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What the numbers mean for the housing industry.

by Galand Haas

Good Monday Morning!

The most recent report from the National Association of Realtors shows that the national median existing home price for the month of June increased 13.5% from June of 2012. This also was the 16th straight month of year-over-year price increases. At the end of June, total housing inventory also rose 1.9% and represents a 5.2 month supply which is still 7.6% lower than a year ago. Home mortgage rates are once again stable after Federal Reserve Chairman Ben Bernanke testified at the House Financial Services hearing last week. With unemployment still high, he stated that monetary policy will remain "highly accommodative". This means no changes in the near future.  This is great news for housing industry that remains on the edge.  A tick up with interest rates could send housing into another slump.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2750 Grand Cayman Dr
Price: $450,000 Beds: 3 Baths: 2 ½ Baths: 1 Sq Ft: 3068
Gorgeous Home with Lots of Options! High ceilings, recessed lighting, lots of storage throughout, bonus room, office, library, formal dining room, plus well-sized laundry/mud room. Great room with living room, fireplace, built-ins, kitchen with larg...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

by Galand Haas

Good Monday Morning!

Concerned over the current spike in mortgage interest rates, Federal Chairman Bernanke spoke last week in an effort to calm markets. He stated that while the unemployment rate is a key indication of future Fed monetary policy, it may underestimate and not reflect the actual state of the labor market which may be weaker. He also stated that 'higher accommodative monetary policy for the foreseeable future is what is needed in the U.S. economy'. Volatility eased and mortgage rates settled down after Bernanke's comments.  it is evident that when Bernanke speaks it has an impact on rates, not matter what he says.  At this time there has not been any action by the Fed.  The fact is that action by the Fed to reduce bond purchases is on the horizon and this will have a long term effect of mortgage interest rates.

My suggestion is that if you are considerign a home purchase, don't wait.  We know that rates are going to tick up.  When and by how much is the mystery.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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920 Summit Blvd
Price: $310,000 Beds: 3 Baths: 3 Sq Ft: 2850
Hilltop Haven with Impressive Views! Perfect for entertaining with valley & mountain views, 4 decks, 3 sliders, hot tub, wet bar with sink and eating bar, and great room with fireplace! Large viewing window in living room, kitchen with large eating ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Numbers are in: June 2013

by Galand Haas

Good Monday Morning!

The number are in for Real Estate activity in the Eugene and Springfield area for the month of June 2013.  Closed sales increased this month to 375 over the 357 in May. In fact, it was the best June for closed sales since 2007, which boasted 454 closed sales.

New listings numbered 602 in June—a decrease of 6.4% from May’s 643, but a 21.9% increase over the 494 listings posted in June 2012. Similarly, pending sales (353) decreased by 18.9% from May, but are still up 0.6% compared to last June’s accepted offers.

Average total market time increased slightly this month to 102 days, and inventory increased just slightly to 4.3 months.

Year to Date Summary

The 3,120 new listings represent a 14.7% increase over the 2,720 entered

in the first half of 2012. There have been 2,060 pending and 1,776 closed sales through June 2013, up 18.6% and 21.9%, respectively, from 1,737 pendings and 1,457 closed sales by June 2012.

Average and Median Sale Prices

The average price through June is $223,700, up 14.8% from this time in 2012, when the average was $194,800. In the same comparison, the median price increased 16.2% from $170,000 last year to $197,500 this year. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2750 Grand Cayman Dr
Price: $460,000 Beds: 3 Baths: 2 ½ Baths: 1 Sq Ft: 3068
Gorgeous Home with Lots of Options! High ceilings, recessed lighting, lots of storage throughout, bonus room, office, library, formal dining room, plus well-sized laundry/mud room. Great room with living room, fireplace, built-ins, kitchen with larg...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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by Galand Haas
VideoVideo

Good Monday Morning!

One of the most important things to consider when purchasing a home is to have the home you are purchasing inspected by a prefessional home inspector.  I always suggest both a pest and dry rot inpsection and a whole home inspection.  The pest and dry rot inspector will look for any areas of dry rot, water damage and pest infestation or damage. The whole home inspector will inspect all systems in the home including electrical, plumbing, roofing, heating and cooling, etc.  If the property you are purchasing is rural, then you will also want to have a well inspection and a septic inspection.  By having these inspections completed prior to purchase you will be able to identify any existing or potential problems and make sure that you are not purchasing a home that has serious issues.  I would also highly advise you to be with the inspector as they go through the home.  This way any problems can be clearly looked at by you. A few dollars invested up from can save you from potential major problems down the road.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-July-2013

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1280 Rose St
Price: $278,400 Beds: 5 Baths: 3 Sq Ft: 2374
Beautifully Remodeled and Updated! Kitchen fully remodeled with 20ft of granite counter space, master bath completely remodeled, high-end laminate flooring in every room. Mini-master suite with family room accessibility. Living room with vaulted cei...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Good Monday Morning!

Even in the improved Real Estate market that we are experiencing in the Eugene and Springfield area, the condition of a home has a direct effect on the price it sells for and how quickly it sells.  Homes that are price competitively and the owners have invested time and money into maintaining the homes are hot commodities for the most part right now.  If you are thinking about selling your home it is a good plan to go through the interior and de-clutter.  This means removing anything from each room in your home that is not essential. Removing furniture that is excessive or makes the room feel small is essential. A potential buyer will be much more attracted to your home if it is not filled to the max with furniture and personal belongings.  Touch up the paint or paint rooms that are drab or have not been painted in a while.  Touch up trim and baseboard paint and replace old fixtures with updated ones.  Clean your hardwood floors, carpets and windows.  A few weekends devoted to this will pay off in the long run.  Also, remember the outisde of your home.  Power wash walks, driveways and patios and paint or touch up the paint of your homes exterior.  Trim bushes and shrubs, spread bark dust or ground cover on all plant beds and make sure that your lawn is mowed and green.  The way your home looks from the outside will have a direct effect on how many people want to look inside.

Last but not least, make sure that your home is priced right.  Even in this market I see over priced homes sit while the ones priced competitively sell quickly. Make sure that you have a current market analysis on your home and talk with a top agent about how to price correctly. If you take these steps your home will sell quickly and at top dollar value.

Have An Awesome Week! 

THIS WEEKS HOT HOME LISTING!

Image Unavailable
88604 Ermi Bee Rd
Price: $575,000 Beds: 4 Baths: 3 Sq Ft: 3376
Wonderful Wooded Retreat! Surrounded by nature, this secluded 5 acre property offers lots of space and options! Granite, tile, skylights, vaulted ceiling, 4 decks, 3 sliders, beautifully landscaped grounds with water feature and pond, walking trails...



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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