Eugene Real Estate news 10/15/08
Good Monday Morning!
Snow in the mountains and cool nights along with the changing colors of the trees means that Fall has arrived in full swing in the Eugene and Springfield area.
Last weeks sharp decline with the stock market has everyone in this country wondering where we are headed financially. This lack of confidence is certainly spilling over into the Real Estate market. This is something that our already deflated national housing market does not need.
There could be a silver lining. Look for the Fed to continue it's drop in rates. Believe it or not they could hit 0. This will bring on sharp reductions in mortgage interest rates, possibly seeing historic lows. Look for both Fannie Mae and Freddie Mac to come up with new mortgage loan programs and loosen mortgage loan requirements. Look for lenders to again have money and start looking to actually make loans again. All of this coupled with extremely low home prices and large inventories could create home purchase opportuites like we have never seen before. Stay tuned!
Have An Awesome Week!
THIS WEEKS HOT NEW LISTING!
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90782 Smith Lane, Coburg, Oregon
Description: Secluded farm house with view of open fields and mountains. Beautiful vaulted kitchen with breakfast nook, light & bright living room and family room with lots of modern updates. Well-lit staircas .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
