541.349.2620 or Email us

Blog

Displaying blog entries 1-10 of 53

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

Eugene and Springfield Real Estate Slump Continues

by Galand Haas

Good Monday Morning!

For the first time ever, the University of Oregon Duck football team is ranked #1 in the Nation! Yahoooooo!

The statistics are in and the trend just continues on for the local Eugene Real Estate and Springfield Real Estate market slump.  Closed housing sales for September of 2010 were off by 20.5% from September of 2009.  Pending sales declined by 31.7% from last September and new listings also declined by 13.1%

September sales also fell from those in August by 4.8%, pending sales by 16.4% and new listing by 21.7%.  

The inventory of homes active on the market for sale is currently at 10.4 months of inventory. This is compared to 6.8 months for September of 2009 and 10.2 months for September of 2008.  

The average home sales price fell again and now sits at $218,000.  The average time it took a home to sell in September was 118 days.  

The bright spot continues to be the record low mortgage interest rates that just continue to decline and show no signs of increasing in the near future.  The combination of low interest rates and affordable home prices have created the Perfect Storm for home buyers.  We may never see this favorable situation again in our life times.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
3835 E Street
Price: $139,900 Beds: 3 Baths: 1 Sq Ft: 1200
Wonderfully updated home with Hardie-plank siding, granite countertops, new appliances, new carpet, fresh paint, and new fixtures. W/ a vaulted living room, light & bright kitchen and dining room set on a fun floor plan, a welcoming front porch, gre...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Mortgage Interest Continue Their Decline

by Galand Haas

Good Monday Morning!

Just when we thought that mortgage interest rates could not go any lower, look what happens, they drop even further.  In fact the declining rates received my full my attention about a week ago and as I monitored them I finally decided to lock in a rate for a refinance on my personal home.  Yes, I locked in at the rate of 3.8% on a 15 year fixed conventional loan.  I used to brag about my 4 1/2% rate, but never dreamed that I would ever see a mortgage rate at sub 4%.  

This window of opportunity will be short lived, so if you want to take advantage of these historical low rates you will need to act quickly.  The rule of thumb is that if you can drop your rate by 1% or more, then it is a sound idea to refi your existing loan.  In my case I was just short of the 1%, but the 3.8% was very attractive so I jumped at it.

If you do make the decision to refinance, check out the rates quoted by your lender and also compare them and closing costs with a competitor.  My suggestion is to always get more than one quote.  If you have a trusted mortgage broker then that would be a good place to start.  If you do not then ask a friend or relative if they have someone who has done a good job for them. My advice is to stay away from the online mortgage companies.  Speak directly with a broker who has an office in your market area.  If you should need someone on the Eugene and Springfield area, I would highly recommend my broker, JR Irwin at OMT Mortgage.  You can reach JR at 541-521-5577 or visit his web site atwww.teamirwin.com.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer

Home Buyer Tax Incentives Will End

by Galand Haas

Good Monday Morning!

It looks like Spring has been put on hold for a bit.  The good news is that we now have most of our lakes and reservoirs filled to normal levels and our mountain snow pack is looking much better.

The current buyer tax incentives for both first time homebuyers and move up homebuyers will end on April 31st of this year, unless extended again by the Feds.  The first time home buyer tax credit is for $8,000 and the move up buyer credit is for $6,500.  Currently, if you are in contract by April 31st and close by June 31st and you meet the criteria for either credit then this will apply to this years Federal tax.  There is much speculation at this time that the tax credits will not be extended again and as a result we are certainly watching a surge of buyer activity as the deadline quickly is approaching.  The tax credits have certainly benefited many and they have also added some heat to a very ill national housing market.  But, the real benefit to buyers during our current down housing market is not the tax credits.  With mortgage interest rates continuing to be at historic low levels and home price remaining extremely low and most likely dropping to even lower levels, the true savings to the consumer lies here.  It is important at this point for would be homebuyers to not get caught up with the fact that tax credits are going away, but to focus on the fact that we will most likely not see home purchase opportunities be this favorable again in our life times.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
6906 A Street
Price: $159,000 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

 

A Gentler Market for Eugene and Springfield

by Galand Haas

Good Monday Morning!

It was another gorgeous Spring weekend in the Eugene and Springfield area. Everything is very green.  It's not hard to see how we got the name the Emerald Empire!

The Real Estate market in the Eugene and Springfield area continues to hold up better than the country in general.  It is good that we did not see the kind of inflation in prices here that many parts of the country experienced.  The result is that our down market has been much gentler than those areas which saw huge growth and inflation.  Nationally, there is currently $1.25 trillion in non performing mortgages. In fact 24% all all mortgages are underwater with negative balances and cities like Las Vegas have 75% of all outstanding mortgages underwater.  

In the Eugene and Springfield area we are not exempt from the current problems and the number of foreclosures and short sales are very high, but not even a drop in the bucket compared to cities like Las Vegas and Phoenix.  Look for our crash to be gentler and maybe our upswing to be slower, but we will be heading upwards from a far better position than many other national market areas.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
965 Hiwan Ct.
Price: $225,000 Beds: 3 Baths: 1.5 Sq Ft: 1296
Great 1-level home with fun floor plan & deck on huge, fenced lot with lots of extras including fruit tress, berry bushes, grape arbor, plenty of room for storage and much more. Inside offers a cute kitchen & wonderful dining area, laundry access, a...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer

Displaying blog entries 1-10 of 53

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+