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Market Update - Foreclosed Homes

by Galand Haas

Good Monday Morning!

If you think that the number of foreclosed homes we are seeing is going away soon, think again.  The truth is that not only is there a shadow inventory of foreclosed homes that has not hit the market yet, but foreclosure rates remain fairly high both locally and nationally.  The one thing that might change soon is that we may be seeing a larger number of short sales than forclosures.  In March the number of short sales exceeded the number of foreclosures nationwide for the first time.  This is due to the fact that the banks are now much more eager to deal with a short sale that a foreclosure.  This is wise on the part of the banks and certainly better news for distressed home owners.

If you or anyone you know is having trouble making their house payment, facing foreclosure or just confused as to what their options might be.  Please, have them contact me. There are some great alternatives that distressed home owners should explore.  I deal with a large number of home owners who are having problems and I can give them some good advice that will help them make the best decision.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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3600 Wood Ave
Price: $182,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 1546
Great Home with Large Backyard! Spacious living room with fireplace, kitchen opens up to dining room, well-sized master with his-and-her closets, laundry room. Third bedroom being used as an office. Garage with built-in cabinets. Outside features co...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Housing Affordability Index (NAR) Says...

by Galand Haas

Good Monday Morning!

Wow!  What a weekend for the Eugene and Springfield area.  That was a welcome taste of Summer!

The housing affordability index as reported by NAR is currently at it's highest point since 1970 when records began.  This situation is the result of the long decline in home values nationally and the continuation of historic low mortgage interest rates.  The only thing holding back a huge surge in the national housing market is job creation.  In areas of the country where the jobless rate declines there may be a large increase in home sales.  NAR goes on to predict that the home affordability index will remain high for no less than most of 2012.  

This index indicates that right now is possibly the best time to purchase a home in the history of this country and that many great opportunities are still out there for home buyers.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3600 Wood Ave
Price: $182,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 1546
Great Home with Large Backyard! Spacious living room with fireplace, kitchen opens up to dining room, well-sized master with his-and-her closets, laundry room. Third bedroom being used as an office. Garage with built-in cabinets. Outside features co...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Market Update for April

by Galand Haas

Good Monday Morning!

It was a wonderful Western Oregon Spring weekend and it was well deserved.  

The statistics are in for the March 2012 Real Estate market in the Eugene and Springfield area.  March showed a continuation of an improving Real Estate market here.  New listings were dowm 16.1% from March of 2011, but were up 6% from February of 2012. Pending home sales were up 11.5% from March of last year and also up 7.1% from this February. Closed home sales were also up 9.3% from March of 2011 and were up a whopping 42.5% from February of 2012.  The inventory of homes listed for sale continues it's decline and now stands at 6.3 months.  This is much improved from the 8.6 months of inventory in March of 2011 and the 8.8 months of inventory in February of this year.  Remember that 6 months of inventory is the dividing point between a buyers and sellers market.

The majority of the sales activity was in the the $200,000 and below price range. Price ranges above this are still experiencing a pretty sluggish market.  

The average sales price has also gone up slightly and is now at $195,300 in comparison to $193,500 in March of 2011.

The next several months may be interesting as we expect to begin seeing a higher number of foreclosed homes hit the market as banks begin to dump their shadow inventory.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

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4125 Alder St
Price: $339,000 Beds: 3 Baths: 2 Sq Ft: 2627
Nestled in the Hills! Wonderful views of the trees. Light and bright, spacious living areas, well-sized bedrooms with large closets, master bath with two sinks, living room with slider to large 2 level deck, kitchen with eating area, dining room, 2 ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Real Estate Market is Heating Up

by Galand Haas
Good Monday Morning!

Both nationally and locally it looks like the Real Estate market is heating up. All of the fire however is in the price ranges that are either available to first time buyers or investors.  This is certainly the situation here in the Eugene and Springfield market area.  Homes under $150,000 that are in good areas and cash flow as rentals are moving quickly.  Multiple offers are even taking place on many of these homes, especially those under $100,000.  It is my observation that at this time, homes that fit into these categories are no longer subject to a buyers market. This fact is proven by the fact that inventories of homes in the under $125,000 price range are well under 6 months.  6 months of inventory is the division between a sellers and buyer market.  Over six months and it is a buyers market, under it is a sellers market.  Don't look for this trend to change at any time soon.  Investors who are late to jump in, just may have missed the best part this market.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTINGS!

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2848 Metolius Drive
Price: $299,900 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 2104
Fantastic home! Inside features open floor plan, vaulted ceiling living room with fireplace, large family room with slider to backyard, dining room with slider to deck, well-sized bedrooms, laundry, great updates throughout! Large master suite with ...
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704 Sprague St
Price: $290,000 Beds: 4 Baths: 2 Sq Ft: 1955
Light & Bright Charming Home! High ceilings in living and family room, large windows for lots of natural light, fireplace with marble surround, travertine stone floors, kitchen with granite counters and slate backsplash overlooking family room, dini...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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What to look for in a Buyers Agent

by Galand Haas
VideoVideo

Good Monday Morning!

Today more than ever it is very important to make sure that you are represented by a Buyers Agent when purchasing a home. The truth is that all agents are not created equal and you will want to make sure that you are represented by an agent who is a professional with a strong track record.  Your Buyers Agent needs to know the market that you are interested in very well.  They need to know both the available inventory of homes for sale and at what prices homes are selling at.  Your Buyers agent will also need to be knowledgeable about home financing options, have a list of reputable inspectors and repair professionals and be a strong and solid negotiator.  I strongly suggest that before you commit to working with a Real Estate agent that you meet them at their office and interview them.  Meeting them in their professional environement will tell you a great deal.  Don't be afraid to ask questions and also ask for a list of references.  Once you have selected an agent you will want to work solely with that one agent.  Most Buyers Agents will ask you to sign a Buyer Broker contract.  Choosing the right agent will insure that you purchase the right home at the right price and don't have problems along the way.

Have An Awesome Week!

 
 

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

Image Unavailable
2848 Metolius Drive
Price: $299,900 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2104
Fantastic home! Inside features open floor plan, vaulted ceiling living room with fireplace, large family room with slider to backyard, dining room with slider to deck, well-sized bedrooms, laundry, great updates throughout! Large master suite with ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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