Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 508

Pending Home Sales Continue To Decline For Seventh Month In A Row

by Galand Haas

Good Morning!

Nationally, pending home sales continue to decline for the seventh month in a row. As the video explains, this is primarily due to home affordability, low inventory and also to a lesser degree, rising mortgage interest rates. This trend could begin the shift to softer home prices down the road. View video HERE.

Have an awesome week!

THIS WEEK'S HOT HOME LISTING!

6997 GLACIER DR

Price: $369,900     Beds: 4     Baths: 2.5    Sq Ft: 2406

Completely remodeled! Fresh interior & exterior paint. All new carpet, vinyl wood floors, LED lights w/ Decora switches, heat pump, furnace, hot water heater. Large lower level bonus space (not included in SF) w/ lots of potential; could make a grea... View this property >>

 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

How To Avoid Accidents In Your Home With These 6 Easy Tips

by Galand Haas

Good Monday Morning!


There has been a large number of home accidents over the past several months in the Eugene and Springfield area. With that in mind, I am sending this article from "Realty Times" on home accidents.


It's safe to say that none of us are purposely making our homes a hazard. And, no matter how hard we try, accidents still happen. But there is nothing more important than protecting ourselves, our families, and our investment.


"The home is supposed to be where you and your family are safe and protected but every year accident and emergency units deal with serious injuries and sometimes fatal accidents that occur in the home," said StaySafe. "It is not just children and the elderly that can come to harm in the home with things like chemicals and choke hazards. Accidents in the home claim 18,000 lives each year in America alone, "accounting for 21 million medical visits annually. Many of these accidents are preventable."


These tips will uncover key areas where dangers typically lie and the simple maintenance involved in avoiding them.


Dryer vents

Thousands of fires are started in the home every year because of deferred maintenance related to the clothes dryer. You may clean out the lint screen, but it's the lint you can't see that accumulates in the vent that can be dangerous. The U.S. Fire Administration (USFA) "recommends cleaning or having a professional inspect the vent for lint build-up a minimum of every two to three years," said Hunker. "Keep a fire extinguisher nearby in case a fire does break out in or around your dryer."


Falls

A third of all fatalities in the home are due to falls. A great number of them are related to old age, however people of all ages can also be at risk. Installing safety gates at the top and bottom of stairs is an obvious safety precaution with little ones, as are grab bars in bathrooms that are serving older individuals. Closely monitoring wet areas - just outside the shower and bath and in front of the kitchen sink - can help with slips. Installing nonslip rug pads under area rugs is key to keeping them in place and eliminating falls.


Blinds

The thought of a young child being strangled due to hanging cords from window blinds is horrifying. But it happens. According to USA Today, "Injuries and death from window blind cords send two kids to emergency department each day." Eliminate the worry without having to give up the blinds by choosing a cordless version. They give you the look and room-darkening features you want with some added safety measures.


Fire alarms

When's the last time you changed your fire alarm batteries? If you can't remember, you're obviously overdue. "Install fire alarms on all levels of your home, and check and change the batteries at least annually," said safewise. "Consider investing in a smart smoke detector like Nest Protect. This alarm uses Wi-Fi to provide real-time updates and remote monitoring right on your smartphone or other mobile device." 


A dirty oven

Most ovens today have a self-cleaning feature. While it's not entirely pleasant to endure the smell while it's doing its thing, it far outweighs the alternative, especially considering 40 percent of fires in the home start in the kitchen.


"A dirty oven can cause fires while cooking, allowing charred food or grease to ignite," said Home Security. "Clean your oven regularly and always attend food while cooking in the oven.'


Carbon monoxide posioning

Carbon monoxide is called the silent killer because "its presence is not known until symptoms of the exposure are experienced," said Poison Control. "It is a colorless, odorless, tasteless, and potentially dangerous gas. You can't see it or smell it." 


It's typical for smoke detectors to be in homes, but despite the fact that a carbon monoxide detector can save lives, they are often left to the homeowner to purchase and install. "Each year in the United States, more than 200 accidental deaths are caused by carbon monoxide (CO) poisoning. It is considered the leading cause of death from poisoning in the United States.


Have an awesome week!

 

THIS WEEK'S HOT HOME LISTING!

