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Oregon Real Estate Update

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

What a gorgeous weekend it was and the weatherman says lots more of the same is on it's way.

The recent bail out of lending giants Fannie Mae and Freddie Mac indicate the continued crisis within the nations mortgage industry.  Several other large national mortgage lenders are in deep trouble and others are just getting out of the lending business.  The crisis within the home mortgage industry stands as one of the largest stumbling blocks for a recovery for the housing market.  Mortgage loan programs can be hard to find at thsi time, especially for first time home buyers.

There are loan programs out there and if you have the right resources you can find loans that meet your needs with very attractive rates.  I have many connections with some very strong mortgage resources.  If you are wanting to purchase a home for your residence or for an investment, get in touch and I can connect you with the best mortgage resources in our market area.

Have An Awesome Week!

THIS WEEK'S HOT HOME BUYS!

 

Property Image

6574 Jules Place

Price: $230,000.00

Beds: 3

Baths: 2

Sq Ft: 1544

Description: Light & bright immaculately maintained home. Huge great room with vaults, skylight & fireplace. Spacious kitchen with plenty of cabinets & breakfast bar. Master has large walk-in closet an ....

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Property Image

1616 Kellog Road

Price: $300,000.00

Beds: 4

Baths: 4

Sq Ft: 2550

Description: This very welcoming 2-story family home has 4 bedrooms and lots of options. 2 additional rooms could  even make this into 6 bedrooms. Home has two master suites on each level with private baths. ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Sprinfield Oregon Market Update

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

Happy Labor Day!  As we go into September and the Fall months look for the Real Estate market in the Eugene and Springfield area to continue on as a strong buyers market.  With low interest rates this current market offers some excellent opportunities. This is very true if you are a move up buyer.  For example, if your home is worth $200,000 and you have lost 10% in value, the $400,000 home you are purchasing has lost the same percentage of value or more.  This is money in your pocket.  Contact me and I can show you some great opportunities here.

Have An Awesome Week!

THIS WEEKS HOT HOME BUY

 

 

Property Image

3469 River Pointe Drive

Price: $545,000.00

Beds: 4

Baths: 4.5

Sq Ft: 3083

Description: ENTRY Covered Front Porch       Leaded Glass Window & Side Lights 2nd-Story Ceiling with Large Arched Window Oak Flooring   FORMAL LIVING ROOM Open ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Real Estate Update 8/24/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

The statistics are in for July home sales in the Eugene and Springfield market.  It appears that the decline in home sales and home values continues on.  Overall home sales declined by 19.4% from July of 2007, while pending home sales really dipped with a decrease of 31.9%.  The inventory of active homes for sale was at 8.8 months and the average time for a home to sell was at 79 days. 

I continue to say that this is the market for home buyers and those who do not take advantage of this market will miss out.  You will never know when it hits bottom until it starts climbing back up.  We have been helping savvy home buyers get some very-very good buys as of late.

Have An Awesome Week!

THIS WEEKS HOT HOME BUYS!

Property Image

615 Murin Street

Price: $255,000.00

Beds: 3

Baths: 2.5

Sq Ft: 2052

Description: Beautiful 2-story family home features a multi-purpose den with French doors, a large living room with fireplace and ceiling fan. Kitchen features oak cabinets, built-in appliances and a small desk. T ....

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Property Image

1616 Kellog Road

Price: $300,000.00

Beds: 4

Baths: 4

Sq Ft: 2550

Description: This very welcoming 2-story family home has 4 bedrooms and lots of options. 2 additional rooms could  even make this into 6 bedrooms. Home has two master suites on each level with private baths. ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Eugene and Springfield Real Estate Update 8/18/08

Monday, November 10, 2008
by Galand Haas

Good Monday Morning!

What a surprise to wake up to rain showers.  It certainly cleaned the air and settled the dust!

I am continually hearing from those thinking of purchasing a home that "I really don't want to get serious about buying until this market hIts bottom!"  I can tell you from my past experience that you really never know when a real estate market hits bottom until it begins climbing back up again and then you really missed hitting true bottom.  What I would suggest for those thinking of purchasing a home is to look at the market and what it offers and react to that more than speculating on the bottom.  For instance, right now we have a very good inventory of homes that are extremely well priced.  We also have a situation where mortgage interest rates are relatively low.  The combination makes for a very-very attractive buyers market.  Even if home prices drop even further, mortgage interest rates very well could rise and negate any further price reductions.  Furthermore, if you listen to the media and react to what they are reporting you will miss the best part of the market every time.

Have An Awesome Week!

AND HERE ARE THIS WEEKS HOT HOME BUYS!

Property Image

1136 57th St

Price: $185,000.00

Beds: 3

Baths: 2

Sq Ft: 1392

Description: This light and bright one level home has been completely updated with fresh paint, new carpet, vinyl and more. The living room has wainscotting and access to the single car garage with a automatic ope ....

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Property Image

4644 Sedona Drive

Price: $275,000.00

Beds: 3

Baths: 2.5

Sq Ft: 1815

Description: This well maintained family home is located in the Santa Clara area of Eugene and offers 3 bedrooms, 2.5 bathroom, an office and approximately 1,815 square feet. From the covered front porch step into ....

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AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Creswell Streets

Tuesday, October 21, 2008
by Galand Haas

There's been a lot of debate about area streets this election year, and the city of Creswell is proposing a 3-cent-per-gallon gasoline tax to repair city streets needing repair.  The proposed Creswell tax would bring in an expected $180,000 from Creswell's two gas stations, which would more than replace the $145,000 no longer received in rural timber funds from the federal government. 

Although it's difficult to vote for new taxes, its important that we all find a way to maintain our community streets and real estate property values.  Street maintenence is an ongoing concern in every area across our country, and is a featured election point in Eugene's mayorial race between candidates Jim Torry and Kitty Pearcy. 

Gas taxes are currently collected in Coburg, Cottage Grove, Eugene, Oakridge, Springfield and Veneta, but local opinion appears mixed on the Creswell gas tax.  If the measure doesn't pass, we can expect the city to propose alternative funding since the problem will not go away.  When voting on measures like this, it's important that we ask ourselves to weigh the cost and benefits of maintaining and beautifying our communities.  Home prices, and real estate values are directly tied to our investment in infrastructure!

Review our Creswell and Cottage Grove real estate pages for community profiles and local property searches. 

 

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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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