Good Monday Morning!
Home values are 8.1% higher in Lane County, 2015 through 2016. The trend of increased home values is taking place nationally as well. At this time, home values in Lane County are above the level they were at prior to the Great Recession. This means that all of that home value we lost during the recession is back. This is great news for home buyers who purchased a home at the top of the market prior to the recession. Many of the homeowners who were underwater in regards to their homes value vs what they owed are smiling again.
It is very hard to look into the crystal ball and predict where home values will go in 2017, but my guess is that they will continue to rise, but maybe at a slower pace like 2%-3%. If values rise within these percentages, it will make for a very healthy housing market. This is the kind of market we want to see and one that most likely will result in a stable housing market.
Have An Awesome Week!
Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-January-2017
THIS WEEKS HOT HOME LISTING!
1471 Barrington Ave
Price: $529,900 Beds: 5 Baths: 3 Sq Ft: 3756
Luxurious and grand! Great room with surround sound speakers, Brazilian cherry hardwood floor & gas fireplace. Huge theater/bonus room prewired for surround sound. Open kitchen with cherry stained cabinets, island, LED under & above cabinets & toe k…View Home for Sale >>