3187 Kentwood Drive

 Price: $269,900   Beds: 3   Baths: 2   Sq.Ft: 1,172

 Fantastic updated home in Ferry Street Bridge! New laminate wood floors, doors and hardware, fresh interior and exterior paint, and kitchen countertop. Bright and open inside. Living room with dining area. Kitchen with eating bar opens to family roo... View this property >> 

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Here's Why Affordability In Housing Market Is At Record Lows

by Galand Haas

Good Monday Morning!

The housing market both locally, in the Eugene and Springfield area, and across the nation seems to be slowing down. There certainly are fewer buyers out there serious about a home purchase. Home affordability could be most of the reason for this recent slowdown. This video from CNBC gives details on why affordability could be having an impact on the housing market at this time.

View video HERE

Have an awesome week!

 

THIS WEEK'S HOT HOME LISTING!

84305 DERBYSHIRE LN

Price: $450,000   Beds: 3   Baths: 1.5   SqFt: 2,019

Beautiful country property! Serene tree views surround 5.27 acre estate w/ gate entry. Engineered wood floors, 2 fireplaces, ductless heat pump, recessed lights & sliding door. Open galley kitchen w/ eating nook. Living & family rm, plus bonus rm w/... View this property >>

 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

This Month In Real Estate August 2018

by Galand Haas

Good Morning!

Nationally, homes sales dipped slightly in July, but home prices continue their upward trend.  It is my guess that we may have reached the peak in home prices and home prices will either remain flat, or possibly even start a decline soon.  Both locally and nationally, homes are becoming less affordable with higher prices and higher mortgage interest rates.  There is a point where the market will flatten due to this and home prices will begin the decline.  We are either there or it is close.

View video here

Have an awesome week!

 

THIS WEEK'S HOME HOME LISTING!

 

253 WEDGEWOOD DR

Price: $320,000    Beds: 3    Baths: 2.5    Sq Ft: 1855

Fabulous one-level home in desirable Santa Clara neighborhood! Spacious 0.22 acre lot on lovely low-traffic street. Living room w/ fireplace. Large galley kitchen w/ pantry. Dining/Family room combination w/ fireplace. Large private master suite w/ ... View this property

 

AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Slow Rise In Home Inventory Still Not Meeting Demand

by Galand Haas

Good Morning!

It seems that much of the nation is beginning to feel the pressure from housing markets that are quickly becoming over-priced. California, which has had extreme housing inflation for years is feeling the pain of an over-priced market and home sales are beginning to slow down quickly in many areas. California many times leads national housing trends. Here is an article from MSNBC that talks about the housing market changes.

A slight increase in the supply of homes for sale brought buyers back to the table in June.

Pending home sales, a measure of signed contracts to buy existing homes, rose 0.9 percent in June compared to May, according to the National Association of Realtors. Sales, however, were 2.5 percent lower than they were in June 2017. Pending home sales have been down annually for six straight months.

Sales increased in all regions of the country, rising 1.4 percent month-to-month in the Northeast, 0.5 percent in the Midwest, 1.1 percent in the South and 0.7 percent in the West. Compared to a year ago, however, sales were lower in all regions – weakest in the West.

"After two straight months of pending sales declines, home shoppers in a majority of markets had a little more success finding a home to buy last month," said Lawrence Yun, chief economist for the Realtors. "The positive forces of faster economic growth and steady hiring are being met by the negative forces of higher home prices and mortgage rates."

The severe shortage of homes for sale has been plaguing the housing market for more than a year. As demand rises, prices continue to heat up, with multiple offers more the norm than the exception. Total housing inventory at the end of June rose 0.5 percent compared to June of 2017, the first annual increase in three years.

"Even with slightly more homeowners putting their home on the market, inventory is still subpar and not meeting demand. As a result, affordability constraints are pricing out some would-be buyers and keeping overall sales activity below last year's pace," added Yun.

Affordability has hit the West especially hard. Home sales in southern California plummeted in June, according to CoreLogic, as buyers came up against red-hot prices. Some sellers are starting to lower prices, and real estate agents there are reporting fewer bidding wars. This could mark a turn in the market.

The rise in pending home sales, albeit very small for the month, does show that as more inventory comes on the market, there are buyers waiting to meet it. One headwind going forward is mortgage rates. They barely moved at all in June but started to edge higher again in July. Should rates move even more decisively higher, especially amid still-high home prices, sales could weaken further.

Have an awesome week!

THIS WEEK'S HOT HOME LISTING!

