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Home Foreclosures dropped to their lowest level since November 2006

Monday, December 17, 2012
by Galand Haas

Good Monday Morning!

Nationally, home foreclosures have dropped to their lowest level since November of 2006.  Here in the Eugene and Springfield area the number of new foreclosures is down significantly as well.  I receive a weekly list of the local mortgage default notices and last week for the first time since I can remember, there were no new notices in the Eugene and Springfield area. 

This is great news both nationally and locally and most likely indicates that the economy is on the upswing and that we have weathered the worst part of the foreclosure storm.  This trend could indicate the beginning of a return to a more normal housing market.

Mortgage interest rates continue to hold at historic low levels and this has created an extremely hot Real Estate market in many parts of the country.  In fact in areas that were very depressed just months ago, such as the Phoenix area of Arizona and Orange County in Southern California, multiple offers are now frequent on many homes for sale. Nationally and locally there is a shortage of home inventory in many price ranges and neighborhoods.  If this trend should continue we may see home prices on the rise again.  This would be good news for many home owners.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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3845 Harlow Rd
Price: $188,000 Beds: 3 Baths: 2 Sq Ft: 1314
Adorable Home with Attention to Detail! High ceilings, bay window, architectural arches, granite counters, lifetime vinyl siding, double-pane vinyl windows, recessed lighting. Entry with tray ceiling & large closet. Kitchen opens to dining area with...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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There may never be a better time to upgrade to a larger home than now

Monday, December 10, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

For many reasons there may never be a better time to be a move up buyer than right now.  To start with if you are considering moving up to a larger and more expensive home, that larger home most likely has taken a larger price hit during the down turn than your existing home.  This means that you may be making money immediately upon the purchase.  Also, most of the time the larger, newer or more expensive homes will typically be in a neighborhood of homes that might appreciate better than your existing home. Your existing home may be in demand in this market.  If your existing home fits into the criteria for first time buyers or FHA financing then there is a good chance that demand might be high for your home right now.  This means the value of your existing home may be elevated from even just a few months ago.  

With all of this working for you and the continuing historic low mortgage interest rates, it may be the perfect time for you to consider an upgrade.  You might be very happy in the years ahead as you see how well your new home purchase appreciates.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-December-2012
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1685 High St
Price: $405,000 Beds: 7 Baths: 4 Sq Ft: 2638
Multifamily property in great location! 1685 is detached unit with 1 bed, 1 bath. 1695 is 2 bed, 1 bath basement unit with fireplace. 309 is a 4 bed, 2 bath, 2-level unit with fireplace, front porch and deck. All 3 units have had some updating. Loca...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Real Estate as an Investment

Monday, December 3, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

If you are considering Real Estate as an investment, there has been no better time than right now to get into Real Estate investment.  With the current low home prices, the historic low mortgage interest rates and high rents in many areas, Real Estate investment right now makes great sense.  The other attractive part about investing now is that you are purchasing at the bottom of the market.  As Real Estate values increase in years to come, an investment made today will really pay off.  Many fortunes will be made by those investing at the bottom of the market.

Real Estate investment is easy. What is important is that you connect with someone who knows the market and can guide with investments that will create revenue now and also appreciate well over time.  I have been working with Real Estate investment for well over 20 years.  If you are curious about how Real Estate investment might work for you, please contact me and we can look at the many options available.

Have An Awesome Week!

Video Link: http://eugeneoregonhomesforsale.com/video/Gutter-Maintenance-2
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56411 McKenzie Hwy, Unit 1
Price: $237,500 Beds: 2 Baths: 2 Sq Ft: 891
Wonderful condo on the river! Enjoy the great view of the mountains and trees as you relax in this cozy townhouse-style condo! Cedar cabin with fireplace, loft and large screened-in porch. All furnishings included! Make this yours today!!!...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Should You Remodel Or Sell

Monday, November 26, 2012
by Galand Haas

Good Monday Morning!

With many homeowners still in a position of having either no equity or little equity in their home a frequent question is whether to remodel or to sell and purchase another home.  When trying to come up with the best answer for this it really takes some research on the part of the homeowner.  Remodels can be very expensive and many times the homeowner will not see a return on their remodel investment.  The best way to approach this question is to first get a solid idea of what your home is worth on the market today.  Then you should come up with a solid idea as to what a new home might cost you right now.  Once you have done this then get bids for the cost of doing improvements to your existing home.  You will also want to get an idea of what your existing homes value will be following the remodel.  Now that you have this information you can come up with an idea as to which avenue is going to be the best financial decision.  Sometimes the remodel makes great sense, but I also see many people get buried with an expensive remodel that they will never recapture their money on.

