Eugene and Springfield Real Estate Update 8/18/08
Good Monday Morning!
What a surprise to wake up to rain showers. It certainly cleaned the air and settled the dust!
I am continually hearing from those thinking of purchasing a home that "I really don't want to get serious about buying until this market hIts bottom!" I can tell you from my past experience that you really never know when a real estate market hits bottom until it begins climbing back up again and then you really missed hitting true bottom. What I would suggest for those thinking of purchasing a home is to look at the market and what it offers and react to that more than speculating on the bottom. For instance, right now we have a very good inventory of homes that are extremely well priced. We also have a situation where mortgage interest rates are relatively low. The combination makes for a very-very attractive buyers market. Even if home prices drop even further, mortgage interest rates very well could rise and negate any further price reductions. Furthermore, if you listen to the media and react to what they are reporting you will miss the best part of the market every time.
Have An Awesome Week!
AND HERE ARE THIS WEEKS HOT HOME BUYS!
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1136 57th St
Description: This light and bright one level home has been completely updated with fresh paint, new carpet, vinyl and more. The living room has wainscotting and access to the single car garage with a automatic ope .... |
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4644 Sedona Drive
Description: This well maintained family home is located in the Santa Clara area of Eugene and offers 3 bedrooms, 2.5 bathroom, an office and approximately 1,815 square feet. From the covered front porch step into .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
