Monday Morning Real Estate Update 11/12/07
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