Blog
Good News Comes From The Turmoil Of Recent Bank Failures
Good Monday Morning! With all of the uncertainty created by recent bank failures, there may be some good news for mortgage interest rates that comes about as a result of the turmoil. Mortgage rates are tied closely to 10 year Treasury yields. As the 1... Read More
Ability To Purchase Homes Worsens With Recent Bank Failures
Good Monday Morning! As the nations economic condition worsens with the latest chapter of bank failures and the governments decision to bail out failed banks, the ability to purchase homes also worsens. With inflation number remaining high, mortgage i... Read More
The Eugene & Springfield Real Estate Market Remains Interesting
Good Monday Morning! The Real Estate market in the Eugene and Springfield area remains interesting. Typically, when there is a downturn in the economy and mortgage interest rates rise, home prices come down. So far, that has not really been the situat... Read More
HELOCs Pros And Cons
Good Monday Morning! With our current slower economy and the continued inflation we are suffering through, many homeowners are cashing in on their home equity for a variety of reasons. Some are using the home equity that increased significantly prior ... Read More
New Construction Is Down Nationally And Locally
Good Monday Morning! The number of new housing starts both nationally and locally are continuing to dip. This would be expected with any downturn in the economy. Another issue with new construction is that the cost of new housing is also i... Read More
Home Inventory Hits Highest Point In Two Years Last Month
Good Monday Morning! January was an interesting month for home sales in the Eugene and Springfield area. The inventory of homes on the market hit the highest point we have seen in over 2 years at 2.3 months of inventory. At the same time, the number o... Read More
Why Is This Market Unlike Any Other?
Good Monday Morning! Even with 4 consecutive weeks of mortgage interest rate decline, the housing market remains in decline nationally. Our current market is strange though and not like any other that I have witnessed in my 34 years as a Real Estate B... Read More
Why Is This Market Unlike Any Other?
Good Monday Morning! Even with 4 consecutive weeks of mortgage interest rate decline, the housing market remains in decline nationally. Our current market is strange though and not like any other that I have witnessed in my 34 years as a Real Estate B... Read More
Pending Sales Were Up Last Month
Good Monday Morning! There is some good news coming out in regards to the national Real Estate Market. This is very welcome news following months of nothing but negative news. Nationally, pending home sale were up in December of 2022. This is an indic... Read More
This is the 11th Straight Month of Declining Home Sales
Good Monday Morning! Nationally, home sales were down in December of 2022. This marked the 11th striaight month of declining home sales in The U.S. We have witnessed a similar scenario in the Eugene and Springfield market area. The n... Read More