Monday Morning Coffee
Good Monday Morning!
Homes sales nationally were up last month by well over 2%. The price of homes also saw an increase of over 2% nationally. This trend follows what we are experiencing here in the Eugene and Springfield market area as well. The hope is that this trend will continue long term both nationally and locally. All of this comes with a word of caution. The housing market recovery is extremely fragile right now and anything to do with the national or local economy that is negative could have a quick and sudden impact. This would include a potential rise in mortgage interest rates. Many economists warn that the recovery is hanging on by a thread and that at this point it could go either way in the months ahead. Housing is the leading indicator of an economy that is starting to recover, so the direction housing goes may very well be the direction our nationla and local economies go as well. For now though, enjoy the fact that mortgage interest rates are remaining at historic low levels and that the price of homes are also very attractive. If you are sitting on the fence trying to make the decision as to whether to jump in as a home buyer or not, this may be your best opportunity to get a great deal on your home purchase.
If you are entering into the home market as a buyer you should check out the web site www.forhomeinfo.com. At this web site you can enter in your home search criteria and it will instantly bring up any homes that match your search. The great thing is that you can also set it to send you new listings that meet your search instantly by e-mail as those homes hit the market. It is the slickest home search tool out there.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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5469 Jeffrey Way
Great home in nice neighborhood. Features high ceilings, archways, recessed lighting, great separation of space, and lots of storage. Fireplace in family room, dining area with slider to backyard, and kitchen with island. Master suite with double si...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
