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Things Never Stay The Same In The Real Estate World

by Galand Haas

Good Monday Morning!

Merry Christmas to all!  

One thing for sure is that events never sit still in the Real Estate world.  Over the past month, mortgage interest rates on both 30 year and 15 year financing have increased.  The increase has been about 1/2 of one percent.  Even with this, the rates are below where they were at this same time period last year and historically they remain extremely low.  With the increase though comes a potential slow down in home sales.  Increased rates mean that fewer people can qualify for financing and the higher rates also have a negative effect on consumer confidence.  The truth is that the higher rates will push home prices down even further and in most cases this will more than compensate for the slight increase in interest rates.  

Inflation or the fear of inflation may push rates even higher in the months ahead.  This would certainly have a negative effect on home sales and home inventories would build.  Pressure on home prices would be the immediate result.

If you are thinking of selling your home or have have a home on the market, your best bet is to cut to the chase and price your home to sell quickly before your homes value declines even further. Remember, that if you are buying on the other end of the transaction the home you are purchasing is going to have a lower value as well.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
29460 Awbrey Lane
Price: $258,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 1845
Seemingly ageless 1910 home that has been completely refurbished featuring an open floor plan w/ gorgeous wood floors, large modern kitchen, formal dining, family room & huge laundry/utility. Upstairs master along with guest beds. Outside offers spa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Housing Slump Could be Slowing!

by Galand Haas

Good Monday Morning!

It was quite a Civil War football game between the University of Oregon Ducks and the Oregon State Beavers.  The Ducks won this heated contest for the third year in a row and clinched their spot to play in in the National Championship game against Auburn University in Glendale Arizona on January 10.  Congratulations to the University of Oregon football team!

Recently several national indicators are showing that the decline in the housing industry nationally may be slowing.  Several companies that are industry watch dogs have indicated that the light at the end of the tunnel may be nearing.  What we will all need to do is to watch and see if these indicators remain positive and that a positive trend begins to develop.  Locally, the market continues to dip, but remember the Eugene and Springfield area was late to have the negative market take hold.  This could mean that we may stay in the down turn a bit longer than other parts of the country.  Any positive news is good news at this point and we can only hope that the first quarter of 2011 shows continued signs of growth in the housing market.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
29460 Awbrey Lane
Price: $258,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 1845
Seemingly ageless 1910 home that has been completely refurbished featuring an open floor plan w/ gorgeous wood floors, large modern kitchen, formal dining, family room & huge laundry/utility. Upstairs master along with guest beds. Outside offers spa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Displaying blog entries 1-2 of 2

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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

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