National Real Estate Woes not as severe in the Eugene and Springfield market area!
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!
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,
GalandGaland Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408
Direct: (541) 349-2620
