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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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Monday Morning Real Estate Update 8/13/07

Sunday, August 19, 2007
by Galand Haas

Galand Haas,

Good Monday Morning!

The great Summer weather just keeps coming our way.  It has been perfect.  There just is no better place to live than Eugene or Springfield, Oregon.

Troubles with the mortgage industry continue to make home purchases more difficult.  The hardest hit groups are the first time home buyers and the upper end home buyers.  Programs for 100% financing are now very limited and will be difficult for some time.  Rates have jumped on jumbo loans, making it less attractive for upper end home purchases.  These problems with mortgage loans are not going to help an already poor national housing market.

If you are considering a home purchase, you can call me at 541-349-2620.  I do have lenders that we work with who can offer the best loan possibilities in this current volatile market.

Have An Awesome Week!

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Monday Morning Real Estate Update 7/9/07

Saturday, July 21, 2007
by Galand Haas

Good Monday Morning!

It looks like a Summer heat wave is upon us.  Stay cool this week!

Moderate activity continues to be the word for our local Real Estate market.  This is good because the culprit for the slower market nationally is home afford-ability.  With a moderate market, we are seeing slower growth in home values, which will help us sustain a decent market here in the Eugene and Springfield area.  This does mean that if you are thinking of purchasing a home there may never be a better time than right now.

Have An Awesome Week!



Sincerely,
Galand
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Monday Morning Real Estate Update 7/16/07

Saturday, July 21, 2007
by Galand Haas

Good Monday Morning!

Mortgage interest rates continue to hold fairly steady.  This is good news for the many home buyers out there looking to purchase right now.  It seems like the question that I get asked most often these days is, " what is going on with rates" ?  Well, I wish I had a crystal ball.  The good news is that rates continue to be well below the ten year average.  This coupled with a high inventory of homes for sale and softer pricing makes our current market one of the best opportunities to purchase a home that we have seen in many years.  The reality is that the market for home buyers is more favorable now than it was in the heated market of 18 months ago.

If you would like to search for homes listed for sale in the Eugene and Springfield area with daily e-mail updates as new homes meeting your search criteria hit the market, visit this great website, www.forhomeinfo.com.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 7/4/07

Saturday, July 21, 2007
by Galand Haas

Good Monday Morning!

Happy FOURTH OF JULY week!!!!!!!!

Home sales are remaining steady here in the Eugene and Springfield area.  The largest change over the past 30 days has been the huge increase in the number of homes for sale.  The high inventory of homes for sale should peak sometime in July.  This is good news for those buyers who are actively looking to purchase right now.  Prices are softer due to high competition and there is a large selection of homes for sale.  The news is not so good for those who are trying to sell due to high competition levels.. 

The national Real Estate market continues to slump with homes sales continuing to decline and new housing starts continue to be very soft.  The Eugene and Springfield Real Estate market continues to be one of the best in the country.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 7/2/07

Tuesday, July 3, 2007
by Galand Haas

Good Monday Morning!

Happy FOURTH OF JULY week!!!!!!!!

Home sales are remaining steady here in the Eugene and Springfield area.  The largest change over the past 30 days has been the huge increase in the number of homes for sale.  The high inventory of homes for sale should peak sometime in July.  This is good news for those buyers who are actively looking to purchase right now.  Prices are softer due to high competition and there is a large selection of homes for sale.  The news is not so good for those who are trying to sell due to high competition levels.. 

The national Real Estate market continues to slump with homes sales continuing to decline and new housing starts continue to be very soft.  The Eugene and Springfield Real Estate market continues to be one of the best in the country.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 6/28/07

Friday, June 29, 2007
by Galand Haas

Good Monday Morning!

I was great weekend in the Eugene and Springfield area.  Not to hot!  Not too cool! Perfect for Fathers Day!

Nationally the troubled housing market continues to show signs of weakness.  New permits for housing starts hit a 17 year low last month.  This adds validity to the fact that existing new homes just are not moving.  At the same time mortgage interest rates have continued to creep even higher.  If this trend continues look for the overall national market to continue it's downward trend.

Locally, our market continues to hold on.  Watch mortgage interest rates.  The direction of these rates Will determine where our local market heads in the near future.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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Monday Morning Real Estate Update 6/25/07

Monday, June 25, 2007
by Galand Haas

Good Monday Morning!

Congratulations to the Oregon State Beaver college baseball team!!  Wow, two consecutive National Championships!!!

If you are considering selling your home this Summer, you will need to have patience.  Yes, the inventory of homes for sale continues to climb as well as the average number of days it takes to sell a home.  Average days on the market for a home to sell is now 82 days.  If you are a home buyer this is good news as there are certainly more homes to look at right now.  Mortgage interest rates have ticked upward, but are still well below the ten year average.  Softer home prices will more than make up for the slight interest rate increases.  Look for this favorable buyers market to extend through years end.

Have An Awesome Week!

 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand
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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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