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Lane County Needs Listings

Monday, May 18, 2020
by Galand Haas

 

Good Monday Morning!

Nationally, home sales are similar to what we are currently seeing in Lane County. Home prices are up, demand is high and mortgage interest rates are extremely favorable. In Lane county, we are also seeing a low inventory of homes for sale. We are approaching prime time for home sales and the typical surge of homes hitting the market for sale is just not happening. My guess is that would be home sellers may be reluctant to put their homes on the market due to Covid19. This may be a huge mistake! I know that we have strong buyer demand for homes right now and homes are currently selling at top dollar prices. I am not sure as to what the future holds for our local housing market, but I doubt that we will see this favorable of a market for home sellers later this year. If you are considering a home sale, contact me. We can meet and I can give you an idea as to what your home is currently worth. We can also go through your home and give you ideas on what you can do to sell your home for top dollar. Don't hesitate if you are thinking about selling your home this year!!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-May-2020

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

93048 Templeton Rd, Cheshire, OR 

Price: $750,000    Beds: 4    Baths: 3    Sq Ft: 3035

Quiet And Private House on 20.59 secluded acres with gorgeous valley and mountain views. 15+ acres second growth Fir with significant market value and 2+ acres of pasture. Gorgeous custom interior with hardwood floors, vault ceilings, views. 4 bay s...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Home Sales Remain Strong

Monday, May 11, 2020
by Galand Haas

Good Monday Morning!

Even with the unemployment numbers soaring nationally due to Covid19, home sales remain strong.  This is evident by the surge in home mortgage loan applications.  In the Eugene and Springfield market area, home sales remain strong and the numbers of buyers looking for homes is very high.  The largest issue in our local area to date is the lack of inventory of homes for sale.  Here is an article from "Realtor.com", that describes the current situation.

A weekly gauge of home buyer interest ticked up for the third week in a row—a sign of “pent-up demand for home buying,” according to the organization that administers the survey.

The Mortgage Bankers Association’s Purchase Index, which measures the weekly volume of applications for loans to buy a home, rose 6% on a seasonally-adjusted basis and 7% on an unadjusted basis for the week ending May 1. In a news release, MBA chief economist Mike Fratantoni credited that week-over-week increase to “strong growth in Arizona, Texas and California,” which posted increases of 11%, 10.3% and 10.1%, respectively.

With state lockdowns only beginning to be eased, much is still unknown about how an economic recovery from the coronavirus crisis will take shape. But a third week-over-week increase in loan applications is a positive sign for the housing market. The survey is a regular pulse-check of buyer interest in residential real estate—and for much of March and April it was falling.

Home-purchase applications began dropping in mid-March as the virus—and the lockdown policies meant to hinder its spread—began sidelining much of the U.S. workforce and subduing consumer spending. The Mortgage Banker Association poll wasn’t the only one showing a dip in home buyer interest at the start of the housing market’s normally busy spring season. In a survey by the National Association of Realtors in early April, 90% of members said buyer interest had dropped, while Fannie Mae’s Home Purchase Sentiment Index, which measures Americans’ outlooks on job security and buying and selling homes, experienced its greatest month-over-month decline since the index began.

While the Mortgage Banker’s index has been reporting week-over-week increases since mid-April, purchase application volume is still lower than it was at the same time last year. Purchase activity is down 19% from a year earlier, Fratantoni noted, but “this annualized deficit has decreased as more states reopen amidst the apparent, pent-up demand for home buying,” he said in the release.

Of the three states with strong growth that Fratantoni cited, Texas’s loan-application volume is the closest to 2019 levels, falling only 4.2% below the same week last year.

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

855 Calvin St, Eugene, OR 

Price: $419,000    Beds: 3    Baths: 2    Sq Ft: 1400

Beautifully remodeled Ferry St Bridge home. Open living concept throughout, vaulted ceilings, quartz countertenors, new cabinets, new light fixture, & custom built entertainment center. Spacious master suite with master bath and walk in closet. Beau...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

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The Market May Be As Strong As This Time Last Year

Monday, May 4, 2020
by Galand Haas

Good Monday Morning!

For all of us, life has changed signicantly over the past two months.  Covid19 has altered the way we conduct our everyday lives and business's and the end of this interuption is not in sight.  In past messages, I have expressed the fact that even with the changes, people are actively selling and purchasing homes.  The sales numbers for the Eugene and Springfield area do not represent anything that even remotely appears to be a market crash.  In fact from what I am currently seeing the demand for homes to purchase may be as strong as it was for the same time period in 2019.

If you are considering selling your home this year and are worried that this is just not the right time to sell, the market that we are currently experiencing does not reflect this at all.  The largest isssue that we seem to have at this time is that we have more buyers than we have houses to sell them. This means that you can sell your home now for top market value and take advantage of this great sellers market!

Many Real Estate agents are choosing to not work during this crisis and are stating that the market is off.  As I stated above, this is not supported by what I am currently seeing statiscally or from my peronal experience.  Myself and my Team are at work every day!  We are busy listing homes and helping people purchase homes.  If you are wanting to sell a home or want to explore purchasing a home, please contact us.  This is a great market, so don't miss out!!

Have An Awesome Week!

Stay Safe, Stay Healthy!!

THIS WEEKS HOT HOME LISTING!

855 Calvin St, Eugene, OR 

Price: $419,000    Beds: 3    Baths: 2    Sq Ft: 1400

Beautifully remodeled Ferry St Bridge home. Open living concept throughout, vaulted ceilings, quartz countertenors, new cabinets, new light fixture, & custom built entertainment center. Spacious master suite with master bath and walk in closet. Beau...View this property >> 

AND HERE'S YOUR MONDAY MORNING COFFEE!!

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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