Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Housing Market Update

by Galand Haas

Good Monday Morning!

January saw the housing market improve from a year ago in the Eugene and Springfield area by over 30%.  Nationally, we have watched as 3 out of the last 4 months have seen improvements in home sales.  Nationally, the numbers were up by 4.3% in January.  This is good news because typically home sales and improved construction of new homes will lead the way for any kind of economic recovery.  It is an interesting cycle because an improving economy fuels home sales and home sales fuel economic recovery. If we can see 3 to 4 more months of steady recovery in our local area it will be a great indication that employment numbers, etc. will start to improve soon.  I will keep you updated on what the local housing market is doing.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2491 Blackburn St
Price: $259,000 Beds: 4 Baths: 3 Sq Ft: 2338
Spacious home with great updates! Great separation of space throughout. Kitchen and baths updated with granite counters and tile floors. Kitchen also features oak cabinets, eating bar, and pantry. Large master suite with in-room vanity and walk-in c...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Statistics for January Home Sales

by Galand Haas

Good Monday Morning!

The statistics are in for January home sales in the Eugene and Springfield area.  January was an improved month for home sales if you compare it to January of 2011.  Just remember that January of 2011 was one of the worst months for home sales in recent years. Closed sales were up by 28.6% over January of 2011 and pending home sales were up by 12.2% comparing the same time periods. The interesting thing is that home sales were down by 13.9% in January 2012 compared to December of 2011.  January saw 198 homes sales and December had 230.  Pending sales actually increased in January 2012 over December of 2011, which is a good sign.  January had 249 pending sales compared to 228 in December.  There is currently 7.8 months of active home inventory and this is considerably less than the 12.4 months of inventory we had in January of 2011.  However, the 7.8 month of inventory in January is up from the 6.4 months of inventory we had in December of 2011.

All of this is good news because the market seems to be stabilizing somewhat at this time and not continuiing in free fall mode.  Time will tell as to where the market is actually heading.  I would say that the current market is very fragile and any bad economic news or mortgage interest rate increases could send it tumbling.  For now though there is a bit of hope that we are on the road to recovery.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
4450 S. Shasta Loop
Price: $650,000 Beds: 3 Baths: 3 ∏ Baths: 1 Sq Ft: 3874
Stunning ICF-constructed, custom home! Enjoy media, family room, guest room and spa room! Great separation of space, skylights, fireplace, large kitchen with 2 sinks, pantry, lots of storage, and nook. Two bedrooms with in-room vanities. Master suit...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Things to consider before buying a home

by Galand Haas

Good Monday Morning!

The dream of homeownership is still at the top of the list for many.  Today's lower housing prices and low mortgage interest rates have certainly made this dream a reality for many.  If you are considering a home purchase either now or in the near furture it should be a great investment for you over time.  Part of the consideration process for a home purchase is making a budget.  Along with your home payment, here are just a few additional things that you might want to consider when making that budget.

1. Property Taxes:  In Oregon property taxes vary considerably.  Depending upon whether you purchase in Eugene or Springfield or different parts of either town, your property taxes may vary a great deal.  If you are purchasing a rural property they will be much less than a property in town. You will want to get an idea of what your property tax amount might be and add this to your monthly payment expense.

2. PMI or mortgage insurance.  If your down payment is less than 20%, you will be paying for morgage insurance.  You can get an idea of this cost by consulting your mortgage professional. You will also want to add this to your monthly housing costs.

3. HOA Fees.  Many neighborhoods have associations and many have monthly or yearly fees involved.  You will want to determine if the home you are thinking of purchasing is in an HOA and then determine what fees if any are involved.  This also may add to your monthly housing expense.

4. Homeowners Insurance.  You will also need to have a homeowners insurance policy on your home.  The rates for homeowners policies will vary because of location, home value and of course add ons such as earthquake or flood insurance.  You will want to get an good idea from your insurance agent on these costs and add this to your monthly housing expense also.

5. Utilities. Utilities, which include water, sewer, electric, gas, etc. can also vary significantly from area to area depending upon the utility company that services each specific neighborhood.  The costs can also vary a great deal from home to home depending upon age of the home, heating source and of course size of the home.  You can get estimates on costs from your local utility companies.

6. Appraisal and other closing costs.  Your home mortgage professional can give you a good idea on what these costs might be.  These costs are up front costs that you will be required to pay upon closing your home purchase transaction.  Also, ask your mortgage professional or your Real Estate agent about how you might get your seller to cover some of these costs.  It is important to know these fees so that there are no surprises at the closing table.

If you are interested in purchasing a home and would like professional help with determining these costs and also looking at just how much home you can purchase in this market, please call us. We help hundreds of buyers each year set a budget as part of the home purchase process.

Have An Awesome Week!

 
 
 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Real Estate in Eugene/Springfield

by Galand Haas
VideoVideo

Good Monday Morning!

The sunshine has certainly been welcome here in the Eugene and Springfield area.  It looks like a full week of it ahead.  Enjoy!

A very low inventory of homes for sale in our area continues to make it tough for buyers.  This is especially true in the first time buyer price ranges of $175,000 and below.  This could continue to be the situation for the months ahead.  If this condition continues it could cause the end of the buyers market and slowly shift our market in favor of sellers. For first time home buyers this could make it much harder to purchase a home down the road.  We will keep you updated as this unfolds.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-February-2012

Image Unavailable
202 Foxtail
Price: $175,000 Beds: 2 Baths: 2 Partial Baths: 1 Sq Ft: 1744
Very classy condo in wonderful natural setting with a great 2-level floor plan. Offering a spacious living rm, open dining area, well-designed kitchen & cozy family rm with access to a deck. The upstairs master features a lovely vanity, private bath...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Displaying blog entries 1-4 of 4

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!