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Monday Morning Real Estate Update 8/11/08

by Galand Haas

Good Monday Morning!

The mortgage industry certainly seems to be over reacting to what they perceive as a crisis.  With Fannie Mae now announcing that they will have new and much stiffer qualification criteria for mortgage loans, the playing field gets even rougher.  Two years ago if a home buyer could fog a mirror they could obtain a mortgage loan.  Today, even those buyers with stellar credit and good income could potentially have a very hard time obtaining home financing.  This tightening of the belt could add even more stress to an already troubled national housing market. 

The good news is that savvy home buyers are finding ways to get mortgage loans.  The key today is to find a good Real Estate agent with connections to a top mortgage broker. This does not mean that it will be easy, but for many buyers it means that they can still buy in this current attractive home market.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 8/4/08

by Galand Haas

Galand Haas,

Good Monday Morning!

It looks like we are going to have some hot August weather for the week!  Enjoy it while it lasts.

The Real Estate market in the Eugene and Springfield area show a continual slowing for sales.  Pricing continues to decline and as I have been saying for months, this is the best market you are going to see if you are thinking about purchasing a home.  This is also an outstanding market for Real Estate investors.  With competitive property pricing, great mortgage interest rates and high rents, it's a good time to invest.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 7/28/08

by Galand Haas

Good Monday Morning!

I spent the last week at a national Real Estate convention.  The majority of the talk was involved in what is taking place with the Real Estate market.  I can tell you in confidence that after talking to other agents from almost every market in this country, the Eugene and Springfield area has has clearly maintained a much healthier market.  The one thing that I can see from this is that even though we saw home prices climb in our area, we did not see the kind of housing inflation that many parts of the country saw.  Our ride down may be much more gentle as a result.  Time will tell the story here. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 7/21/08

by Galand Haas

Galand Haas,

Good Monday Morning!

With banks such as Indi Mac failing, consumer confidence across the country is suffering.  Now the problem with the Real Estate market is as much of a confidence problem as it is a problem of real economic conditions.  This confidence problem has become evem more exaggerated with the recent rumblings that national Real Estate mortgage giants Fannie Mae and Freddie Mac are suffering from loan default problems as well. Within any economic cycle consumer confidence plays a huge role.  I would think that the trends that we see in our local market will follow the confidence level of consumers nationally.  So, watch closely what national economic experts predict , because that is most likely the path that our local market will follow during the months ahead.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 7/14/08

by Galand Haas

Good Monday Morning!

The heat has finally arrived here in the Eugene and Springfield area.  Temperatures in the 80's and 90's are predicted for the entire week.

The nation's mortgage woes continue to mount  as Freddie Mac and Fannie Mae stumble.  It looks as if the Fed's are going to revive them with some huge government loans.  This is a short term fix, so it may get interesting to see how the money markets and stock market respond.  With the Fed's money going to Freddie and Fannie, there should be some relief also to the money available for home financing.  Stay tuned for further developments here.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 7/7/08

by Galand Haas

Good Monday Morning!

The home sales statistics are in for May of 2008 and just as expected they clearly indicate a continued deterioration of our housing market here in the Eugene and Springfield area.

The average time that a home is on the market is at 83 days.  This compares to 71 days for May of 2008 and this number is actually slightly better than April.  New listing hitting the market decreased by 11.2%.  This indicates that fewer people are attempting to sell in this market and are holding off until there is some signs of improvement.  Closed sales dropped 36.1% from May of last year and pending sales declined by 32%.  There were 2,364 active listings and this was 8.6 months of home inventory.  This is compared to 4.5 months of active inventory in May of 2007 and just 2.8 months in May of 2006.

Even with these new numbers, Eugene and Springfield continue to enjoy a better housing market than the majority of the country.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Monday Morning Real Estate Update 6/30/08

by Galand Haas

Good Monday Morning!

What a gorgeous Summer weekend we had.  Mother Nature even decided to throw in some fireworks of her own.

Well, there are no significant changes in the Real Estate market here in the Eugene and Springfield area other than the fact that our inventory of homes has started to decline.  This situation is not taking place from an increase in homes sales, but is a result of fewer people making the decision to sell their homes at this time.  A lower inventory of homes for sale could start having an impact on the overall market if this trend continues. 

We have certainly found that the staging of homes we have for sale is having a significant impact on their time on the market.  We have several professional stagers that we work with and we are finding that by spending a little bit of money upfront with staging, we are receiving it back many times over on the sale of the home. This is one of the tactics that works in this market.

Have An Awesome Week and a Great Independence Day!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Neighborhood News 6/11/08

by Galand Haas

Lane County Real Estate

 

 RMLS April 2008 Reporting Period 

APRIL RESIDENTIAL HIGHLIGHTS

A comparison of April 2008 with that of 2007 shows that new listings decreased 11.7%. Closed sales were down 35.8%, while pending sales fell 34.2%. At the month’s rate of sales, the 2,252 active residential listings would last approximately 9.5 months.

 

YEAR TO DATE

A look at market activity for January-April 2008 compared with the same period in 2007 shows that new listings dropped 3.6%. Closed sales were down 32.4% and pending sales decreased 30.3%. See table above.

