541.349.2620 or Email us

Blog

Displaying blog entries 1-10 of 57

Good News On the Mortgage Front

by Galand Haas

Good Monday Morning!

There is some really good news on the mortgage front.  100% home financing is back.  A new home loan program is now available for those buyers qualifying for FHA financing in the Eugene and Springfield market areas.  This new home financing option is called the OMT 100 loan.  It consists of a 96.5% first loan and a 3.5% second loan. The interest rate is at whatever the going FHA rate is at the time of the loan application.  All homes that would qualify for FHA finacing will qualify for this loan program.

Another twist to this loan is the fact that in many cases, the home seller can contribute towards the buyers closing costs and create a situation where the buyers bring little or no money to the table for the home purchase.  This loan program will make homes affordable to many who were stuck because they could not come up with the money needed for a down payment.

Reemember, mortgage loan interest rates are still bouncing around at historic low levels. This is not going to last forever, so if you have been left out of the ability to purchase a home because of not having enough money for the down payment, this is your opportunity to jump in and take advantage of the current attractive home purchase environment.

Call me or e-mail me for information on the OMT 100 mortgage loan program.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING! 

Image Unavailable
2097 LAKE WIND DR
Price: $265,000 Beds: 3 Baths: 3 Sq Ft: 1789
Serene and Stylish! Enjoy the beautiful, gated subdivision of Lake Shore Estates. Contemporary styling, slate tile, Shaw flooring, Hunter Douglas blinds, cherry cabinets, high ceilings, recessed lights, Great Room layout. Two level home functions as...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Nationally, Home Sales for June Are Up !

by Galand Haas
VideoVideo

Good Monday Morning!

Nationally, home sales were up in June of 2014.  The average home sales price increased as well.  This is good news that the nations housing market trend continues to rise.  Over the past several months, this same trend seems to be headed downwards in the Eugene and Springfield home market areas.  It will be interesting when June statistics come out in a week as to whether our local market is also starting to rebound again.

Mortgage interest rates remain very stable and are still hovering at just slightly over 4%.  For home buyers there is still time to take action on a home purchase while home prices remain a bargain and interest rates continue to hold at historic low levels.  Right now there is plenty of good home inventory to choose from in the Eugene and Springfield market as well.

Have An Awesome Week!

 

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-July-2014

Image Unavailable
1669 ELANCO AVE
Price: $203,000 Beds: 3 Baths: 2 Sq Ft: 1182
Darling home in culdesac. Enjoy privacy in this efficient & updated ranch style home. Living room with gas fireplace opens to dining area with slider. Kitchen with under-mount sink, eating bar and pantry. Master bedroom with vanity, bath & large clo...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

IS NOW THE PERFECT TIME TO PURCHASE A HOME?

by Galand Haas

Good Monday Morning!

Is this the right time to purchase a home?  Here are some compelling reasons that will say yes.  In fact you may never find a better time to purchase than rihgt now.  Just when we thought the mortgage interest rates would start going back up and home price would begin soaring, just the opposite has taken place.  With current low interest rates and affordable home prices, right now is when you need to take action.  Here is an articel from Realty Times that gives yoou some great reasons for purchasing a home now!

The nature of market bottoms is that it's hard to tell one's occurred until prices and sales volume start to rise again. That's why the best time to buy is when market conditions suggest a bottom.

That means there's still some risk for homebuyers, since no one has a crystal ball that predicts the future. To take advantage of low mortgage interest rates and home prices still well below previous records, you may have to take a risk, such as riding out another short-term dip in property values.

But the rewards may be well worth it. Here are five reasons to buy a home right now.

1.   More jobs are available Total nonfarm payrolls rose by 217,000 in May, and the unemployment rate is 6.3 percent, according to the U.S. Bureau of Labor Statistics. Employment increased in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing.

2. Houses are a great hedge against inflation The Labor Department also says the May Computer Price Index is up 2.13 percent year-over-year. The index for all items less food and energy rose 0.3 percent in May, its largest increase since August 2011.The CPI excludes volatile food and energy, so you can bet that the accelerating cost of things, otherwise known as inflation, also includes housing. You may be paying more for goods and services, but if you're a homeowner, you're better off financially. A major asset such as a home, purchased at a fixed cost, becomes more valuable when prices inflate.

3. Housing price increases are slowing The median existing-home price was $213,400, over 5 percent above May 2013. Considering that the national median existing-home price was $158,800 in January 2011. That's when the PMI Insurance Company said home prices relative to income are below market fundamentals in more than half of U.S. states. Prices overcorrected during the recession, and then they soared by the double-digits in 2013.Now housing is correcting once again from an overcorrection. Now's the time to take advantage of better homebuying conditions.

4. Mortgage interest rates are still low During the recession, mortgage interest rates for a benchmark 30-year, fixed-rate loan, averaged 4.32 percent. Now they're close to that and there's no recession. That means mortgage rates have nowhere to go but up.

