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Monday Morning Real Estate Update 7/14/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The heat has finally arrived here in the Eugene and Springfield area.  Temperatures in the 80's and 90's are predicted for the entire week.

The nation's mortgage woes continue to mount  as Freddie Mac and Fannie Mae stumble.  It looks as if the Fed's are going to revive them with some huge government loans.  This is a short term fix, so it may get interesting to see how the money markets and stock market respond.  With the Fed's money going to Freddie and Fannie, there should be some relief also to the money available for home financing.  Stay tuned for further developments here.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 7/7/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The home sales statistics are in for May of 2008 and just as expected they clearly indicate a continued deterioration of our housing market here in the Eugene and Springfield area.

The average time that a home is on the market is at 83 days.  This compares to 71 days for May of 2008 and this number is actually slightly better than April.  New listing hitting the market decreased by 11.2%.  This indicates that fewer people are attempting to sell in this market and are holding off until there is some signs of improvement.  Closed sales dropped 36.1% from May of last year and pending sales declined by 32%.  There were 2,364 active listings and this was 8.6 months of home inventory.  This is compared to 4.5 months of active inventory in May of 2007 and just 2.8 months in May of 2006.

Even with these new numbers, Eugene and Springfield continue to enjoy a better housing market than the majority of the country.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 6/30/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

What a gorgeous Summer weekend we had.  Mother Nature even decided to throw in some fireworks of her own.

Well, there are no significant changes in the Real Estate market here in the Eugene and Springfield area other than the fact that our inventory of homes has started to decline.  This situation is not taking place from an increase in homes sales, but is a result of fewer people making the decision to sell their homes at this time.  A lower inventory of homes for sale could start having an impact on the overall market if this trend continues. 

We have certainly found that the staging of homes we have for sale is having a significant impact on their time on the market.  We have several professional stagers that we work with and we are finding that by spending a little bit of money upfront with staging, we are receiving it back many times over on the sale of the home. This is one of the tactics that works in this market.

Have An Awesome Week and a Great Independence Day!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 6/09/08

Tuesday, September 16, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

We are very clearly well into a buyers Real Estate market  with inventory of available homes for sale at 9.5 months.  6 months of inventory is the break off point between a sellers market and buyers market.

One thing that holds true for sellers in this current market is the fact that the agent you choose to represent your property can have an enormous effect on how long your home is on the market and the price it sells for.  This is certainly not the kind of market that you want to choose a Real Estate professional based on the price they say your home is worth.  When interviewing agents always look at the agents track record over the past 5 years.  Agents who have been in the business 10 years or longer have weathered slow markets before and have some experience with them.  Look at the agents statistics compared to the MLS averages.  The agent you speak with should know these statistics very well.  Make sure that your agent has an aggressive home marketing plan and that it focuses heavily on Internet marketing.  Discount brokers may struggle in this current market, so beware. 

An experienced agent can help you get top dollar for your property, even in this market.

Have An Awesome Week! 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real estate Update 5/26/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Have a wonderful Memorial Day!

Speculation has it that mortgage interest rates could begin edging upwards by mid to late Summer.  With the current soft home prices and attrative interest rates, we may certainly be at the very best time to purchase a home. 

If you are considering the sale of your homne you can receive an e-mail analysis that will give you a good indication of your homes current market value at www.forhomesellers-nonSmartZip.com.

Have and Awesome Day!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 5/19/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

It was certainly a gorgeous Summer like weekend here in the Eugene and Springfield area.  It was just a teaser of what is coming in the months ahead.

The one thing that is certainly holding constant in this market is that if you are trying to sell your home, you will have to do everything just right.  You will need to price your home aggressively (below the values determined by the comparable sales), you must stage your home and having it looking better than your competitors and you then must promote it aggressively. If you do this you will have a fair chance of selling in this market.  If you do not you will be one of the homes that just sits and does not sell. This can be costly in a market that is continuing to decline in home values. Our current market is not for those who are just testing the waters. Selling your home in this market takes a full commitment to all of the factors mentioned. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 5/12/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

It looks like Summer may arrive this week.  90 degrees by Friday!!!

There is certainly a great deal of inflation taking place in the economy right now.  Gas is hitting $4 per gallon, postage went up to $.42 for a stamp, groceries and everything else are going through the roof.  One area that this is not the case is with home prices here in the Eugene and Springfield area.  Home prices are dropping and there are some extremely attractive opportunities available right now.  Mortgage loan rates are also attractive and are holding at under 6% for 30 year fixed financing.  It would appear that home prices may continue to decline even further over the coming months.  The unknown is whether mortgage rates will remain at the current low levels.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 5/5/08

Friday, June 6, 2008
by Galand Haas

Happy Cinco De Mayo!

There have been a number of articles written as of late indicating that renting is a smarter choice than purchasing a home right now.  Although, renting may be necessary for some people, home purchase remains a smart choice for most.  Long term, home ownership is one of the best investments most of us can make.  There is not only appreciation over time, but there are also significant tax benefits.  My advice is don't let the negative press on home ownership frighten you away from one of the most sound investments you can make.  Right now with home prices being soft and mortgage loan interest rates low, home purchase is a safe bet.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 4/21/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Snow on the ground in the Eugene and Springfield area in mid-April?  Wow!!!!

The month of March Real Estate statistics are out and it is clear that the market here continues it's downward trend.  Average days on the market are currently at 90 days, this compares to 78 days for March of 2007.  The biggest change is the number of closed home sales.  Closed home sales were down by 29.1% and pending sales by 28.7% from March of last year.  There was 10 months of active inventory on the market for March of this year.  This compares to 3.8 months of inventory in March of 2006 and 5.6 months of inventory in March of last year. 

Mortgage interest rates remain extremely favorable with 30 year fixed loans at around the 5 3/4% mark.  What a great time to be a home buyer!

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 4/14/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Spring decided to return for another few days over the weekend.  It doesn't get any better!

For the Eugene and Springfield Real Estate market it is just the same old same old. Fortunately, our market continues to be better than many other markets around the country, but it certainly remains on the slow side.  If the national economists predictions hold true, then we may see another 2-3 years of this kind of market. or even slower.  What this could indicate is that home values will decrease over that period of time.  If this is correct then this may be the best shot to sell your home that we will see in a while.  Something to think about if your are considering the sale of your home.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Displaying blog entries 651-660 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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