If you live in the Eugene and Springfield market area you can obtain a market value analysis on your home online at www.forhomesellers-nonSmartZip.com.  You can also contact me directly for a no obligation market value analysis. I can also give you an idea on what your home value should be following your remodel.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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4125 Alder St
Price: $299,000 Beds: 3 Baths: 2 Sq Ft: 2627
Nestled in the Hills! Wonderful views of the trees. Light and bright, spacious living areas, well-sized bedrooms with large closets, master bath with two sinks, living room with slider to large 2 level deck, kitchen with eating area, dining room, 2 ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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October 2012 Numbers are in!

Monday, November 19, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

The statistics are in for October home sales in the Eugene and Springfield market areas.  It appears that October was yet another month of positive numbers for home sales.  Pending sales for October were up 26.4% over September of this year and were up 12.3%  over October of 2011.

Homes sales in October dropped very slightly from September, but were up 19.2% over October of 2011.

New listings hitting the market were down slightly from September and also from October of last year.  

There is currently 5.5 months of active home inventory.  This number is down substantially from the 7.6 months of inventory that was on the market in October of 2011.  

October's average sales price was at $202,500.  This is in comparison with the $197,000 for October of 2011.

The average time that it took for a home to sell in October was at 119 days.  This compares to 130 days for the same time period in October of 2011.  

With record low mortgage interest rates this current trend may continue for a while.  If the overall economy would improve and mortgage interest rates were to continue, the Real Estate market would most likely continue this upward trend. Time will tell, but for right now the news is  great for the Eugene and Springfield Real Estate market.

 

Video Link: http://eugeneoregonhomesforsale.com/video/IMG-0966-2
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2434 Royalann Ln
Price: $295,000 Beds: 4 Baths: 2 Partial Baths: 1 Sq Ft: 2339
Beautiful home in Cherry Hill Estates. Features gorgeous wood floors and great separation of space. Living room with fireplace, large kitchen with granite counters, eating bar & pantry. Large master suite with walk-in closet plus bonus room! Family ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Is November a good month to list your home?

Monday, November 12, 2012
by Galand Haas

Good Monday Morning!

The inventory of homes listed for sale in the Eugene and Springfield area continues to decline.  Part of this decline is due to seasonal trends.  Each year the inventory of available homes for sale hits the lowest points from November through March.  This year with the existing low housing inventories in combination with seasonal trends, the availability of homes for sale in the Eugene and Springfield area could reach some very low levels.  This also means fewer homes for sale for the many buyers currently looking.  With home prices at low levels due to the downturn in the housing market over the past five years and historic low interest rates home buyers are out there in large numbers right now. The combination of low housing invetories and large numbers of available home buyers has created a seller market. This means more demand, fewer days on the market and potentially higher sales prices.

The common thought has been that it is best to wait until Spring and Summer to place your home on the market for sale.  This can often times mean putting your home on the market when housing inventories are increasing and even peaking.  This would mean more competition and potentially longer times on the market and a lower sales price.  

My suggestion for anyone considering the sale of their home would be to get your home on the market soon and don't wait for the Spring and Summer time periods.  Less competition due to low inventories and existing low mortgage interest rates are creating a strong sellers market right now.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING! 

Video Link: http://eugeneoregonhomesforsale.com/video/Eugene-Real-Estate-Update-VRC-2

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1312 Roundup Drive
Price: $350,000 Beds: 5 Baths: 2 Sq Ft: 2854
Huge, updated home with great curb appeal! Large living areas with open floor plan, living room with 2 sets of french doors, additional living room off kitchen and dining area, huge family room with slider to backyard, 5 big bedrooms plus 2 rooms wh...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Opportunities for First Time Home Buyers

Monday, November 5, 2012
by Galand Haas
VideoVideo

Good Monday Morning!

Nothing like some Summer weather in November.  This is a nice experience for the Eugene and Springfield area.  Enjoy it while it is here!