5. Pent-up demand ready to release

 Since the recession, household formation fell dramatically to one percent of the national population. But considering that the leading age of the largest generation ever - 81 million Echo Boomers -- is now over 30, the numbers should be closer to the 2.3% annual growth of the 1970's, when 78 million Baby Boomers reached adulthood.The National Association of Homebuilders (NAHB) said about 2.1 million households delayed formation due to the recession which allegedly ended in 2011. Now there's pent-up demand for housing that should continue to drive home prices higher.

The takeaway A housing recovery doesn't occur in a straight line. There are surges and dips. Buyers could wait for better conditions, but the present alignment of falling mortgage interest rates, slower home prices, and larger selection is highly unlikely to reoccur.

 This may not be the bottom, but it's close enough

Have An Awesome Weekl

THIS WEEKS HOT HOME LISTING!

Image Unavailable
1669 ELANCO AVE
Price: $203,000 Beds: 3 Baths: 2 Sq Ft: 1182
Darling home in culdesac. Enjoy privacy in this efficient & updated ranch style home. Living room with gas fireplace opens to dining area with slider. Kitchen with under-mount sink, eating bar and pantry. Master bedroom with vanity, bath & large clo...

 



 

VideoVideo

 

The inventory of homes listed for sale in the Eugene and Springfield area is on the rise.  The number of days it takes for a home to sell is also increasing and the average sales price of homes has also increased.  However, homes sale numbers have decreased from last year.  At the same time that sales have slowed, mortgage interest rates have dropped for 4 consecutive weeks.  This all could be a danger sign for a downward trend in our local market.  The culprit could be that home prices increased too rapidly following the down turn and now need to adjust down.

Time will tell, but look for home prices to begin dropping in our local market area unless sales begin to increase significantly over the next several months.  

If you have a home on the market for sale or you are considering the sale of your home, pricing it competitively in our current market is essential.  Because we may be in a declining market again, you will also want to watch the market and make sure that you are priced with the current market trend.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-June-2014

Image Unavailable
141 KOURT DR
Price: $247,500 Beds: 3 Baths: 2 Sq Ft: 1846
Beautiful energy star rated home! New laminate floors and carpet, interior sprinklers, vaulted ceiling, skylights & architectural ledges. Living room with gas fireplace, kitchen with eating bar opens to dining room with slider to back. Master suite ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Mortgage Interest Rates - July 18th, 2011

by Galand Haas

Good Monday Morning!

Mortgage interest rates continue to be at all time record lows.  For those of you who have not taken advantage of these low rates it might be time to consider a refinance of your home. I personally refinanced my home slightly over 2 years ago at the outstanding rate of 4 1/2% on a 15 year conventional loan.  Recently, I decided to refinance again at 3.5% with a conventional 15 year loan.  The difference of 1% will have a huge impact on the amount of interest I pay over the life of my loan.  If your current interest rate is 1 percent or more than the current rate then you should also consider taking advantage of the current low rates.  If you need a competitive mortgage professional to do an evaluation for you, please contact  me and I can furnish you with a list of competitive mortgage brokers.

Have An Awesome Week!

THIS WEEKS HOT NEW HOME LISTING!

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-July-2011

Image Unavailable
1061 Oak Meadows Place
Price: $155,000 Beds: 3 Baths: 2 Sq Ft: 1404
Wonderfully maintained home inside and out! Manufactured home sits in quiet culdesac, offering open floor plan, vaulted ceiling, large kitchen, master suite includes bath with his-and-her sinks. Second bedroom has walk-in closet. Outside includes pa...



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Facebook

December 2010 Real Estate Sales Numbers for Lane County

by Galand Haas

Good Monday Morning!

It was a bit soggy over the weekend.  The good news is that the weatherman is predicting improvement this week and some sun.

The numbers are in for our December Eugene and Springfield Real Estate market.  Yes, the market appears to continue it's slide, but with a little less steam.  Closed sales for December of 2010 were down 6.1% from December of 2009, while Pending sales were off only 2.2% for the same time period.  Closed sales were off just under 1% from the previous month while Pending sales were off by 13.2%.  New listings took a sharp decrease and were down 25.2% from the previous month.  The average sales price continued to drop and was down 6.7% from December of 2009 and now stands at $205,800.  There is currently 8.1 months of active home inventory, which indicates that we are clearly remaining as a buyer's market.  

The good news is that our market decline seems to have slowed some.  National economists predict that the housing market will continue it's decline over the first 3 quarters of 2011.  If the trend holds and the decline is low then the overall impact to our market may be minimal and hopefully we will see bottom sometime this year.  With mortgage interest rates remaining very low the opportunity for home buyers just continues to improve.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3105 Herald Lane
Price: $575,000 Beds: 4 Baths: 2 ∏ Baths: 1 Sq Ft: 3507
Gorgeous luxury home featuring open design, vaulted ceilings, granite counters, Brazilian cherry wood floors, formal dining, office/den, lg kitchen & great rm, upstairs master suite, lg bonus & garage w/ options. Kitchen incl. cherry cab., gas, appl...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Video Update On National Housing Market

by Galand Haas
VideoVideo

Good Monday Morning!

