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Slower Than Anticipated Recovery In Housing Market

by Galand Haas

Good Monday Morning,

Nationally, the home sale numbers for new homes have fallen short from predicted levels.  This could indicate a slower than anticipated recovery for the national housing industry.  This is not great news for the economic recovery that we are all hoping for. Consumer confidence in the housing industry is also suffering and this may not turn around for another year to 18 months. While many remain cautious in this market, it may be the best time possible for making an Real Estate investment.  Most fortunes are made during times of adversity and this market will see many fortunes made for savvy investors who are willing to accept risk in this market.  This will certainly hold true for Real Estate investors in the Eugene and Springfield area. The risk for purchasing Real Estate in this market is far less than investing in the stock market.  For casual investors or even buyers looking to move up to a larger, more expensive home the current risk is also certainly lower now than it was during the hot market of several years ago.

If you would like to learn how you can make this market work for you and make low risk Real Estate investments in this current market, please contact us.

Have An Awesome Week!

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2050 Terresa Avenue
Price: $225,000 Beds: 3 Baths: 2 Sq Ft: 1374
A wonderful home w/ an open floor plan, natural lighting, a private backyard w/ schools & shopping nearby. Featuring a spacious family rm w/ brick fireplace, a light & bright kitchen w/ garden window & brkfst bar, a cozy living rm, a patio, sprinkle...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Good Monday Morning!

It was certainly a great weekend in Eugene for sports enthusiasts.  The Spring Oregon Duck football game, several Duck baseball games, the relays and and the Eugene marathon.  Wow! Sports town USA!

The statistics are in for Real Estate sales during the month of March and they clearly show an improving market.  The average months of active home inventory was at 7.8 months and this was down from 9.7 months in March of 2009.  Remember, 6 months of inventory is an even market, below that level is a sellers market and above a buyers market.

Closed sales were up again and were at an increase of 39.6% from March of 2009.  Pending sales also were up significantly at 51% from March of last year.  New listings were also up significantly at 45.7% over last march.  The average sales price was up slightly over February, but down considerably from March of 2009 with a decrease of 6.9%.

It looks like we are experiencing a small bubble in sales activity.  Most activity remains in the lower price ranges and pricing pressure remains high with large numbers of foreclosed homes and short sales still hitting the market.  Don't expect this trend to end any time soon.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

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1054 Brookside
Price: $258,000 Beds: 3 Baths: 2 Sq Ft: 1682
A classic home with lots of special features incl. a sunken living room, open dining area, a fantastic kitchen with eat bar & built-in pantry. Each guest bed has excellent closet storage and easy access to the large guest bath. The spacious master h...



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

Potential Problems In The Commercial Real Estate Market!

by Galand Haas

Good Monday Morning!

If you have not been to an Oregon Duck baseball game at the brand new PK Park you need to do so. What a fantastic facility this is and how much fun is it to watch a college baseball game? This is a great addition to the Eugene and Springfield area!

Most of the Real Estate news over the past several years has focused on the residential Real Estate market and it's continual slide both nationally and locally.  The situation with the residential market has certainly had an effect on the lives of most.  Now coming on the scene is a situation with commercial Real Estate that is going to also have a significant impact on most of us.  Loans for commercial Real Estate are typically much shorter in term than those made for residential Real Estate. Most commercial loans have a duration of seven years.  What we are seeing in both the local and national commercial Real Estate market is that lease rates are declining sharply. The value for commercial property is determined primarily by what the lease value is.  As a result of the lower lease rates, the value of most commercial property has dropped significantly. Over the next 3 years hundreds of thousands of commercial notes are going to be coming due all over the country. As these notes come due the commercial property owners are going to have to find new financing. Due to the lower lease rates, many of these commercial properties values will be less than what is currently owed on them.  The problem will come from the fact that the banks will not be able to loan on the buildings for the amount the owners need and historic numbers of commercial Real Estate owners will now go into default.  This has the potential for a huge economic disaster as thousands of commercial property investors lose their money.  The investor groups are broad as many of the nations largest insurance company's etc. are invested heavily in commercial Real Estate.  

