Estate Update 8/24/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

The statistics are in for July home sales in the Eugene and Springfield market.  It appears that the decline in home sales and home values continues on.  Overall home sales declined by 19.4% from July of 2007, while pending home sales really dipped with a decrease of 31.9%.  The inventory of active homes for sale was at 8.8 months and the average time for a home to sell was at 79 days. 

I continue to say that this is the market for home buyers and those who do not take advantage of this market will miss out.  You will never know when it hits bottom until it starts climbing back up.  We have been helping savvy home buyers get some very-very good buys as of late.

Have An Awesome Week!

THIS WEEKS HOT HOME BUYS!

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615 Murin Street

Price: $255,000.00

Beds: 3

Baths: 2.5

Sq Ft: 2052

Description: Beautiful 2-story family home features a multi-purpose den with French doors, a large living room with fireplace and ceiling fan. Kitchen features oak cabinets, built-in appliances and a small desk. T ....

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1616 Kellog Road

Price: $300,000.00

Beds: 4

Baths: 4

Sq Ft: 2550

Description: This very welcoming 2-story family home has 4 bedrooms and lots of options. 2 additional rooms could  even make this into 6 bedrooms. Home has two master suites on each level with private baths. ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Real Estate Update 8/18/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

What a surprise to wake up to rain showers.  It certainly cleaned the air and settled the dust!

I am continually hearing from those thinking of purchasing a home that "I really don't want to get serious about buying until this market hIts bottom!"  I can tell you from my past experience that you really never know when a real estate market hits bottom until it begins climbing back up again and then you really missed hitting true bottom.  What I would suggest for those thinking of purchasing a home is to look at the market and what it offers and react to that more than speculating on the bottom.  For instance, right now we have a very good inventory of homes that are extremely well priced.  We also have a situation where mortgage interest rates are relatively low.  The combination makes for a very-very attractive buyers market.  Even if home prices drop even further, mortgage interest rates very well could rise and negate any further price reductions.  Furthermore, if you listen to the media and react to what they are reporting you will miss the best part of the market every time.

Have An Awesome Week!

AND HERE ARE THIS WEEKS HOT HOME BUYS!

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1136 57th St

Price: $185,000.00

Beds: 3

Baths: 2

Sq Ft: 1392

Description: This light and bright one level home has been completely updated with fresh paint, new carpet, vinyl and more. The living room has wainscotting and access to the single car garage with a automatic ope ....

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4644 Sedona Drive

Price: $275,000.00

Beds: 3

Baths: 2.5

Sq Ft: 1815

Description: This well maintained family home is located in the Santa Clara area of Eugene and offers 3 bedrooms, 2.5 bathroom, an office and approximately 1,815 square feet. From the covered front porch step into ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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 8/4/08

Tuesday, September 16, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

It looks like we are going to have some hot August weather for the week!  Enjoy it while it lasts.

The Real Estate market in the Eugene and Springfield area show a continual slowing for sales.  Pricing continues to decline and as I have been saying for months, this is the best market you are going to see if you are thinking about purchasing a home.  This is also an outstanding market for Real Estate investors.  With competitive property pricing, great mortgage interest rates and high rents, it's a good time to invest.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 7/28/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

I spent the last week at a national Real Estate convention.  The majority of the talk was involved in what is taking place with the Real Estate market.  I can tell you in confidence that after talking to other agents from almost every market in this country, the Eugene and Springfield area has has clearly maintained a much healthier market.  The one thing that I can see from this is that even though we saw home prices climb in our area, we did not see the kind of housing inflation that many parts of the country saw.  Our ride down may be much more gentle as a result.  Time will tell the story here. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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

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Displaying blog entries 641-650 of 718

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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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