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Eugene and Springfield area Real Estate

Galand Haas

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Displaying blog entries 641-650 of 849

Number of Americans With Negative Equity Drops!

Tuesday, August 31, 2010
by Galand Haas

A smaller percentage of U.S. homeowners were saddled with "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com said on Monday.

Fewer homeowners with so-called underwater mortgages, where the amount owed on the mortgage exceeds the home's value, is nevertheless a positive for the housing market as it could portend fewer defaults and foreclosures down the road.

The percentage of American single-family homes with mortgages in negative equity fell to 21.5 percent in the second quarter from 23.3 percent in the first quarter and 23 percent a year ago, according to the Zillow Real Estate Market Reports.

These underwater mortgages are one of the biggest banes of homeowners since negative quity makes many of them unqualified for home loan refinancing and prevents some from selling.

It is too soon to say for sure, but this could be the first indication that the national home foreclosure rate is going to start slowing down.  Another quarter of improvement will give us a better indication if this is an actual trend.

Have An Awesome Week!

 

Image Unavailable
3511 RIVER POINTE DR
Price: $499,000 Beds: 4.00 Baths: 3 Sq Ft: 3726
Large, goregous home with lots of room & lots of options set in a quiet neighborhood. Featuring a spacious living room, wonderful formal dining rm with French doors that open to patio, large kitchen with island, pantry, breakfast bar & nook. Open fa...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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National Real Estate Experts Say Bottom is a Long Ways Away!

Tuesday, August 31, 2010
by Galand Haas

Good Monday Morning!

After a week at a national Real Estate conference in Nashville, it's great to be back in Eugene. Just visit that part of the country this time of year and it really makes you appreciate Eugene and Springfield.

The overall opinion of the national Real Estate experts at this conference was that we are not even near bottom yet as far as home prices are concerned.  Depending on where you are in the country, there could be 18 months to 3 years of decline yet to come.  I would think that in our local market area we may fall somewhere in the middle of all of that decline.  Needles to say though, another 10% to 15% decline in home prices in our market area is not out of the question. With that said, a healthy Real Estate market increases at a rate of 1% to 3% per year.  Don't be shocked if it takes another 5-8 years for our home prices to rebound to where we are today.

This is why I get so upset when I watch fellow Real Estate agents over price homes in this market. It's not hard to understand that every day a home sits on the market for sale right now, it's value declines.  By hitting the price to high, sellers lose value as their home sits on the market without selling.  When they adjust the price down the road, it is often not enough and it is always to a point that is lower than if they would have received good honest advice in the first place and priced their home with the market.  My caution here is that if you are going to sell a home in this market, do your home work and be cautious about the information you receive from your Real Estate agent.  Always make sure that you pick an agent that has a good track record during this current market.  If you have an agent tell you what you want to hear in regards to price and you follow this advice without research, you just might cost yourself many thousands of dollars.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING! 

 

 

Image Unavailable
3114 Riverbend Avenue
Price: $334,000 Beds: 4.00 Baths: 2 Sq Ft: 2160
Beautiful, custom-built home w/ fantastic floor plan in quiet neighborhood. Featuring a vaulted living room w/ fireplace, open light & bright kitchen & dining area, huge, main-level master w/ bath w/ jet tub & WI closet & patio access, plus a large ...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

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Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
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Foreclosed Home List for Eugene and Springfield 7/30/10

Tuesday, August 31, 2010
by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned properties listed for sale in the Eugene and Springfield market area.  If you should see any homes that you would like further information on or that you would like to view, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

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Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480
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Foreclosed Home List Eugene and Springfield for 7/21/10

Tuesday, August 31, 2010
by Galand Haas

Here is this weeks list of Foreclosed and Bank Owned homes listed for sale in the Eugene and Springfield market area.  If you should want further information on any one of these homes or wish to view any of these homes, please contact me.  If you would like to receive complete information as new homes hit the market that meet your search criteria, log onto www.forhomeinfo.com.  This service will inform you even before the agents receive the information.

 

Foreclosed Homes. Click on the following link to download this week's list.

 Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480
Add Comment

Weekly Eugene and Springfield Foreclosed Home list for 8/30/10

Tuesday, August 31, 2010
by Galand Haas

Here is your weekly list of Foreclosed and Bank Owned homes listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or wish to view a home, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list. 

Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480
Add Comment

Foreclosed Home List For Eugene and Springfield 8/19/10

Tuesday, August 31, 2010
by Galand Haas

Here is your weekly list of Bank Owned and Foreclosed homes listed for sale in the Eugene/Springfield and surrounding areas.  If you should want further information on any one of these homes or would like to view any of these homes, please contact me.

