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Monday Morning Real Estate Update 3/24/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Happy Spring Break!

The Fed continues with their efforts to improve the national economy. The latest round of short term interest rate reductions have not had a radical impact on mortgage interest rates, but they certainly turned the upswing in rates to a downswing in rates.  Look for more action from the Feds over the next few weeks as they desperately look for answers to the poor national housing market.

With rates dropping, it might be a good time to take advantage and start looking for a house or if you have been holding off on selling your home, this might be the bubble to take advantage of.  The current time period through mid Summer could be the best housing market we see this year.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 3/17/2008

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

The Feds made another drop in short terms rates yesterday.  The Fed is desperately working to turn the nations economy around.  The threat of recession continues to be driven by the poor national housing market.  Here in the Eugene and Springfield area we continue to have one of the best housing markets in the country.  It is not the market that we enjoyed 2 years ago, but in comparison to other parts of the country, it looks positive.  The average time on the market here is about 94 days and there is right around 10 months of total home inventory.  Home price are sliding slowly, but not to the extent that they are in other national markets.

If you would like to get an idea on what your homes value currently is, visit the web site www.forhomesellers-nonSmartZip.com.  This site will allow you to enter in information on your home and then receive a market value analysis by e-mail.  It's always a good idea to get an estimate of your homes value, whether you are planning to sell or not.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 3/10/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

Spring is happening!  The flowers are beginning to bloom and the leaves are coming out on the trees.  It is the beginning of a gorgeous time of year.

The Eugene and Springfield Real Estate market also seems to be awakening from Winter.  There are more buyers out looking right now than there has been in months.  If this starts turning into sales, we should see a marked improvement in homes sales over the next several months.  Mortgage interest rates have been on a roller coaster ride over the past week, but still remain extremely favorable with 30 year fixed rates in the low 6% range.  Look for these rates to continue their up and down ride over the next few months.

One bit of interesting news is that the average time it takes a home to sell in our current market is 92 days.  The average time it is currently taking homes listed by the Galand Haas Team to sell is 54.4 days.  Strong and aggressive marketing makes a difference 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 3/4/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

Sunday was another Spring like day!  We will take all we can have.

Mortgage loan interest rates climbed steadily for about a week and then dropped slightly at last weeks end.  With the poor economic news nationally, look for the Fed to drop short term rates again.  This could have an effect on mortgage interest rates and send them on the decline.  It has been a roller coaster.

The mortgage rate situation has had little impact on local home sales, where the average time on the market remains at about 92 days.  The climate is remaining very attractive for home buyers.  Look for home sales activity to pick up if rates decline again.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 2/25/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

Look for the Fed to drop short term rates again this week.  A bumpy ride with the bond market last week sent mortgage loan interest rates on the increase.  Rates did not jump considerably, but any increase at all is not good news for the already sluggish national housing market. 

The mortgage loan situation continues to be tough.  If you are considering either a home purchase or the refinance of your existing home, be cautious.  You will want to do your research and also do some shopping for the best rates, lowest fees and good advice on what loan program is best for you.  If you should need help with this, just hit reply to this e-mail and ask for lender information.  I would be glad to furnish you with a list of very good mortgage brokers in the Eugene and Springfield area.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 2/11/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

It looks like we have some better weather here for a few days!  We welcome what we can get this time of year.

In a recent report on the current national Real Estate market, it looks as if our current market situation may be around longer than we first thought.  It is now being predicted that our market down turn will most likely last for about 3 more years.  The part nobody can answer though is whether we have hit bottom yet or not.  It is possible that we have bottomed out and we will now just experience a flat market. Some experts believe it hinges on what happens with mortgage rates.  Any uptick in rates could set the market into further decline.  So, buyers who think they will wait this thing out longer and get an even better deal on a home purchase are gamblers. The combination of Lower prices and attractive mortgage interest rates may not improve from where they are today.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 2/4/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

If you are looking for a change in the Real Estate market you will have to look outside of the Eugene and Springfield area.  There really has been little change over the past several months and I don't look for much change in the months ahead.  This is why our current market remains one of the most opportune times to purchase a house that there has been in decades.  Home prices remain extremely attractive and there are many seller incentives out there.  With the current low mortgage rates, this is a wonderful opportunity.

If you would like to receive e-mail updates as new homes meeting your search criteria hit the market, you can log onto www.forhomeinfo.com to receive informative daily e-mail updates on homes listed for sale.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/28/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

The white stuff paid a rare visit to our area over the weekend.  It is gourgeous outside!

Nationally, the housing market had it's worst performance in 25 years last month.  Locally, we continue to dodge the bullet that has hit the national market.  The recent drop in mortgage interest rates actually is breathing some new life into home sales in our area.  If you are considering the sale of your home, I would not wait much longer.  It would be wise to take advantage of our recent upswing.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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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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Displaying blog entries 681-690 of 736

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