Today you are receiving the first of a monthly National Real Estate video that is produced by Keller Williams Realty International.  I will be sending this very informative monthly video message out at the beginning of each month.

Have An Awesome Week!


Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-January-2011

Image Unavailable
3615 Waterbrook Way
Price: $435,000 Beds: 4 Baths: 3 Sq Ft: 2863
Gorgeous custom home in Ashley Estate offering a fantastic floor plan w/ lots of extras! Featuring Brazilian cherry wood floors, granite counters, vaulted ceilings, stainless steel appliances, formal dining w/ french doors, oversize 3-car garage, RV...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

February 2011 Video Details National Real Estate Market

by Galand Haas
VideoVideo

Good Monday Morning!

You can't beat our Spring like weather.  Especially when you see what the rest of the nation is dealing with.  It certainly makes you feel very fortunate to live in the Eugene and Springfield area.

Although mortgage interest rates have ticked up slightly, they still remain at historic low levels.  We know that inflation is looming and at some time the bubble will burst and rates will go well above their current level.  Todays rates in combination with significantly lower home values is allowing large numbers of people who simply have not been able to purchase a home before to be able to jump in and become home owners.  The kind of opportunity that home buyers have today is rare and just like the sellers market of several years ago, it wont last forever.  

THIS MONTHS HOT HOME LISTING!

 

Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-In-Real-Estate-US-February-2011

Image Unavailable
1004 Leopold
Price: $257,500 Beds: 4 Baths: 3 Partial Baths: 1 Sq Ft: 2715
A beautiful & luxurious home built along a wonderful park. This spacious home includes 2 master suites (1 upstairs & 1 downstairs), large kitchen, formal dining, open living room with gas fireplace, an upstairs bonus & plenty of storage throughout. ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Things Never Stay The Same In The Real Estate World

by Galand Haas

Good Monday Morning!

Merry Christmas to all!  

One thing for sure is that events never sit still in the Real Estate world.  Over the past month, mortgage interest rates on both 30 year and 15 year financing have increased.  The increase has been about 1/2 of one percent.  Even with this, the rates are below where they were at this same time period last year and historically they remain extremely low.  With the increase though comes a potential slow down in home sales.  Increased rates mean that fewer people can qualify for financing and the higher rates also have a negative effect on consumer confidence.  The truth is that the higher rates will push home prices down even further and in most cases this will more than compensate for the slight increase in interest rates.  

Inflation or the fear of inflation may push rates even higher in the months ahead.  This would certainly have a negative effect on home sales and home inventories would build.  Pressure on home prices would be the immediate result.

If you are thinking of selling your home or have have a home on the market, your best bet is to cut to the chase and price your home to sell quickly before your homes value declines even further. Remember, that if you are buying on the other end of the transaction the home you are purchasing is going to have a lower value as well.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
29460 Awbrey Lane
Price: $258,000 Beds: 3 Baths: 1 ∏ Baths: 1 Sq Ft: 1845
Seemingly ageless 1910 home that has been completely refurbished featuring an open floor plan w/ gorgeous wood floors, large modern kitchen, formal dining, family room & huge laundry/utility. Upstairs master along with guest beds. Outside offers spa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Low Credit Scores Make Home Financing Difficult

by Galand Haas

Good Monday Morning!

Summer has returned for another round and it looks like a gorgeous Indian Summer week ahead of us.  Just keep it coming!

It appears that most  Americans now have credit scores that are too low for them to qualify for the lowest rates on a mortgage loan, and nearly one in three are unlikely to get a loan on any terms, according to an analysis by Zillow.

Zillow analyzed 25,000 loan quotes and requests on the Zillow Mortgage Marketplace during the first half of September, and found borrowers were unlikely to receive even one loan quote if they had a credit score of below 620 -- even if they offered to make large downpayments of 15 to 25 percent.

An even more concerning fact is that most Americans are not able to take advantage of the low mortgage interest rates for a home refinance either.  The fact is that with home values declining as far as they have, far too many homeowners just do not have the equity position to be able to qualify for a refinance.  What a shame with rates continuing to hold at historical low rates.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!



Image Unavailable
1110 Jayne Street
Price: $225,000 Beds: 3 Baths: 2 Sq Ft: 1458
Beautifully well-kept 1-level home with excellent improvements on large, lot tucked away at the end of a private drive. Inside offers a great floor plan with large kitchen & pantry, well-lit dining area, welcoming living room with ceiling fans, newl...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Displaying blog entries 1-10 of 57

Syndication

Categories

Archives

Living in Eugene is more than your address,


its a way of life...

Click to explore Eugene and surrounding communities.

You'll discover exactly which neighborhood suites your lifestyle.

Google+