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This Month in Eugene and Springfield Real Estate May 2016

by Galand Haas

Good Monday Morning!

Both locally and nationally, the housing market continues to improve.  Home sales continue to increase and home values are on the rise as well.  Most of this demand is being fueled by mortgage interest rates that are at historic low levels.  Home affordability is what dictates market activity and when home prices dropped significantly during the Great Recession, they met up with extremely low mortgage interest rates.  As the economy began to recover, the housing market has led the way due to lower home values and low financing costs.  The result of the robust housing market is now driving home prices upwards and as home prices increase, affordability diminishes.  This is why for both home buyers and home sellers you want to take advatage of this current market.  In the near future, mortgage rates are going to increase and this is going meet with higher home prices, which will effect home affordability even more.  The result of this will of course will be less demand and we start the cycle all over again. At this time though, buyers should enjoy great mortgage interest rates and take advantage of them.  Sellers should enjoy a market that has strong demand and increased home prices.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

3759 Westleigh St
Price: $185,000 Beds: 4 Baths: 2 Sq Ft: 1645
Great tandem townhouse! Terrific investment opportunity. Tandem property with garage and yard. Four bedrooms and two bathrooms, potential for two masters (one on main level). Large kitchen, window shelves and vaulted ceilings. Laundry hookup inside....View home for sale>>

 

AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-May-2016

Homeowners Act Now & Take Advantage of This Market

by Galand Haas

Good Monday Morning!

At a recent Real Estate conference that I attended in Seattle, I was talking with some top agents and we were discussing the current national Real Estate market.  It seems that just about every Real Estate market in the country is currently somewhat similar to the one we are experiencing in Eugene and Springfield.  There is a low inventory of homes for sale and high demand. Many of us have been in the business for quite a few years and we all agreed that none of use have experienced a housing market like the one we have today.  We also all agreed that this current market will be short lived.

The reason that I bring this up is that we may not see a market where homesellers have the kind of edge that they have right now for many years.  We may never see this kind of market  again in our life times.  We have jumped out of the recessed housing market and for the most part home values are at or near pre-recession values in Eugene and Springfield.  With high buyer demand, I am seeing many homes sell in a matter of days at or above full price.  When multiple ofers become the rule and not the exception, you know that we have an extremely strong sellers market right now.

If you are thinking about selling your home in the near future, my advice is act quickly.  Take advantage of this market, because it won't be here for long.  Right now is your opportunity to cash in at top market value.  When this market does change it will most likely come without warning.  The inventory of homes for sale will gradually build as buyer demand begins to fade.  With less demand and more homes on the market, prices will soften and then begin a slow decline.  The timing for this is anyones guess, but it is on the horizon.

If you would like to talk about selling your home in this market, call me and I can give you information on your homes current value and go over the many options that you might have.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

3757 Westleigh St

Price: $185,000    Beds: 4    Baths: 2    Sq Ft: 1645

Great townhouse! Townhouse with garage and yard. Four bedrooms and 2 bathrooms. Large kitchen, window shelves and seating. Fenced patio. Located one block from shops, school, park....
View Home for Sale >>


AND HERE'S YOUR MONDAY MORNING COFFEE!!

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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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