Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Monday Morning Coffee

by Galand Haas

Good Monday Morning!

Homes sales nationally were up last month by well over 2%.  The price of homes also saw an increase of over 2% nationally.  This trend follows what we are experiencing here in the Eugene and Springfield market area as well.  The hope is that this trend will continue long term both nationally and locally.  All of this comes with a word of caution.  The housing market recovery is extremely fragile right now and anything to do with the national or local economy that is negative could have a quick and sudden impact. This would include a potential rise in mortgage interest rates.  Many economists warn that the recovery is hanging on by a thread and that at this point it could go either way in the months ahead.  Housing is the leading indicator of an economy that is starting to recover, so the direction housing goes may very well be the direction our nationla and local economies go as well.  For now though, enjoy the fact that mortgage interest rates are remaining at historic low levels and that the price of homes are also very attractive.  If you are sitting on the fence trying to make the decision as to whether to jump in as a home buyer or not, this may be your best opportunity to get a great deal on your home purchase.

If you are entering into the home market as a buyer you should check out the web site www.forhomeinfo.com.  At this web site you can enter in your home search criteria and it will instantly bring up any homes that match your search.  The great thing is that you can also set it to send you new listings that meet your search instantly by e-mail as those homes hit the market.  It is the slickest home search tool out there.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
5469 Jeffrey Way
Price: $195,000 Beds: 4 Baths: 3 Sq Ft: 1972
Great home in nice neighborhood. Features high ceilings, archways, recessed lighting, great separation of space, and lots of storage. Fireplace in family room, dining area with slider to backyard, and kitchen with island. Master suite with double si...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

July 2012 - Numbers are in!

by Galand Haas

Good Monday Morning!

The statistics are in for what took place with the housing market during July of 2012 here in the Eugene and Springfield area. The numbers show that July was another improved month for home sales and that we are now in a several month trend for improved home sales numbers.  The one part of the market that has not shown improvement is home values.

New listings were up in July by 5.3% over July of 2011 and 4.7% over June of this year. Pending sales also saw an increase and were up by a whopping 20.9% over July of last year and up 4% from June of this year. Closed sales were much stronger as they saw a 24.1% increase over July of 2011 and an 18.5% increase over June of 2012. Inventory improved as well with 5.9 months of active inventory.  This is compared to 8.6 months in July of 2011 and 6.7 months in June of 2012. There were 1,839 active listings in July of 2012. The average time it took a home to sell in July of this year was 100 days. This compares to 135 days in June and 130 days year to date. The average sales price was steady at $206,200.  In July of 2011 the average sales price was $226,200.

This is good news for a market that has been sliding.  Hopefully this trend continues into the Fall months.  The Fall of 2011 and 2010 saw a very slow market.  The next 3 to 4 months will give a good indiction as to whether we are beginning the climb out of our depressed housing market in the Eugene and Springfield area.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
7925 South C St.
Price: $250,000 Beds: 3 Baths: 2 ∏ Baths: 1 Sq Ft: 1920
Serene country living close-in! Set high upon the hill, this cozy home has wonderful views of the mountains, trees and valley! The living room features a two-sided fireplace and vaulted ceiling with exposed wooden beams, plus large windows for lots ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Why consider a Short Sale?

by Galand Haas

Good Monday Morning!

It looks as if the hot weather has finally come to the Eugene and Springfield area and it is going to be here for a bit!  We are lucky to live in an area where we can stay cool with all of our gorgeous rivers and lakes.

Short sale homes continue to be a large part of the Eugene and Springfield housing inventory.  The number of home owners facing foreclosure or who are just having trouble making their house payment still seems to be growing.  Short sales with the bank offer a good alternative to foreclosure for many home owners.

For buyers, short sale purchases can sometimes offer an opportunity to purchase a home for what might be under market value.  If you are considering a home purchase and want to include short sale home listings into the homes that you look at then you must be aware that the purchase proces for a short sale may not be easy.  First of all the process may be lengthy.  It is not unusual for a short sale to take 3 to 4 months.  Patience is the key here and many buyers back out of the sale because of frustration well before the short sale has even been approved.  If you don't have the time to wait and you aren't going to be patient about waiting, then don't look at short sale properties.  With short sales you also have to remember that you are negotiating with the home owners bank.  There is no guarantee that your offer will be accepted by the bank, even after the long wait.  It is a gamble for sure.  

One of the key elements to purchasing a short sale is to make sure that you are being represented by a Real Estate agent who knows the ins and outs of short sales.  If your agent is not a short sale veteran it may be a frustrating experience for you.  One of the largest problems is that many times the listing agent is also not well versed in dealing with short sales.  Having agents on both sides who are not short sale experts may be an impossible situation.  Make sure that if you are looking at short sales with an agent that you ask them if they have experience and then check with references of other short sale buyers who they have assisted.  

If you would like to explore the purchase of short sale homes, please contact us.  We are experts at helping both short sale sellers and buyers.  We have helped hundreds of local sellers and buyers go through the short sale process.  

THIS WEEKS HOT HOME LISTING!

Image Unavailable
40405 Mohawk River Rd
Price: $239,000 Beds: 4 Baths: 2 Sq Ft: 1504
Secluded light & bright home! The 5 acres of property features a creek, large RV/carport, outbuilding and great view of the trees. Home has nice updates. Large living room with nice wood floors, dining area with large window, well-sized kitchen, and...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Mortgage interest rates continue to fall

by Galand Haas
VideoVideo

Good Monday Morning!

With Mortgage interest rates continuing to fall into unchartered territory the climate for purchasing a home could not be better.  Low interest rates in combination with the decline in home values here in the Eugene and Springfield area have created an excellent buyers market.  

If you are considering the purchase of a home the first step is to become pre-approved by a mortgage lender.  By doing this you will not only determine how much home you can afford, but you will also determine your costs for purchase and know what your payments will be.  

It is also extremely important to meet with a professional lender who knows the Real Estate market and can help you determine the loan program that works best for you.  There are a number of very good mertgage lenders in our market area.  Please contact me if you would like to recieve a list of local professional mortgage lenders with very competitive rate.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-August-2012



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives

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

Share This Page

Find Your Next Home

Homes for sale in the Eugene area are only a click away!