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

 

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3547 River Pointe Drive

Price: $445,000 Beds: 4 Baths: 2.5 Sq Ft: 3026
Beautiful home on large lot with lots of extras. Featuring a covered front porch, a living room with hardwood floors & fireplace, a lg. kitchen with center island, pantry & BI-desk, a dining area w/ bay window, an office/den, utility rm. & oversized...

Good Monday Morning!

If you have not been to an Oregon Duck baseball game at the brand new PK Park you need to do so. What a fantastic facility this is and how much fun is it to watch a college baseball game? This is a great addition to the Eugene and Springfield area!

Most of the Real Estate news over the past several years has focused on the residential Real Estate market and it's continual slide both nationally and locally.  The situation with the residential market has certainly had an effect on the lives of most.  Now coming on the scene is a situation with commercial Real Estate that is going to also have a significant impact on most of us.  Loans for commercial Real Estate are typically much shorter in term than those made for residential Real Estate. Most commercial loans have a duration of seven years.  What we are seeing in both the local and national commercial Real Estate market is that lease rates are declining sharply. The value for commercial property is determined primarily by what the lease value is.  As a result of the lower lease rates, the value of most commercial property has dropped significantly. Over the next 3 years hundreds of thousands of commercial notes are going to be coming due all over the country. As these notes come due the commercial property owners are going to have to find new financing. Due to the lower lease rates, many of these commercial properties values will be less than what is currently owed on them.  The problem will come from the fact that the banks will not be able to loan on the buildings for the amount the owners need and historic numbers of commercial Real Estate owners will now go into default.  This has the potential for a huge economic disaster as thousands of commercial property investors lose their money.  The investor groups are broad as many of the nations largest insurance company's etc. are invested heavily in commercial Real Estate. 

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!
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6906 A Street
Price: $169,000 Beds: 3 Baths: 1.5 Sq Ft: 1244
Charming newer home located on the banks of city-maintained wetlands with a seasonal pond, wildlife & walking paths. The main level features a living & dining room with lam floor & woodstove, a space-efficient kitchen with lots of lots of storage, a...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

The secret to selecting the best listing Real Estate agent!

by Galand Haas

Good Monday Morning!

It looks like an early Spring for the Eugene and Springfield are.  February temperatures in the 60's?

 

One of the most difficult choices to make when thinking about selling a home is, how do I choose the best Real Estate agent?  It has always been important to choose a good agent, but in today's rugged Real Estate market, it has never been more crucial to find an agent who has the right experience, work ethic, marketing plan and market savvy to get your home sold at top market value.

 A common myth is that all agents at a given company are the same!  Not only is this not correct, but the fact of the matter is that the company an agent is with really makes little difference.  The real truth is that every agent has their own approach to selling Real Estate.  They have their own marketing plan and way of doing business that is unique and can be quite different, not only from other agents in the market area, but from other agents in their own company. Individual company's may have some influence on how the agent does business, but it really ends there.  Rule #1, "Don't choose and agent based on the company they are with!"  

When interviewing agents you may also find a difference in the fees that individual agents charge for selling your home.  The brokerage fee is negotiable and it certainly may vary from agent to agent.  It would seem that you could save a great deal of money by going with an agent who charges a lesser fee.  This is a fact that can be very misleading.  In fact most times, just the opposite is true.  Instead of looking at the brokerage fee up front, look at the agents performance record.  Ask them to show you statistics as to how they stack up against the other agents in the market as far as average sales, sales price, average days on the market and percentage of sales price vs listing price.  At the end of the day, these are the numbers that will truly influence how much money you receive from your sale.  Rule #2, "Never choose an agent based on brokerage fee!"

The majority of agents in any market place use the same home marketing techniques that Real Estate professionals have used for years.  In today's world this most likely will not give your home the exposure it needs.  National statistics show us that last year over 89% of all people who purchased homes in the country used the internet as their primary way of searching for homes. Traditional methods of marketing homes such as open houses, newspaper ads, and Real Estate magazine presence combined account for less than 3% of the total number of sales nationally.  So, make sure that the agent you choose is marketing where the buyers are looking and not employing methods that worked 10 to 15 years ago and not today.  Few agents really have either the knowledge of the internet or the budget to adequately promote your home. So, be careful here.  Be selective with agents and their marketing and go online and pretend you are the buyer.  You will be surprised at the difference you discover from agent to agent.  Rule #3, "Do not hire an agent who does not have a high profile internet marketing plan!"

