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U.S. Homes Sales Decline 27% in July!

by Galand Haas

Our weather has certainly made a sudden change.  Not to say that a little rain is not a welcome site, it is hard to have the sun leave us even if it is just for a few days.

With sharp drops in sales of existing and new homes being broadcast in the newspaper and leading the nightly newscasts, it's it’s hard to keep a positive perspective about the housing market.

A surprising 27 percent decline in resales from June to July, and a 12 percent drop in sales of newly-built houses during the same period have done very little to build consumer confidence in the market.

Even with this news there are some positive things starting to happen in the national housing market. Housing affordability is at or near an all time high.  This has been created by the lower home prices and mortgage interest rates for thirty year fixed mortgages in the mid 4% range.  Right now 72 .3 percent of median-income American families can now afford to buy the median-priced house. Historically that number has stayed in the low 60 percent range, and sometimes slipped below 50 percent.  But the problem remains that even with the affordability factor being so great, consumers are holding back.  The overall lack of confidence is the reason and the employment figures just fuel the lack of confidence.  Look for a sharp rebound in the market when employment numbers begin increase and buyer confidence returns. 

We were all warned that there would be a sharp drop off in home sales following the tax credit.  We are witnessing what was predicted.  The good news is that the lull could be short lived.

Have an Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3.00 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620

Good Monday Morning!

The statistics are here for the July 2010 Eugene and Springfield area Real Estate market and as expected our local market took a sharp down turn.  Closed sales were down by 33.7% from July of 2009 and were also down by 34.3% from June of this year.  Pending sales were down by 17.4% from last year and new listings were up 8.1% from last year.  There was 11.9 months of active inventory for July of this year, which is up considerably from July of 2009 when it was 6.2% and from June of this year when it was 7.2%. The average home price fell slightly and stands at $225,000.

These numbers are not surprising due to the fact that the buyer tax credit sucked home buyers out of the future and left a vacuum of buyers after it ended.  The fact is that with mortgage interest rates at historic lows and with lower homes prices and higher inventory those who bought during the tax credit most likely would have been better served to have waited and purchased now.  Of course, if interest rates hold steady and home prices continue to fall, there will be even better purchase opportunities in the months ahead.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3.00 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620

80% of U.S. Home Buyers Searched For New Home Online

by Galand Haas

Hot weather has returned to the Eugene and Springfield area.  Hold on it could get near 100 degrees today.  Stay cool and enjoy!

It is true, over 80% of home buyers in the country began their home home search online last year.  This is a significant number and yet the majority of the Real Estate agents continue to market homes with traditional methods that do not tap into this huge pool of prospective home buyers.  Today's technology allows agents easy access to the internet, yet few have learned the secrets that will truly give them access to the home buying public.  As I look around the Eugene and Springfield market area I see very few agents marketing homes in any other way than the same methods that were employed a decade or more ago.  The fact is that the purchasing habits of the consumer have changed and yet the industry that feeds potential home buyers their information lags painfully behind.  This trend is certainly not going to change in the future.  In fact new technology with video, etc. is going to attract even more potential home buyers to the internet for their home search.

My suggestion here is that if you are going to be selling a home, do your research.  Find an agent who understands internet marketing and has taken the time to build the systems that will truly put your home in front of millions of potential buyers on the internet.  Don't be fooled by the fact that some agents will try to convince you that traditional home marketing methods still work.  The true fact is that the agent who can serve you best most likely is no longer using traditional marketing methods. The numbers tell the story.  With 80%+ of all home buyers finding homes on the internet, if you want to sell in this market you need an expert who knows precisely how to tap into this growing buyer pool.

THIS WEEKS HOT HOME LISTING

Image Unavailable
1142 56th Street
Price: $155,000 Beds: 3.00 Baths: 1 Sq Ft: 1116
Very cute home with lots of updates including newer vinyl windows, newer oven with built-in microwave and newer counters. Inside also features a large living room, a space-efficient kitchen and well-separated family room with fireplace. All bedrooms...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620

Weekly Bank Owned Home List For Eugene and Springfield 8/9/10

by Galand Haas

Here is your weekly list of Foreclosed homes for the Eugene/Springfield and surrounding areas.  If you would like further information on any one of these homes or wish to view any of these homes, please contact me.

