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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 4/7/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

The weekend saw an return to Winter type weather.  April is always interesting in our area, so look for more Spring and Winter weather to come.

The mortgage loan situation  continues to become tougher.  Lenders programs have been significantly reduced and many loan s that were easy to get just a few months ago have gone by the way side.  Interest rates continue to be well under 6% for 30 year fixed financing, but obtaining these loans can be a chore in some cases.  Now more than ever it is important to go to a good reputable lender.  Trying to do the cut rate version now may spell disaster.

There is now well over a 10 month inventory of homes on the market in the Eugene and Springfield area.  This means that for buyers there is a great deal of inventory to choose from.  Prices are soft in many areas, so it still is the perfect time to buy a home.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 3/31/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Monday is the beginning of a new week and with each and every Monday we get to make the choice of how we perceive the week ahead.  By looking at the week ahead with excitement and optimism, we can  have a positive influence on how our week  will be and we can also certainly have a significant positive influence on the world around us.

The Real Estate market in the Eugene and Springfield area continues to show some signs of more activity.  With recent mortgage rate decreases, buyers seem to be taking a more serious look at purchasing homes now.  This may be a wise move with the uncertainty that exists in the mortgage world.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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 3/10/08

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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Displaying blog entries 51-60 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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