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Monday Morning Real Estate Update 1/21/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

Happy Martin Luther King Day!  For all of those who have today off, enjoy the sunshine!

Mortgage interest rates continue their slow decline.  Will the housing market react?  This is a very good question. The Federal Government does not feel confident that the current low rates are enough and they will continue to drop their short term rates.  This does not always have an immediate effect on long term rates, so the jury remains out on what the future will bring us with mortgage rates.  Watch closely because the Real Estate market may just surprise us all in the next few months.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/14/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

It was certainly nice to see sunshine on Sunday!

Nationally, the housing market continues to slump.  Look for the Feds to make further moves to kick start housing by dropping the prime again. Also, look for a substantial drop this time.  How much effect this next drop has on mortgage interest rates is yet to be seen.  Rates are already at a 3 year low and a further decline can do nothing but help at this point.  Negative press on the availability for mortgage financing is somewhat exaggerated.  There are plenty of good loan programs out there for those who qualify.  The sub-prime loans that were feeding financing to those who were at very high risk are the loans that are gone.

Have An Awesome Week!



Sincerely,
Galand
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Monday Morning Real Estate Update 1/7/08

Tuesday, January 8, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

The Holiday bustle is over and it's now back to life as usual.  It is also that time of year that we traditionally see the Real Estate market pick up steam.  Here in the Eugene and Springfield area we have not wasted any time in picking up the pace.  One large reason for a surge in activity comes from the fact that mortgage interest rates have steadily decreased over the past several weeks.  As of the end of last week I was seeing 30 year fixed conventional loans as low as 5.5%.  This is the lowest level in years and buyers are learning that this combined with lower home prices and a very nice inventory of homes to choose from has given them a great opportunity.  This trend will do nothing but improve if interest rates continue their decline. or even remain steady.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

 

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Monday Morning Real Estate Update 1/1/08

Tuesday, January 8, 2008
by Galand Haas

Good Monday Morning!

Happy New Year!!!!!!

It now appears that the Eugene and Springfield area will hit 2008 with some renewed energy in the Real Estate market.  We have certainly watched a significant increase in both the number of buyer calls and showings on home we have listed for sale.  This trend has picked up steam over the past 3 weeks, which is typically a much slower time of interest due to the Holiday's.  Over this same time period we have also sold a number of homes that have been on the market for extended periods of time.  This is good news for a market that was in steady decline.

If you are considering selling a home in 2008, the first quarter may very well be your best bet.  If you wait for the trees to bud and the flowers to bloom you may miss the best part of the 2008 market for home sales.  Waiting for Spiring/Summer could cost you time and money.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 12/17/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

If you have not had the opportunity to view the Christmas lights in our community this year, you need to take the time to do so.  They are spectacular!

Buyer interest in homes for sale in our area continues to rebound. Even at this time of year, when we typically see little interest the numbers of home showings continues to increase.  This is a good indication that the first quarter in 2008 will see an increase in home sales.  With mortgage loan interest rates continuing their decline, this could signal the bottoming out of the slow down in home sales for Eugene and Springfield.  It's hard to hit the market right, but my suggestion to anyone interested in buying is to not wait a moment longer.  Thinking that home prices could become even more attractive down the road could be a mistake.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 12/10/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the Marist High School Spartan football team and the Sheldon Irish High School football team for their state championships in Divisions 4A and 6A.  Way to go.

Mortgage interest rates continue to decline.  Last week I saw some 30 year fixed loans at 5.5% to 5.6%.  This is the lowest these rates have been in several years.  Over the past several months, I have been telling prospective home buyers that this is the time to act.  You may not see the market get any better for purchasing a home than what it is right now.  Good markets are hard to hit and many times we wait to see if they will get even better and then miss the chance to really hit it right on.  It's impossible to predict the future, but we just very well may be a that point where you want to think about making your home purchase.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 12/3/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

It was an exciting Civil War football game on Saturday!  Thank goodness the storm did not arrive until Sunday.

National statistics show that we are currently in the largest housing slump in decades.  Locally, we are still on the positive side for home prices and even though the market has slowed we are not experiencing the same market conditions that many parts of the country are seeing.  This shows that there can be a significant difference in markets from area to area.

My experience to date has been that the homes we put on the market for sale will sell as long as the home is priced correctly for this market.  Homes with inflated sales prices will sit without selling.  Time on the market certainly is longer here, but the fact is that homes are selling and there are some whopping great buys out there if you are interested in purchasing a home.  Don't be afraid to take advantage of good local market.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 11/26/07

Monday, December 17, 2007
by Galand Haas

Good Monday Morning!

Nothing like a little bit of chilly Winter weather to help us feel in the Holiday spirit!  Christmas is just around the corner.

This message is specifically for anyone who has purchased a home with an adjustable rate mortgage, (ARM).  If your loan is due to adjust within the next 24 months and you plan on living in your home past that time period, it would be a very good idea to think about a refinance of your existing ARM loan right now.  We know that rates are good today and this would take the gamble out of potentially higher rates at the time of your ARM rollover.  If your current lender is offering deals, take a hard look, but also shop around.  I have a list of some very good and competitive lenders.  If you would like a list of these lenders, send me an e-mail.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate update 11/19/07

Monday, December 17, 2007
by Galand Haas

Happy Thanksgiving!

Recently, our local press has given some very biased views concerning our Real Estate market.  The truth is that our local market is fairing much better than many other parts of the country.  It is true that we are no longer in the hot Sellers market of 2006, but we are in the midst of one of the best opportunities for home buyers that our market has had in many years.  The local press has confused our local market with the national market and has not done a good job of giving a true picture of our local Real Estate market.  This kind of reporting can significantly influence a market.  The truth is that right now home buyers can easily get a home loan at a very attractive interest rate.  Home buyers also have the opportunity to choose from a greatly expanded inventory of homes for sale that are at more attractive prices than over the past several years.  The real truth is that we should now be in the hot Buyers market of 2007.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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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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Displaying blog entries 671-680 of 718

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Haas Real Estate Team
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2645 Suzanne Way Suite 2A
Eugene OR 97408
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