12 MONTH SALE PRICE PERCENT CHANGE

Comparing the average sale price for the 12 months ending in April 2008 with that of the 12 immediately prior, it grew 0.5% ($262,400 v. $261,100). Using the same formula, the median sale price increased 0.7% ($231,000 v. $230,000).

 

Fathers Then & Now

Today is one of the first Father’s Days of our new millennium. Fathers of 1900 didn’t have it nearly as good as fathers of today; but they did have a few advantages:

In 1900, fathers prayed their children would learn English.

Today, fathers pray their children will speak English.

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In 1900, a father’s horsepower meant his horses.

Today, it’s the size of his minivan.

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In 1900, if a father put a roof over his family’s head, he was a success.

Today, it takes a roof, deck, pool, and 4-car garage. And that’s just the vacation home.

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In 1900, a father waited for the doctor to tell him when the baby arrived.

Today, a father must wear a smock, know how to breathe, and make sure film is in the video camera.

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In 1900, fathers passed on clothing to their sons.

Today, kids wouldn’t touch Dad’s clothes if they were sliding naked down an icicle.

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In 1900, fathers could count on children to join the family business.

Today, fathers pray their kids will soon come home from college long enough to teach them how to work the computer and set the VCR.

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In 1900, fathers shook their children gently and whispered, "Wake up, it’s time for school."

Today, kids shake their fathers violently at 4 a.m., shouting: "Wake up, it’s time for hockey practice."

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In 1900, a father came home from work to find his wife and children at the supper table.

Today, a father comes home to a note: "Jimmy’s at baseball, Cindy’s at gymnastics, I’m at adult-Ed, Pizza in fridge."

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In 1900, fathers and sons would have heart-to-heart conversations while fishing in a stream.

Today, fathers pluck the headphones off their sons’ ears and shout, "WHEN YOU HAVE A MINUTE.."

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In 1900, a father gave a pencil box for Christmas, and the kid was all smiles.

Today, a father spends $800 at Toys ‘R’ Us, and the kid screams: "I wanted Wii!"

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In 1900, if a father had breakfast in bed, it was eggs and bacon and ham and potatoes.

Today, it’s Special K, soy milk, dry toast and a lecture on cholesterol.

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In 1900, a Father’s Day gift would be a hand tool.

Today, he’ll get a digital organizer.

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In 1900, fathers said, "A man’s home is his castle."

Today, they say, "Welcome to the money pit."

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In 1900, "a good day at the market" meant Father brought home feed for the horses.

Today, "a good day at the market" means Dad got in early on an IPO.

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In 1900, a happy meal was when Father shared funny stories around the table.

Today, a happy meal is what Dad buys at McDonald’s.

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In 1900, a father was involved if he spanked the kid now and then.

Today, a father’s involved only if he coaches Little League and organizes Boy Scouts and car pools.

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In 1900, when fathers entered the room, children often rose to attention.

Today, kids glance up and grunt, "Dad, you’re invading my space."

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In 1900, fathers threatened their daughters suiters with shotguns if the girl came home late.

Today, fathers break the ice by saying, "So...how long have you had that earring?"

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In 1900, fathers pined for the old school, which meant a one-room, red-brick building.

Today, fathers pine for the old school, which means Dr J and Mickey Mantle.

The Cost of Kids

 

1. Fill a bucket or large, shallow pan with warm, soapy water.

2. Place small grills and grates in the water, soak for 15 minutes.

3. Depending on whether it¹s a gas or charcoal bbq, remove all briquettes or coals in the bbq.

4. Remove all ash and debris from the inside of the bbq and around the burner if you have a gas grill and wipe with soapy water. Tip: be sure to check the burner is back in place when you finish.

5. If you have ceramic briquettes, wash them with soapy water to remove any debris.

6. Spray the inside of the bbq with a light coating of oil.

7. Remove grills from soapy water and scrub clean with a wire brush.

8. Replace all grills and grates, spray lightly with oil to prevent food and grease sticking.

9. Allow the grill to dry properly before replacing the grill cover.

10. To keep it clean throughout summer, quickly run over it with a stiff wire grill brush after every use while it’s still hot and give it a quick spray of oil.

 

With the hard work done you can sit back and enjoy the summer bbq season.

Monday Morning Real Estate Update 6/09/08

by Galand Haas

Galand Haas,

Good Monday Morning!

We are very clearly well into a buyers Real Estate market  with inventory of available homes for sale at 9.5 months.  6 months of inventory is the break off point between a sellers market and buyers market.

One thing that holds true for sellers in this current market is the fact that the agent you choose to represent your property can have an enormous effect on how long your home is on the market and the price it sells for.  This is certainly not the kind of market that you want to choose a Real Estate professional based on the price they say your home is worth.  When interviewing agents always look at the agents track record over the past 5 years.  Agents who have been in the business 10 years or longer have weathered slow markets before and have some experience with them.  Look at the agents statistics compared to the MLS averages.  The agent you speak with should know these statistics very well.  Make sure that your agent has an aggressive home marketing plan and that it focuses heavily on Internet marketing.  Discount brokers may struggle in this current market, so beware. 

An experienced agent can help you get top dollar for your property, even in this market.

Have An Awesome Week! 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Displaying blog entries 1-9 of 9

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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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