 BOLTON HILL RD

Price: $990,000    Beds: 4    Baths: 3.5    Sq Ft: 3700

Stunning estate w/ amazing valley view! Enjoy beautiful sunsets & sunrises over Fern Ridge Lake & Three Sisters mountains from a serene & private hillside. Oak & hickory hardwoods, marble & porcelain tile. Master suite. Bonus rm w/ balcony, office &... View this property >>

AND HERE'S YOUR MONDAY MORNING COFFEE!!

Mortgage Applications Down 2.5% vs. Previous Week

by Galand Haas

Good Monday Morning!


 

The combination of rising home prices and slightly higher mortgage interest rates is beginning to have an impact on the housing market.  It is clear that we are now seeing fewer buyers entering the market due to home affordability.  This may be the beginning of an end to the heated homes sales market that we have been in for several years.  A slow down in buyer numbers is usually the first indication of a shifting market.


Have an awesome week!

 

THIS WEEK'S HOT HOME LISTING 

6997 Glacier Drive

Price: $375,000    Beds: 4    Baths: 2.5   Sq.Ft.: 2,406

Completely remodeled! Fresh interior and exterior paint. All new: carpet, vinyl wood floors, LED lighting with Decora switches, heat pump, furnace, hot water heater. Large lower level bonus space (not included in SF) with lots of potential; it could make a great mother-in-law suite. Private master suite...View this property>>


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Latest Market Activity For June 2018

by Galand Haas

Good Morning!

The numbers are in and Lane County had another strong month of home sales for June of 2018.  The primary thing to note is that the average home sales price continues to increase and is now over $300,000 as you will see.  One has to wonder how long this trend can continue in a market with a wage scale that does not support this high of an average home price? Here are the numbers for June of 2018.

 

June Residential Highlights

 

Lane County had mostly positive activity this June, with accepted offers leading the way. At 561, pending sales outpaced June 2017 (544) by 3.1% and May 2018 (521) by 7.7%. The last June when pendings ended stronger was in 2004, when 588 offers were accepted.

 

New listings, at 733, fared well in June. At 733, new listings rose 2.8% ahead of June 2017 (713) and 7.8% ahead of May 2018 (680). This was the strongest June for new listings since 2007, when 902 were listed.

 

Closed sales, at 479, dipped 6.1% under the 510 closings recorded in June 2017 but fared 6.2% better than last month in May 2018.

 

Inventory rose upward slightly in June to end at 1.7 months, with total market time holding steady at 38 days.

 

Year to Date Summary

 

Comparing the first six months of 2018 to 2017, closed sales (2,439) have increased 5.7% and pending sales (2,786) have increased 1.7%. New listings (3,370) have decreased 0.4%.

Average and Median Sale Prices

 

Comparing 2018 to 2017 through June of each year, the average sale price has increased 7.3% from $281,900 to $302,500. In the same comparison, the median sale price rose 9.1% from $254,000 to $277,000.

Have An Awesome Week!

 

THIS WEEK'S HOT HOME LISTING!

6997 Glacier Drive
Price: $375,000 Beds: 4 Baths: 2.1 Sq. Ft.: 2,406

Completely remodeled! Fresh interior & exterior paint. All new carpet, vinyl wood floors, LED lights w/ Decora switches, heat pump, furnace, hot water heater. Large lower level bonus space (not included in SF) w/ lots of potential; could make a grea...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

Simple Home Selling Tips To Attract Buyers

by Galand Haas

Good Morning!

Even in the strong sellers market that we are currently experiencing in the Eugene and Springfield area, there are always a few homes that just don't sell.  9 times out of 10, the issue is price.  We find that even during hot markets, overpriced homes may get looked at, but they just do not attract offers.  Pricing with the market is crucial with any kind of market and today, we find that competitive pricing often brings in multiple offers and the purchase war begins.  This strategy will bring about a sale for top dollar value in any market.  Along with this, there are a few things that homeowners can do to make their home more attractive to potential buyers.  The following are a few tips that just might help you if you have a home on the market or if you are considering the sale of your home.


If your home is in pretty good shape (i.e. it's decently updated and not in need of a total overhaul), you might think it's ready to go on the market as is. But little things you wouldn't expect can end up being deal breakers. And, when you've got competition, you need your home to stand out for all the right reasons. Give your home a good look and address the little things now before they become big problems when buyers are balking.

 

Cords hanging from your mounted TV

This is one of those things that tends to fade into the background in a home we live in every day. But don't be surprised if new eyes go right to those dangling cords and wonder why you didn't take the next step and hide them in the wall. Anything that makes a potential buyer question whether you cut corners or were lazy elsewhere could spell bad news for your home sale.

