January 2011 Home Sales Stats For Eugene and Springfield
Good Monday Morning!
The monsoon rains have hit the Eugene and Springfield area and it looks like they are here for a few days! We will certainly welcome the return of sunshine.
January showed a 2.7% increase in home sales nationally. This is good news for a country starving for any signs of recovery from this long recession. It will be even more exciting if this becomes a trend and if the increase jumps to 5% or higher. The interesting fact is that at the same time that sales went up, home prices continued to decline nationally and even free fall in some markets. The other interesting fact is that with home mortgages remaining hard to obtain the number of cash sales lead the way and were the true reason for the sales increase. With home prices continuing their decline look for cash sales to become even a larger part of the purchase market in the months ahead.
Have An Awesome Week!
THIS MONTHS HOT HOME LISTING!
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3615 Waterbrook Way
Gorgeous custom home in Ashley Estate offering a fantastic floor plan w/ lots of extras! Featuring Brazilian cherry wood floors, granite counters, vaulted ceilings, stainless steel appliances, formal dining w/ french doors, oversize 3-car garage, RV...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
