Is the Housing Market rebounding in Eugene and Springfield?
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
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 .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