 

An unkempt yard

So, you had your landscapers out to clean out your flower beds, trim the bushes, plant colorful new blooms and mulch everything. And then, the night before a showing, a storm blew a whole mess of leaves into your yard. Grab that rake and make it a family affair out on the lawn at dawn. You know what they say about first impressions. Buyers likely won't be forgiving of a messy lawn, and your house may stand out if they can see the effort made to clean it up when the neighbors' yards are still 15-deep in leaves.

 

A dingy front door

Again with the first impressions. Your home may look great inside, but if the front door is chipped or faded, or the hardware is worn, your potential buyers may never get past it. This is an easy fix, and one that consistently rates high on the ROI scale.

 

Animals

While homebuyers in general may not mind if animals live in the home they are considering purchasing (unless there are severe allergy issues), they don't want to see - and, especially, smell - evidence of them. You have probably gathered up and stowed away the overflowing box of toys and balls. But have you considered the smell? You might not notice it, but first-time visitors likely will.

You don't have to rehome your pets; Use these tips from petMD to make your home smell pet-free.

 

Cobwebs

Even if you keep a pretty clean home, there may be areas that need attention, like ceiling fans or windowsills that are out of reach. You may not have a housekeeper on a regular basis, but doing a one-time, super deep clean before your home hits the market is a good way to make sure potential buyers don't nitpick and find a reason to question the home's condition.

 

Poor furniture arrangement

If you're rolling your eyes at the idea that the way you have your living room laid out could make a difference in whether or not your home sells, remember back to when you saw the home for the first time. Were you picturing your own furniture in the space? That's what real buyers do, and if they can't picture how it will work because you have too much stuff in the space or it's oddly configured - blocking a fireplace or doorway, for instance - you're keeping them from doing the thing that could make them buy the home.

 

"Square footage is important to homebuyers, so when you're selling a house it's important to maximize the space to appear bigger and highlight each room's dual functionality to enhance buyer appeal," said U.S. News & World Report. "A home seller can do this by decluttering, lighting up the room and especially by having your furniture strategically placed to show off the square footage. The layout will determine the visual size and flow of the room." You can learn more staging tips for arranging your furniture here.

 

Junk drawers and crammed cabinets

Buyers who are genuinely interested in your home are likely going to open everything and look everywhere. It's not snooping (at least, we hope it's not snooping!) - it's an interest in how much storage there is in the home. You may be forgiven for one "junk drawer," but the neater and cleaner you can make everything else, the better. You want people to see the space, not your stuff.

 

Overfilled closets

The need to showcase the space, not the stuff, goes double for closets. "Whether it's a hallway coat closet or a master suite walk-in, your home's closets will have a major big impact on prospective buyers," said Apartment Therapy. "Box up off-season apparel - or better yet, donate it - and remove extra hangers so yours looks spacious and streamlined."

 

Cluttered countertops

Eliminating, or at least cutting down on, clutter in your home is key to getting it sale-ready, and this is especially important in kitchens and bathrooms. While people may be impressed by your professional mixer and juicer, they're much more interested in knowing they have ample countertop space for their own stuff.

 

Have An Awesome Week!

 

THIS WEEK'S HOT HOME LISTING!

1670 Ridgley Blvd

Price: $415,000   Beds: 3   Baths: 2 full, 1 half   Sq. Ft: 1,951

Terrific two-story in highly desirable area! Features vaulted ceiling, skylights, bay windows, recessed lights and hardwood floor. Gas fireplace in living room. Kitchen with eating bar opens to dining room. Family room with closet and slider to back. Master suite with...View this property>>

 


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Good Morning!

 

Rents have crept up in most communities just as home prices have.  In fact in many areas rents have increased at a higher rate than home prices.  I find today that many of the renters are paying more money to rent than they would be spending on a home payment.  By renting they are also losing out on some great opportunities such as depreciation and interest tax deductions.  Renters are also just making the landlords payments and not building equity.  Long term the buidling of equity in a home is one of the greatest wealth building opportunities for most people.  The followng is an article from "Realtor.com" on a recent study of the current trend towards renting.

 

A growing percentage of apartment renters aren’t interested in buying a home as affordability challenges take a bigger toll on American aspirations of homeownership.

 

In all, 20% of renters said they have no interest in owning a home, up from 17% in August and 13% in 2016, according to results of a semiannual survey of renters by mortgage company Freddie Mac in January.

