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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

Stationery Footer

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

Monday Morning Real Estate Update 8/4/08

by Galand Haas

Galand Haas,

Good Monday Morning!

It looks like we are going to have some hot August weather for the week!  Enjoy it while it lasts.

The Real Estate market in the Eugene and Springfield area show a continual slowing for sales.  Pricing continues to decline and as I have been saying for months, this is the best market you are going to see if you are thinking about purchasing a home.  This is also an outstanding market for Real Estate investors.  With competitive property pricing, great mortgage interest rates and high rents, it's a good time to invest.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

Displaying blog entries 1-3 of 3

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