Just because an agent has been in business for a large number of years does not always indicate that they are the best choice.  Some seasoned agents are outstanding while others may fall short of your expectations.  Experience is important, but should not always be the sole reason for choosing an agent.  Rule #4, "Always get references from an agent you are interviewing and check those references!"  Reliable people who have had experience with the agent are the best source for getting a true feel for what the agent can do for you and for what kind of experience you can expect.

With so many agents to choose from, finding the right one can be confusing. By following these simple rules, you should be able to find the agent who will do a great job for you and represent you well with the sale of your home.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING!

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725 MOUNTAINGATE DR
Price: $450,000 Beds: 4 Baths: 2 Sq Ft: 3172
Entry / Living / Dining / Family Mocha Stained Wood Wide-Plank Floors in Dining & Entry Custom Shelving & Cabinets in Den, Family & Living Areas Natural Gas Fireplace with Stone Surround & Custom Mantel Large, Private Den/Library Powder Room Conveni...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer

Good Monday Morning!

Happy News Years!

One thing that we can count on is that the new year will bring us just as much change and uncertainty with the Real Estate Market in the Eugene and Springfield area as 2009 offered.  The one bit of advice that I would offer anyone who is considering the sale of or purchase of a home in this market is to, "DO YOUR RESEARCH". This means to approach your decision to buy or sell by making sure that you are dealing with professionals who know the market in our area and who can offer you sound advice.  Making decisions without this may be painful and expensive down the road.  

As the top Real Estate Team in the Eugene and Springfield area, the Galand Haas team can provide you with honest information that will give you the certainty that your decision making process is easy and right on target.  Our priority is to help you and make sure that whether you are buying a home or selling a home that your decision is based on good sound knowledge and advice.  Each year we help hundreds of area residents with their home sale or purchase and make sure that we always protect their best interests.  Please contact us whether you are thinking of buying or selling, if you are behind in home payments and face potential foreclosure and need good advice or wish to explore refinancing your home.

Have An Awesome Week!

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4588 AVALON ST
Price: $145,000 Beds: 3 Baths: 2 Sq Ft: 1156
A very cute home with a spacious living room with pellet stove on brick, a good-sized master bed with bath and a fantastic ~bonus~ room from the converted garage. Outside offers a covered deck & fenced backard and a prolific cherry tree. This is a g...


AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Good Monday Morning!

The deep freeze in the Eugene and Springfield area has passed.  Now it is back to just plain old normal Winter weather for the Willamette Valley,

Don't look for any huge changes in our local Real Estate market for 2010.  Most likely home prices will continue their steady slow decline over the next year.  Home inventories should remain somewhat scarce in the $250,000 range and below and upper end priced homes will remain quite slow on the market.  Most demand for housing will be in the first time buyer segment.  Look for mortgage interest rates to remain low for most of the year.  Yes, it looks like more of the same.

Home foreclosures could spike in 2010.  Look for heavier numbers of foreclosed homes and short sales to hit the market as ARM loan rollovers pick up steam.  The rollovers of these loans could mean double or even triple the payments amounts for many homeowners with little chnce of getting out from under them.

One thing that I am hearing a great deal as of late from people thinking of selling their home is, "I think that I will just wait until Spring or Summer when the market is better to place my home on the market".  If you are needing to sell your home, don't fall into this costly trap.  Your home very well may be worth less in the Spring than it is right now and even less yet by Summer.  If our market continues to decline in value as predicted then waiting to sell your home could be a very big mistake.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

 

 

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39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer

Good Monday Morning!

The deep freeze in the Eugene and Springfield area has passed.  Now it is back to just plain old normal Winter weather for the Willamette Valley,

Don't look for any huge changes in our local Real Estate market for 2010.  Most likely home prices will continue their steady slow decline over the next year.  Home inventories should remain somewhat scarce in the $250,000 range and below and upper end priced homes will remain quite slow on the market.  Most demand for housing will be in the first time buyer segment.  Look for mortgage interest rates to remain low for most of the year.  Yes, it looks like more of the same.