 

Two-thirds of renters who plan to continue renting said they are doing so for financial reasons, up from 59% two years ago, according to the survey. 

 

“Housing is becoming less and less affordable. Renting is perceived to be the more affordable housing option,” said David Brickman, an executive vice president at Freddie Mac and head of its multifamily division.

 

The growing preference for renting comes even as the economy has strengthened and credit has loosened, in theory making homeownership possible for more people. Renters generally report being better off financially, with some 39% saying they have money to take them beyond the next payday, up from 34% in August, according to Freddie.

 

But home prices have risen strongly in recent years while rent increases have slowed, especially for luxury buildings in urban centers. The S&P CoreLogic Case-Shiller National Home Price Index rose 6.2% in January from the same month a year earlier, while the average apartment rent increased a more manageable 3.9% in the first quarter from a year earlier, according to real-estate research firm Reis Inc.

 

The preference for renting is being driven in part by baby boomers, who are more likely to have experienced some of the pitfalls of homeownership. Some 35% of baby boomers said they have no interest in owning a home, up from 31% in August and 23% two years ago, according to the Freddie Mac survey.

 

At the same time, concerns about affordability are most prevalent among younger renters. Nearly three-quarters of millennials said they are renting for financial reasons, up from 59% two years ago.

 

The survey was taken in late January, so it likely doesn’t reflect the full impact of the tax bill that passed in late December and shifted the equation in favor of renting for many households.

 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

88107 Keola Ln

Price: $595,000   Beds: 3   Baths: 3   Sq. Ft.: 3,488

Luxurious rural living! Serene tree views surround 1.79 acres. Every room has been updated! Tubular skylights, recessed LED lights, quartz and granite counters, solid oak floors, new tile floors and carpet, fresh interior paint and more. Master suite on main level. Large kitchen, formal dining, living plus family room, vaulted bonus room, laundry/mud room, 3 fireplaces. 4-car garage, RV parking, greenhouse, orchard...View property

 

AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Latest Market Activity for March 2018

by Galand Haas

Good Morning!


March home sale numbers are in for the Eugene and Springfield area and the sellers market trend continues.  The inventory of homes for sale actually decreased from February, which is not normal and home prices continue to increase.  This is not the best news for homebuyers, but continued good news for homesellers. My caution here is that with mortgage interest rates up and the continued increase in home prices, there will be a point where this market will shift and make a correction.  That time could be sooner than later.  Here is the March 2018 homes sales report.


March Residential Highlights


March brought gains nearly across the board in Lane County, with closings taking an impressive lead. Closed sales (404) ended 13.8% ahead of March 2017 (355) and 36.9% ahead of February 2018 (295). It was the strongest March for closings in the county since 2006, when 409 were recorded.


Pending sales (489) edged 2.3% ahead of March 2017 (478) and outpaced February 2018 (392) by 24.7%.


New listings, at 531, fell six short of last year in March 2017 (537, -1.1%) but warmed 42.7% from last month in February 2018 (372).


Total market time decreased by three days to end at 61 days this March, with inventory creeping downward to 1.4 months.



Average and Median Sale Prices


Comparing the average price of homes in the twelve months ending March 31st of this year ($292,800) with the average price of homes sold in the twelve months ending March 2017 ($268,000) shows an increase of 9.3%. The same comparison of the median shows an increase of 10.4% over that same period.



Have An Awesome Week!

 

THIS WEEK'S HOT HOME LISTING

 Wedgewood Dr

List Price: $330,000     Beds: 3    Baths: 2.5    Sq. Ft.:1,855

Fabulous one-level home in desirable Santa Clara neighborhood! Spacious 0.22 acre lot on lovely low-traffic street. Living room w/ fireplace. Large galley kitchen w/ pantry. Dining/Family room combination w/ fireplace. Large private master suite w/ 2 closets & access to back. Laundry room w/ half bath.  Well-manicured lawns w/ sprinklers, fence backyard, covered deck & patio, & tool shed. Only 5 minute drive to schools, stores & park... View property

 


AND HERE'S YOUR MONDAY MORNING COFFEE!!

Displaying blog entries 1-10 of 508

Syndication

Categories

Archives

Contact Information

Photo of Galand Haas Team  Real Estate
Galand Haas Team
Keller Williams Realty Eugene and Springfield
2644 Suzanne Way
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411

Share This Page

Find Your Next Home

Homes for sale in the Eugene area are only a click away!