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480

Number of Americans With Negative Equity Drops!

by Galand Haas

A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com said on Monday.

Fewer homeowners with so-called underwater mortgages, where the amount owed on the mortgage exceeds the home's value, is nevertheless a positive for the housing market as it could portend fewer defaults and foreclosures down the road.

The percentage of American single-family homes with mortgages in negative equity fell to 21.5 percent in the second quarter from 23.3 percent in the first quarter and 23 percent a year ago, according to the Zillow Real Estate Market Reports.

These underwater mortgages are one of the biggest banes of homeowners since negative quity makes many of them unqualified for home loan refinancing and prevents some from selling.

It is too soon to say for sure, but this could be the first indication that the national home foreclosure rate is going to start slowing down.  Another quarter of improvement will give us a better indication if this is an actual trend.

Have An Awesome Week!

 

Image Unavailable
3511 RIVER POINTE DR
Price: $499,000 Beds: 4.00 Baths: 3 Sq Ft: 3726
Large, goregous home with lots of room & lots of options set in a quiet neighborhood. Featuring a spacious living room, wonderful formal dining rm with French doors that open to patio, large kitchen with island, pantry, breakfast bar & nook. Open fa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620

National Real Estate Experts Say Bottom is a Long Ways Away!

by Galand Haas

Good Monday Morning!

After a week at a national Real Estate conference in Nashville, it's great to be back in Eugene. Just visit that part of the country this time of year and it really makes you appreciate Eugene and Springfield.

The overall opinion of the national Real Estate experts at this conference was that we are not even near bottom yet as far as home prices are concerned.  Depending on where you are in the country, there could be 18 months to 3 years of decline yet to come.  I would think that in our local market area we may fall somewhere in the middle of all of that decline.  Needles to say though, another 10% to 15% decline in home prices in our market area is not out of the question. With that said, a healthy Real Estate market increases at a rate of 1% to 3% per year.  Don't be shocked if it takes another 5-8 years for our home prices to rebound to where we are today.

This is why I get so upset when I watch fellow Real Estate agents over price homes in this market. It's not hard to understand that every day a home sits on the market for sale right now, it's value declines.  By hitting the price to high, sellers lose value as their home sits on the market without selling.  When they adjust the price down the road, it is often not enough and it is always to a point that is lower than if they would have received good honest advice in the first place and priced their home with the market.  My caution here is that if you are going to sell a home in this market, do your home work and be cautious about the information you receive from your Real Estate agent.  Always make sure that you pick an agent that has a good track record during this current market.  If you have an agent tell you what you want to hear in regards to price and you follow this advice without research, you just might cost yourself many thousands of dollars.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING! 

 

 

Image Unavailable
3114 Riverbend Avenue
Price: $334,000 Beds: 4.00 Baths: 2 Sq Ft: 2160
Beautiful, custom-built home w/ fantastic floor plan in quiet neighborhood. Featuring a vaulted living room w/ fireplace, open light & bright kitchen & dining area, huge, main-level master w/ bath w/ jet tub & WI closet & patio access, plus a large ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620

Foreclosed Home List for Eugene and Springfield 7/30/10

by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned properties listed for sale in the Eugene and Springfield market area.  If you should see any homes that you would like further information on or that you would like to view, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480

Foreclosed Home List Eugene and Springfield for 7/21/10

by Galand Haas

Here is this weeks list of Foreclosed and Bank Owned homes listed for sale in the Eugene and Springfield market area.  If you should want further information on any one of these homes or wish to view any of these homes, please contact me.  If you would like to receive complete information as new homes hit the market that meet your search criteria, log onto www.forhomeinfo.com.  This service will inform you even before the agents receive the information.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480

Weekly Eugene and Springfield Foreclosed Home list for 8/30/10

by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned homes listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or wish to view a home, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list. 

Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480

Foreclosed Home List For Eugene and Springfield 8/19/10

by Galand Haas

Here is your weekly list of Bank Owned and Foreclosed homes listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or would like to view any of these homes, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list. 

Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480

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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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