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Monday Morning Real Estate Update 3/12/07

Monday, April 2, 2007
by Galand Haas

Good Monday Morning!

Wow! 75 degrees on Sunday. It was a new record high temperature for that date! Congratulations to the Oregon ducks men's basketball team for winning the Pac 1o tournament and now moving on to the NCAA tournament.

The home sales statistics are in for last month.  There were 558 new homes hitting the market.  This was in comparison to 510 for the same month in 2006.  There were 257 closed sales, which was the exact same number as February of 2006.  The average time on the market increased to 76 days.  This is compared to 55 days during the same month of last year.  The average sales price was $243,700, which is up from $236,600 for February of 2006.

As you can see the largest difference from a year ago is the time it takes a home to sell and the average sales price. So there goes the thought that we have a bad RealEstate market here 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 3/26/07

Tuesday, March 27, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the University of Oregon men's basketball team for making it all of the way to the Elite 8 in the NCAA tournament. It was a great season!

The Fed kept rates stable last week, so there has been little change in mortgage interest rates with the potential of a declining rate situation over the next few weeks.  With this news and the news that the Fed could even lower rates on the next go around, we should see a continued improvement in the Real Estate market in our area.  This is good news for home buyers and home sellers as well.

Have An Awesome Week!. 

 

 

 

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 3/19/07

Tuesday, March 20, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the Oregon ducks men's basketball team for advancing to the Sweet 16.  Good luck Friday against UNLV!!!

The Real Estate market here in the Eugene and Springfield area remains in kind of a holding pattern.  There just has not been any significant change one way or the other in weeks.  The only thing to watch at this time is the slow down in the number of homes hitting the market for sale.  This could be a trend or maybe it is just a lull before the Spring rush.  I will keep you informed as we move ahead.

If you are considering selling your home, you can receive a FREE home market value analysis by e-mail simply by logging onto www.forhomesellers-nonSmartZip.com and entering in the details on your home.

Have An Awesome Week!

 

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Monday Morning Real estate Update 2/26/07

Monday, February 26, 2007
by Galand Haas

Good Monday Morning!

Winter-Spring-Winter-Spring!  The weather can't make it's mind up.  One thing that is for sure is that the month of March in Oregon will bring more of the same!

Is the Real Estate market in the Eugene and Springfield area strong or slow?  Well, just like March weather, it depends on the mood that week. We are seeing great activity one week and then the next week it's just very slow.  This is because our market is just downright inconsistent right now.  Buyers are fickle and just the slightest events or things can quickly change the mood of the market.  The interesting part of this may be watching which direction we head for the duration of the year.  One thing that I can say is that right now is a very good time to take advantage of softer home prices and good mortgage interest rates.  Inventories of homes for sale remain high, so there is a very good selection out there. 

If you wish to go on our automated e-mail home search log onto www.forhomeinfo.com. This system will automatically update you daily by e-mail with complete information on homes meeting your search criteria as they hit the market.  This system updates each day at 5:30 a.m., so you will typically know about new homes hitting the market even before the agents do.

Have An Awesome Week!

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Monday Morning Real Estate Update 2/19/07

Monday, February 19, 2007
by Galand Haas

Good Monday Morning!

Saturday certainly gave a a sneak preview of Spring.  There is lots more of this weather on it's way.

"Don't look for any huge upswings in the Real Estate market nationally"!  This was the statement that was made over an over at the national Real Estate convention I attended last week.  This news is not all bad, because the culprit for our slower market is the fact that home prices have increased much faster than the buyers ability to purchase them has. Our current situation will slow that process down.  Most likely we will not see a strong market again until home prices and home buyers ability to purchase are in sync once again. 

This does mean that for home buyers today, there are bettter deals on homes and the prices will most likely be soft for some time to come.  For those selling a home this market demands proper home pricing. If sellers do not have their home priced in line with the market and the competion, their chances of selling will be slim.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 2/12/07

Friday, February 16, 2007
by Galand Haas

Good Monday Morning!

The Real Estate market in the Eugene and Springfield area continues to be somewhat stronger.  Even with the slight increase in mortgage interest rates there seems to be more home buyer interest.  For home buyers this really is a great time.  Home prices are certainly softer and there is a fairly good inventory of homes to choose from. 

If you are thinking of purchasing a home, make sure that you explore your mortgage loan options.  We have watched many buyers go into loan situations that become very negative several years later.  Know your options and do some research before you just take out a mortgage loan.  If you have any questions on mortgages or would like to have a top mortgage loan professional recommended, please e-mail or call me.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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National Builder Homes Sales Slip

Wednesday, January 10, 2007
by Galand Haas

D.R. Horton home sales slide as market slows
Portland Business Journal - 1:36 PM PST Tuesday
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D.R. Horton Inc., the largest homebuilder in the nation, announced lower-than-expected first-quarter home sales Tuesday.

The Arlington, Texas-based company, which has major housing projects in Albany, Bend, Eugene and Portland, reported first-quarter sales of $2.3 billion, dramatically lower than the $3.2 billion a year earlier. Analysts estimated sales of more than $2.7 billion, even with the slumping market.

 
The company's cancellation rate -- when would-be homebuyers back out of a contract -- declined to 33 percent from 40 percent in the fourth quarter, but still much higher than in recent years.

"We continue to experience higher-than-normal cancellation rates and an increased use of sales incentives in many of our markets," company chairman Donald R. Horton said in a news release.

D.R. Horton (NYSE: DHI) has canceled or delayed plans for some subdivisions nationwide.

D.R. Horton accounted for almost one of every eight homes sold during the first half of the year in the six-county region, the largest market share in at least a decade. The first-half figure was the most recent available.

The company will release its first-quarter earnings on Jan. 23, before the market opens.

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January-March of 2007 is a great time to sell your home

Monday, January 8, 2007
by Galand Haas

 

HOME SALES MARKET REALITY

The home market in the Eugene and Springfield, Oregon area in Janaury of 2007 is certainly not in line with what is taking place in the national market.  Statistics show that through the end of the 2006 year our area realized a home price value increase of 13.4%.  This kind of value increase is not the norm for most of the United States at this time. This is an excellent market for home sellers to think about obtaining a sale at top market value.  It is the right market for first time buyers and move up and move down buyers to take action. 

If you are thinking of putting your home on the market you can receive a FREE home value market analysis by e-mail at www.forhomesellers-nonSmartZip.com.

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Internet Home Search

Monday, January 8, 2007
by Galand Haas
INTERNET HOMES
 
Today over 80% of home buyers in the United States will use the internet as an integral part of their home search. This process is very easy for those savvy home buyers who have discovered that they can receive information daily by e-mail as new homes meeting their search criteria hit the market. The home buyers using this service will typically know about these new homes for sale hitting the market even before the agents have knowledge about them. In the Eugene and Springfield Oregon market area, buyers search for Real Estate can go to www.forhomeinfo.com to initiate this helpful service.
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