Home foreclosures could spike in 2010.  Look for heavier numbers of foreclosed homes and short sales to hit the market as ARM loan rollovers pick up steam.  The rollovers of these loans could mean double or even triple the payments amounts for many homeowners with little chnce of getting out from under them.

One thing that I am hearing a great deal as of late from people thinking of selling their home is, "I think that I will just wait until Spring or Summer when the market is better to place my home on the market".  If you are needing to sell your home, don't fall into this costly trap.  Your home very well may be worth less in the Spring than it is right now and even less yet by Summer.  If our market continues to decline in value as predicted then waiting to sell your home could be a very big mistake.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING

 

 

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39640 DEERHORN RD
Price: $365,000 Beds: 3 Baths: 1 Sq Ft: 1652
Classy country home on acreage with park-like setting in the Mckenzie River Valley featuring hardwood floors, spacious living room with fireplace, large dining room & kitchen with laundry access. Large bedrooms & lots of storage. Master bed includes...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer

Mortgage Rates Tick Up

by Galand Haas

Good Monday Morning!

Eugene (Track City USA) was back in the national lights again this weekend with the Pre Classic track meet.  It was a fantastic event again.

With mortgage rates ticking up slightly it seems to have temporarily cooled our local market some.  Just as we were experiencing a nice surge with home sales the rates began to change slightly. It is too early to say whether this is a trend or if it is just a short and quick jump upwards before dropping again.  If the interest rate trend continues to climb, look for another cooling off period in the market.  This is good reason to take action quickly if you are considering buying or selling a home.

During this shifting Real Estate market all of our home values have changed.  If you would like to get a good idea of your homes current market value and then be updated monthly so that you always are in the know of what your homes value is doing and what's taking place with home values and sales in your neighborhood just log onto www.eugeneoregonhomesforsale.com/market.  Our new state of the art site will furnish you with detailed information on your home and other homes like your in your neighborhood with photos, graphs and complete data this is one resource you will love. The great thing is that once you sign up and set your profile the rest is automated and new information will automatically be sent to your e-mail in box every month.

Have An Awesome WeeK!

THIS WEEKS HOT HOME LISTING!

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1722 RUSSET DR, Eugene, Oregon

Price: $385,000.00

Beds: 4

Baths: 3

Sq Ft: 2272

Description: A classy home with parklike setting featuring a spacious, carpeted, living room, formal dining w/ rich hardwood, a family room w/ fireplace, a great kitchen w/ tile flrs., island, pantry & lots of ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Is the Housing Market rebounding in Eugene and Springfield?

by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was!  Has Summer arrived early this year?

The debate rages on as to where we are at with our local Real Estate Market.  The statistics show that sales activity has certainly picked up and time on the market for homes being sold has shortened.  You would think that this indicates that the market has bottomed out and that we are heading back up the hill.  But, wait a minute!  Mortgage rates have bounced up slightly and indications are that they may tick up even more. Just a slight upswing in rates can negate money saved by home prices being down. 

In all honetly nobody knows if we have hit bottom or if we have just watched a small surge while the overall trend continues to decline.  My honest opinion is that with an unemployment rate of 13.6% in Lane County we have some more lean times ahead of us.  This does not mean there are not opportunities out there though.,  We are finding tremendous home values for buyers we are working with every day.  For home sellers a lower inventory right now and shorter time on the market indicate a good time to place your home on the market.  It might be best if you are a home buyer or home seller not to wait and see what this market is going to do.  The opportunity right now might be the best for both buyers and sellers that we will see for a while.

Have An Awesome Week!

THIS WEEKS HOT MOME LISTING

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3330 BENTLEY AVE, Eugene, Oregon

Price: $325,900.00

Beds: 3

Baths: 2

Sq Ft: 2040

Description: Don't miss the beautiful view from this beautiful home that features high ceilings, a spacious living room with fireplace, a formal dining room, a great kitchen with stainless steel appliances, p ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Displaying blog entries 51-60 of 117

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Photo of Haas Real Estate Team  Real Estate
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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