Community Real Estate Update-Eugene and Springfield 10/8/08
Good Monday Morning!
Our first Winter like storm dappened the area over the weekend. Don't worry, there is more sunshine on it's way!
Don't look for any immediate change as a result of the bail out bill passed by Congress last week. Only history will tell us what we just bought for 700 billion dollars. We can only hope that the most immediate result will be in the way of some improved consumer confidence. Also, look for the Fed to lower rates when they meet this month. The combination of some lowering mortgage interest rates and some changes in lending practices could ease the mortgage crisis a bit.
In the months ahead look fo a continuation of soft home prices and the probability of lower mortgage interest rates. The next six months could offer the very best climate we have ever seen for home purchases in this country. Don't sit back and wait while this one passes you by.
Have An Awesome Week!
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1376 Cal Young Rd., Eugene, Oregon
Description: This tidy 1-story home offers a spacious and well-manicured front lawn, 1-car carport, 1-car garage with lots of storage. The living room features hardwood floors and the family room offers wall-to-wa .... |
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420 Broadway, Springfield, Oregon
Description: This charming home has lots of options. It features a wrap-around, covered front porch, gas-ready fireplace, wall-to-wall carpet, spacious master suite with walk-in closet, lots of kitchen storage, fu .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