Locally and nationally the first time homebuyer market continues to be the most active part of the Real Estate market.  Homes that are in price ranges that are attractive to first time buyers and that can qualify for the most common types of financing used by first time buyers are clearly the easiest to sell in just about any area.  Both the great affordability of homes at this time and the record setting low mortgage interest rates are driving this market.  A sustained period of heavy demand for homes that qulaify as first time buyer homes will eventually fuel price increases.  If you are a first time buyer and you are sitting on the fence, don't wait.  Opportunities such as we are seeing today don't last forever.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-US-November-2012
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2160 Wood Duck Way
Price: $525,000 Beds: 4 Baths: 3 Partial Baths: 1 Sq Ft: 4000
Stunning custom home on lake! High ceilings in dining room and living room with fireplace, open family room with fireplace, office, bonus room, laundry with sink and storage. Large master suite with travertine tile and walk-in closet. Gourmet kitche...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Coffee

Monday, October 29, 2012
by Galand Haas

Good Monday Morning!

It appears that on the national front, homes sales took a slight dip in the month of September.  At the same time that homes sales slipped, the average sales price continued to trend upwards.  The inventory of available homes also is continuing to decrease in many of the major national home market areas.  Another interesting fact is that short sales continue to be strong in many market areas and that short sales averaged 13% lower in sales price than conventional sales.

Here in the Eugene and Springfield home market home sales were up and the average sale price was up as well.  As with the national market, the inventory of homes for sale is down. Much of the decrease in inventory could be seasonal.

With the election only a few days away it will be interesting to see how the housing market responds after the election. Consumer confidence certainly continues to be an issue, so any results from this election that boost consumer confidence will certainly have an impact on the housing market both nationally and locally. Consumer confidence that the economy will improve soon will have a huge impact on housing.

Don't forget to vote "YES" on Measure 79 in Oregon.  A "YES" vote stops the state's ability to exercise a Real Estate transfer tax.  The last thing we need in this economy is another tax that will effect the housing market and homeowners.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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28292 Cantrell Rd
Price: $595,000 Beds: 3 Baths: 2 Sq Ft: 2531
Acres of Seclusion & Mountain Views! Wonderful property with pond, gazebo, deck, greenhouse, shop, water feature and lots of storage! Home has an open floor plan, skylights, vaulted ceiling, large windows for amazing views, wood stove, kitchen with ...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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The Numbers Are In for September 2012

Monday, October 22, 2012
by Galand Haas

Good Monday Morning!

The numbers are in for Real Estate sales activity in the Eugene and Springfield market area for the month of September 2012.  It appears that the trend of improved homes sales and lower inventories of homes continues.  As you will see, the average sales price is also inching upward.

Homes sales for September 2012 were 17.4% higher than for September of 2011.  This was 303 sales vs 258.  Pending sales were also up for the same period by 9.8%.  New home listings declined in September 2012 in comparison to September 2011 by 7.9%.  The number of months of active inventory of homes for sale stands at 5.7 months.  This means that the Eugene and Springfield Real Estate market continues to favor sellers.  Remember that 6 months of inventory is the dividing point between a buyers and sellers market.  The average sales price is also up and sits at $213,600 in comparison to $208,300 for September of 2011.

Have and Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
2160 Wood Duck Way
Price: $525,000 Beds: 4 Baths: 3 ½ Baths: 1 Sq Ft: 4000
Stunning custom home on lake! High ceilings in dining room and living room with fireplace, open family room with fireplace, office, bonus room, laundry with sink and storage. Large master suite with travertine tile and walk-in closet. Gourmet kitche...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Measure 79 on the Oregon ballot

Monday, October 15, 2012
by Galand Haas

Good Monday Morning!

If you have not already researched Measure 79 on the Oregon ballot, it would be a good idea to do so.  http://www.yesonmeasure79.com/issue.html.  This measure stops the State of Oregon from being able to assess a Real Estate transfer tax on home sales.  A transfer tax is a tax imposed upon homeowners and is assessed at the time of sale.  It is typically calculated as a percentage of the sales price.  Be careful on this one.  A vote in opposition is actually a "YES" vote on the ballot.

Have and Awesome Week!

THIS WEEKS HOT HOME LISTING!

 
 
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5248 G Street
Price: $152,500 Beds: 3 Baths: 2 Sq Ft: 1194
Attractive home with abundant garden! Light and bright home features great room with skylight, vaulted ceiling, dining area with slider plus kitchen with island, eating bar and pantry. Plus laundry area. Master suite with large closet. Through the s...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Displaying blog entries 441-450 of 692

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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