 

Foreclosed Homes. Click on the following link to download this week's list. 

Download Here

Sincerely,
Galand


Galand Haas, Keller Williams Realty
FREE automated reported Home Reports:
What's your home worth? click here
Thinking of buying? click here 

Licensed in the State of Oregon

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: 541-349-2620
Office: 541-431-6480
Add Comment

Home Sales Numbers for Eugene and Springfield May 2010

Sunday, July 25, 2010
by Galand Haas

Good Monday Morning!

The statistics are in for home sale activity for the Eugene and Springfield area for the month of June 2010.  It is not surprising that home sales posted a gain over the same period in 2009.  Sales were up a whopping 14.3% over last June.  Pending sales also saw an increase and jumped by 22.2% over June of 2009.  At the same time new listings increased as well and were up by 7.7% with the overall home inventory remaining exactly the same as May of 2010 at 7.2 month of active inventory.  Also, closed sales in June were up over May of this year by 4.7%.  The median home price continues its decline and was down by 3.1% over June of 2009.

These numbers are not shocking as we watched homebuyers scurry to get their home sales completed before the tax credit deadline at the end of June.  The tax credit close date has been extended, but it was a last minute gesture.  My take on the current market is that we are now witnessing a sharp decline in sales following the tax credit offering.  Whether we see any kind of rebound or not in the near future is hard to determine.  

Look for an overall trend of slower home sales in all price ranges and a continuation of the decline in home prices.  This overall trend could continue for another 18 months to two years.  Look for home inventories to go on the rise again putting even further pressure on home prices.  Upper end home sales continue to lag well behind the sub $200,000 market and this trend will most likely continue as well.  Appraisals continue to be a problem.  This is common in a market with declining home prices and it puts an additional strain on values.

The bright spot is the fact that mortgage interest rates continue to be at historic low levels.  This trend should continue into the near future as well.

Have An Awesome Week!

THIS WEEKS HOT HOME LISTING!

Image Unavailable
29460 Awbrey Lane
Price: $299,000 Beds: 3.00 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

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Mortgage Interest Continue Their Decline

Sunday, July 25, 2010
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

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Closed Sales For Eugene/Springfield Homes Up

Tuesday, July 13, 2010
by Galand Haas

Good Monday Morning!

Have you had enough rain? April showers bring May flowers you know!

The statistics are in for February 2010 homes sales in the Eugene and Springfield market area. The sales statistics show a continuing changing market here.  Closed sales were up by 22.6% over February of 2009.  Most sales were in the price range of below $250,000, but there were slight gains in the upper end market.  Pending sales also rose by a whopping 40.9% over February of last year.  It appears that most of the increase in sales continues to be in the first time buyer area and most likely influenced by the $8,000 tax credit that ends on April 30 of this year.  New listings were also up by a whopping 45% over February of last year.  This has provided more homes for the increased numbers of home buyers.  Inventories do remain low in many areas in the sub $200,000 range.  The inventory of homes active on the market was at 10.9 months not only has this dropped from February of last year when it was at 13.1%, it also declined from January of this year when it was at 14.1%.  Remember that inventory at 6 months is an even market and half way between a buyers and sellers market.  At 10.9 months, we are clearly remaining in a buyers market.  

Even with increased sales activity, the average sales price continued to decline and now sits at $212,000.  This is down 7.9% from February of last year.  The combination of having lower home prices and mortgage interest rates at historical low levels gives home buyers what might be the best home buying opportunity they will see in their life time.

Have An Awesome Week!

Image Unavailable
3690 River Pointe Drive
Price: $465,000 Beds: 4 Baths: 2.5 Sq Ft: 2976
A beautiful home w/ fantastic floor plan featuring wood floors, wall-to-wall carpet, skylights, canned lights, granite counters, stainless steel appliances, surround sound system, security system, vaulted ceilings, large bonus room. The master suite...



AND HERE'S YOUR MONDAY MORNING COFFEE!! 

Sincerely,
Galand

Stationery Footer
Galand Haas, Keller Williams Realty Eugene and Springfield
2644 Suzanne Way, Eugene OR 97408 
Direct: (541) 349-2620
Add Comment

Home Buyer Tax Incentives Will End

Tuesday, July 13, 2010
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

 
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Displaying blog entries 641-650 of 849

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Haas Real Estate Team
Keller Williams Realty Eugene and Springfield
2645 Suzanne Way Suite 2A
Eugene OR 97408
Direct: (541) 349-2620
Fax: 541-687-6411
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