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What Does Brexit Mean for the U.S. Housing Market?

by Galand Haas

Good Morning!

Over the last few days I have been asked frequently about what effect the economic situation in Europe is going to have on the U.S. housing market.  The gut reaction of the UK leaving the EU is that the stock market here in the U.S. has responded negatively.  This in turn puts pressure on the Fed to continue the current pattern of holding low interest rates and to put any near future rate increases on the back burner.  We may see some immediate reductions in mortgage interest rates as a result, but the sure thing for now is that mortgage rates most likley will not change much until the dust settles in Europe and the economy picks up some momentum here at home.  If other European countries follow the UK, then it could all change.  The reality is that we still have a a economy here at home and with worldwide economic turmoil, mortgage rates may remain low longer than anyone anticipated.

Have An Awesome Week!


1615 Taney St

Price: $299,000    Beds: 4    Baths: 2    ス Baths: 1    Sq Ft: 1913

Brand new home! Great quality construction with plaster finished walls, maple hardwood & porcelain tile floor, hickory cabinets, granite counters, 9 ft ceiling, LED dimming lights, 3 skylights one of which opens. Great room layout with gas fireplace...View Home for Sale >>


Good Monday Morning!

Today while the inventory of homes is low, I see buyers panic buying at times.  This does not always lead to the buyer getting the best house or even a house that will meet their needs.  If you are in the market for a home, take your time.  This might mean missing out on a few homes, but in the long run your patience will pay off.  Also, know what you are lookng for and think the process out.  Here is a checklist of things to think about when choosing a home.

If you're in the process of buying a house or are getting ready to, you may be overwhelmed by all the possibilities - and all the details. It can be easy to lose sight of some of the things that are important to you when you're seduced by pretty countertops or kids playing out on the street. Making a checklist of those must-haves will help keep you on track.

Is the bedroom count and general floorplan workable? You may be tempted by a house that's nicely staged and has that elegant-yet-warm feel you want. But look beyond the furnishings to make sure what you need is what the house has.

Is there a place for your dogs to hang out? And is there a place for the dog bowls to go? This only seems like a little thing until you're moved in and are constantly tripping over their food. When the dogs are part of your life, you'll want the house to accommodate them, and you.

Is there a place for your kitchen garbage can? See above. This "little thing" will drive you crazy. Is it enough to keep you out of the home? Probably not, but it's worth noting for situations where you can't decide between a couple of homes. It might be the little things that make the difference.

What direction does the house face? Facing west is great when it means you get to watch the sunset every day. It's not so great when it means your electric bill costs as much as your mortgage from May to September because your air conditioning is running 24–7.

Where are the structural walls? If you're planning an extensive renovation, it might be a good idea to bring in an engineer to make sure the walls you want to remove won't bring the house down.

Is there enough pantry space? A poor kitchen layout, and one that isn't easily remedied by a renovation, is a deal killer for many people.

What shape is the floor in? Look carefully. Replacing floors can be a big and expensive undertaking. Even if you have an inspection and the floors are in decent condition, they may not match your style. It'll be up to you to decide if you can live with them.

Where's the nearest Target? If location is important to you and the house you're looking at is over the mountain and through the woods, think hard about what you're willing to compromise. It might be that you start to hate being so far removed from amenities once the shine of a new house has worn off.

Where is the nearest Starbucks? Not a coffee drinker? Doesn't matter. The "Starbucks Effect" means higher home appreciation if you live within proximity.

Is there an HOA? This is important to know if you're looking to paint your home purple and display your collection of flamingos on the lawn.

How are the schools? Even if you don't have kids and never plan to, a good school district is important to home values. Pay special attention to the possibility of being rezoned. This happens quite often in growing areas, and, while you won't always know what's going to happen in the future, impacted schools and districts and chatter about coming changes might give you reason to pause.

What are the acoustics like? If there's a ridiculous echo coming from the upstairs bonus room, think about what that's going to sound like with two young kids playing.

Is the wiring what you need? If you need your home to accommodate all the latest technology, you may have some extensive rewiring to do. Checking it out before you buy will help you feel confident you can achieve your goals.

How's the yard space? Too little, or too much, space can make the day-to-day living less than ideal.

What's the neighborhood makeup? Seeing a lot of young couples on the street? Or maybe it's mainly older couples you're seeing. Spending a little time in your neighborhood you're considering can tell you a lot about who your neighbors could be, and whether you'll fit in.

Are there sex offenders nearby? Unfortunately, checking to make sure the people around you are decent is a reality today. Family Watchdog allows you to enter an address and see if there are any sex offenders in the area.

Did you schedule an inspection? You may be tempted to buy a home as is, especially in a hot market, but if you forgo an inspection, you'll be on the hook for any issues that arise with the home down the line.

Have An Awesome Week!


1471 Barrington Ave

Price: $575,000    Beds: 5    Baths: 3    Sq Ft: 3756

Luxurious and grand! Great room with surround sound speakers, Brazilain cherry hardwood floor & gas fireplace. Huge theater/bonus room prewired for surround sound. Open kitchen with cherry stained cabinets, island, LED under & above cabinets & toe k...
View Home for Sale >>


This Month in Real Estate June 2016

by Galand Haas

Good Monday Morning!

The good times just keep rolling!  Yes, the home sales market in the Eugene and Springfield area remains hot and at this point in time there is no sign of change.  For those of us who have been involved in the Real Estate world for a number of years, we know that change is on the way.  We just don't know when.  As I told a client last week, in the Eugene and Springfield area you can go to bed one night and the market is hot and wake up the next morning to a cold market.  It sometimes is like somebody just turned off the switch.  This is why I am still advising anyone who is considering the sale of their home to do it now and don't wait until we hit a downturn.  The inventory of homes remains low and there are plenty of buyers out there looking and ready to buy.

Have An Awesome Week!

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2484 Crowther Drive

Price: $310,000    Beds: 3    Baths: 2    Partial Baths: 1    Sq Ft: 1911

This Heitman Custom Home has been beautifully maintained and offers wonderful amenities and details. Some of the features include crown molding, tray and vaulted ceilings, wainscoting, custom cabinets, hardwood and tile floors, granite and abundant ...
View Home for Sale >>


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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

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