Good Monday Morning!
Nationally, home sales dipped in March of this year slightly. Could this be the beginning of a down turn in the national housing market? Economic numbers for the first quarter did not look great and this could be having some effect on home sales. Most likely we will not be seeing any huge swings in regards to home sales nationally unless there is a sharp increase in mortgage interest rates. For now, I would think that the overall market may flatten out some, but remain strong.
One of the largest problems effecting the housing market in many areas is lack of inventory of homes for sale. This is especially true with homes in the price ranges that attract first time home buyers. Locally, in the Eugene and Springfield area, we are seeing very low inventories of homes in the lower and middle price ranges. Buyers are struggling to find homes and many times when they do, there are multiple offers. It is a great time to be a home seller as homes are selling quickly and prices are beginning to escalate.
Have An Awesome Week!
Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-April-2016
THIS WEEKS HOT HOME LISTING!
28135 Spencer Creek Rd
Price: $1,250,000 Beds: 4 Baths: 4 Partial Baths: 2 Sq Ft: 6143
Just minutes from town! This gated country estate is spectacular with an exquisite manor featuring grand staircase, 4 bedroom suites, office, theater room, gourmet kitchen and more. Great shop for RV and storage, creek, waterfall pool, ponds for fis…
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