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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 ....

View this property >>

 

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 ....

View this property >>



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 8/11/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The mortgage industry certainly seems to be over reacting to what they perceive as a crisis.  With Fannie Mae now announcing that they will have new and much stiffer qualification criteria for mortgage loans, the playing field gets even rougher.  Two years ago if a home buyer could fog a mirror they could obtain a mortgage loan.  Today, even those buyers with stellar credit and good income could potentially have a very hard time obtaining home financing.  This tightening of the belt could add even more stress to an already troubled national housing market. 

The good news is that savvy home buyers are finding ways to get mortgage loans.  The key today is to find a good Real Estate agent with connections to a top mortgage broker. This does not mean that it will be easy, but for many buyers it means that they can still buy in this current attractive home market.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 8/4/08

Tuesday, September 16, 2008
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

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Monday Morning Real Estate Update 7/28/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

I spent the last week at a national Real Estate convention.  The majority of the talk was involved in what is taking place with the Real Estate market.  I can tell you in confidence that after talking to other agents from almost every market in this country, the Eugene and Springfield area has has clearly maintained a much healthier market.  The one thing that I can see from this is that even though we saw home prices climb in our area, we did not see the kind of housing inflation that many parts of the country saw.  Our ride down may be much more gentle as a result.  Time will tell the story here. 

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 7/21/08

Tuesday, September 16, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

With banks such as Indi Mac failing, consumer confidence across the country is suffering.  Now the problem with the Real Estate market is as much of a confidence problem as it is a problem of real economic conditions.  This confidence problem has become evem more exaggerated with the recent rumblings that national Real Estate mortgage giants Fannie Mae and Freddie Mac are suffering from loan default problems as well. Within any economic cycle consumer confidence plays a huge role.  I would think that the trends that we see in our local market will follow the confidence level of consumers nationally.  So, watch closely what national economic experts predict , because that is most likely the path that our local market will follow during the months ahead.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 7/14/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The heat has finally arrived here in the Eugene and Springfield area.  Temperatures in the 80's and 90's are predicted for the entire week.

The nation's mortgage woes continue to mount  as Freddie Mac and Fannie Mae stumble.  It looks as if the Fed's are going to revive them with some huge government loans.  This is a short term fix, so it may get interesting to see how the money markets and stock market respond.  With the Fed's money going to Freddie and Fannie, there should be some relief also to the money available for home financing.  Stay tuned for further developments here.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 7/7/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

The home sales statistics are in for May of 2008 and just as expected they clearly indicate a continued deterioration of our housing market here in the Eugene and Springfield area.

The average time that a home is on the market is at 83 days.  This compares to 71 days for May of 2008 and this number is actually slightly better than April.  New listing hitting the market decreased by 11.2%.  This indicates that fewer people are attempting to sell in this market and are holding off until there is some signs of improvement.  Closed sales dropped 36.1% from May of last year and pending sales declined by 32%.  There were 2,364 active listings and this was 8.6 months of home inventory.  This is compared to 4.5 months of active inventory in May of 2007 and just 2.8 months in May of 2006.

Even with these new numbers, Eugene and Springfield continue to enjoy a better housing market than the majority of the country.

Have An Awesome Week!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 6/30/08

Tuesday, September 16, 2008
by Galand Haas

Good Monday Morning!

What a gorgeous Summer weekend we had.  Mother Nature even decided to throw in some fireworks of her own.

Well, there are no significant changes in the Real Estate market here in the Eugene and Springfield area other than the fact that our inventory of homes has started to decline.  This situation is not taking place from an increase in homes sales, but is a result of fewer people making the decision to sell their homes at this time.  A lower inventory of homes for sale could start having an impact on the overall market if this trend continues. 

We have certainly found that the staging of homes we have for sale is having a significant impact on their time on the market.  We have several professional stagers that we work with and we are finding that by spending a little bit of money upfront with staging, we are receiving it back many times over on the sale of the home. This is one of the tactics that works in this market.

Have An Awesome Week and a Great Independence Day!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real Estate Update 6/09/08

Tuesday, September 16, 2008
by Galand Haas

Galand Haas,

Good Monday Morning!

We are very clearly well into a buyers Real Estate market  with inventory of available homes for sale at 9.5 months.  6 months of inventory is the break off point between a sellers market and buyers market.

One thing that holds true for sellers in this current market is the fact that the agent you choose to represent your property can have an enormous effect on how long your home is on the market and the price it sells for.  This is certainly not the kind of market that you want to choose a Real Estate professional based on the price they say your home is worth.  When interviewing agents always look at the agents track record over the past 5 years.  Agents who have been in the business 10 years or longer have weathered slow markets before and have some experience with them.  Look at the agents statistics compared to the MLS averages.  The agent you speak with should know these statistics very well.  Make sure that your agent has an aggressive home marketing plan and that it focuses heavily on Internet marketing.  Discount brokers may struggle in this current market, so beware. 

An experienced agent can help you get top dollar for your property, even in this market.

Have An Awesome Week! 



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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Monday Morning Real estate Update 5/26/08

Friday, June 6, 2008
by Galand Haas

Good Monday Morning!

Have a wonderful Memorial Day!

Speculation has it that mortgage interest rates could begin edging upwards by mid to late Summer.  With the current soft home prices and attrative interest rates, we may certainly be at the very best time to purchase a home. 

If you are considering the sale of your homne you can receive an e-mail analysis that will give you a good indication of your homes current market value at www.forhomesellers-nonSmartZip.com.

Have and Awesome Day!



AND HERE'S YOUR MONDAY MORNING COFFEE!!

Sincerely,
Galand

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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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