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Monday Morning Real Estate Update 2/4/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

If you are looking for a change in the Real Estate market you will have to look outside of the Eugene and Springfield area.  There really has been little change over the past several months and I don't look for much change in the months ahead.  This is why our current market remains one of the most opportune times to purchase a house that there has been in decades.  Home prices remain extremely attractive and there are many seller incentives out there.  With the current low mortgage rates, this is a wonderful opportunity.

If you would like to receive e-mail updates as new homes meeting your search criteria hit the market, you can log onto www.forhomeinfo.com to receive informative daily e-mail updates on homes listed for sale.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/28/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

The white stuff paid a rare visit to our area over the weekend.  It is gourgeous outside!

Nationally, the housing market had it's worst performance in 25 years last month.  Locally, we continue to dodge the bullet that has hit the national market.  The recent drop in mortgage interest rates actually is breathing some new life into home sales in our area.  If you are considering the sale of your home, I would not wait much longer.  It would be wise to take advantage of our recent upswing.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/21/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

Happy Martin Luther King Day!  For all of those who have today off, enjoy the sunshine!

Mortgage interest rates continue their slow decline.  Will the housing market react?  This is a very good question. The Federal Government does not feel confident that the current low rates are enough and they will continue to drop their short term rates.  This does not always have an immediate effect on long term rates, so the jury remains out on what the future will bring us with mortgage rates.  Watch closely because the Real Estate market may just surprise us all in the next few months.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 1/14/08

Thursday, March 13, 2008
by Galand Haas

Good Monday Morning!

It was certainly nice to see sunshine on Sunday!

Nationally, the housing market continues to slump.  Look for the Feds to make further moves to kick start housing by dropping the prime again. Also, look for a substantial drop this time.  How much effect this next drop has on mortgage interest rates is yet to be seen.  Rates are already at a 3 year low and a further decline can do nothing but help at this point.  Negative press on the availability for mortgage financing is somewhat exaggerated.  There are plenty of good loan programs out there for those who qualify.  The sub-prime loans that were feeding financing to those who were at very high risk are the loans that are gone.

Have An Awesome Week!



Sincerely,
Galand
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Monday Morning Real Estate Update 8/27/07

Wednesday, September 5, 2007
by Galand Haas

Good Monday Morning!

Yeah!  High school and College football begins this week.  It is that time of year again!!

Nationally, the housing market rebounded slightly last month.  This is a good sign that maybe the worst is over.  It is uncertain as of yet as to how much impact the troubled home mortgage industry will have on home sales. My experience to date is that home loans are very available.  There is a slightly lower selection, but we have had very few problems in finding great financing for our home buyers.

It is crucial that if you are purchasing a home or refinancing a home that you use a lender with many financing options.  If you make the wrong lender choice right now it could be costly.  If you are looking for a top lender with a good loan selection and competitive rates, please e-mail me and I Will provide you a list of the lenders we have found to be outstanding in this current market.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 9/3.07

Wednesday, September 5, 2007
by Galand Haas

Good Monday Morning!

Happy Labor Day!  What a gorgeous 3 day weekend it has been.  Also, congratulations to the ducks and Beavers for their wins in their season openers.  It should be a great season for local college football fans.

The housing market continues to tighten for sellers in the Eugene and Springfield area.  Time on the market is rising again and the inventory of homes for sale is continuing to swing up-wards.  The good news is that mortgage loan interest rates have decreased and certainly may drop some more.  This has made an extremely good environment for home buyers.  If you are considering purchasing a home don't let this current market slip away.  You have a good inventory of homes to choose from, soft pricing and great interest rates.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 8/19/07

Wednesday, August 22, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

A little rain was a pleasant surprise.  It was great to settle the dust and water the plants.  More Summer is on the way!

The latest quarterly survey by the National Association of REALTORS® shows that home price trends are improving in metropolitan areas. But existing-home sales are below where they were a year ago in most states.

In the second quarter, NAR reported 97 of 149 metropolitan statistical areas showed year-over-year increases in median existing single-family home prices.

Total state existing-home sales are down 10.8 percent from a 6.63 million-unit pace in the second quarter of 2006.

The largest singe-family home price increases were seen in the Salt Lake City area, Binghamton, N.Y. and Salem, Ore. The best total sales performance on existing home sales were seen in: Wyoming, Iowa, North Dakota, Oklahoma, Indiana and Nebraska.   

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 7/23/07

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

The Real Estate market statistics are in for May of this year and as expected change is taking place. New listing hit a 7.8% increase for the month of May taking our home inventory to 4.5 months of supply.  This means that if no new homes hit the market it would take 4.5 months to exhaust the current supply at todays rate of sales. In May of 2006 there was 2.8 months of inventory.

The number of closed sales decreased by 4% from May of the previous year.  Pending sales dropped by 3.8% over the same time period.  The interesting fact is that the average sales price climbed by 10.3%  from $238,400 12 months ago to that of $263,000.  The average time it takes a home to sell in Lane County has hit 74 days. 

The gradual increase in home prices here is healthy.  If the trend of slower sales and higher inventory of homes for sale continues look for the home price increases to hit a road block.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 7/30/07

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

It looks like a gorgeous week of Summer weather ahead of us! 

As the national Real Estate market continues to wind down, the market here in the Eugene and Springfield area also continues to cool.  At this time, the pace of our slow down does not seem to be as strong as many parts of the country. Inventories of homes for sale and average days on the market in our market continue to be less than many major U.S. Real Estate market areas.  What happens between now and Fall should give us an idea as to where our market will be heading for the next six months.  The opportunity here for home buyers has not been better for years, yet few are taking advantage of the lower home prices, the attractive mortgage interest rates and excellent home inventories.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning?

The Real Estate market statistics are in for the month of June.  Home prices continue to increase with the median home sales price hitting $243,300.  This is up from June of last year when the median home sales price was at $235,000.  The inventory of homes on the market for sale continues to rise to that of 4.6 months.  This compares to 3.1 months of inventory for June of last year.  This number reflects the number of months it would take to exhaust the current inventory of homes for sale at the current sales rate.  When this number is below 6 months it is considered a sellers market.  When the number is greater than 6 months of inventory it is considered a buyers market. The average number of days it took a home to sell in June was 61 days.  This compares to 48 days in June of 2006. 

We have a sustaining home market right now, which is far better than what most of the country is experiencing.

Have An Awesome Week!

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Displaying blog entries 201-210 of 235

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Haas Real Estate Team
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2645 Suzanne Way Suite 2A
Eugene OR 97408
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