Archive for the ‘Eugene Oregon’ Category

Statistics are interesting things. One of my favorite sayings is that, “Figures never lie, but liars figure.” I don’t know who said it, but it is really true. Now, I don’t know if these figures are the ones that never lie, or are done by liars, but I found them quite interesting when thinking about how people in the Eugene and Springfield area of Oregon buy homes. Read More

Mortgage rates, mortgage rate, mortgage rates! What is going to happen? According to the Federal Reserve Survey, mortgage rates are 1% lower today than they would have been because the Fed has been purchasing mortgage backed securities (MBS). That all stops the end of next month. Read More

On January 1, the new 2010 Good Faith Estimate came into being amid a lot of hoopla and consternation. Now that it is here, many people don’t know exactly what it does and doesn’t do for the consumer and how it will effect and what affect it will have on Realtors®. This is a major change in RESPA (Real Estate Settlement and Procedures Act). Because of the changes, I will be holding webinars for Realtors® in my service area (Oregon, Washington and California) with a limit of 25 per day allowed to register. Here is the sign up form for the webinars: Read More

Especially if you are a poodle. Read More

As is often the case, misinformation can make a wave when it shouldn’t be a ripple. I heard two people discussing today the ending the the Home Buyer Tax Credit. They were saying that it ended March 31, which is wrong. The Eugene/Springfield, Lane County, Oregon real estate market has been benefited by the extension of the First Time Home Buyer Tax Credit and expansion to the “move-up” home buyers. Those tax credits are available to qualified buyers on accepted offers until April 30 on purchases that close on or before June 30, 2010. Read More

There seem to be a lot of great deals offered through the Fannie Mae HomePath program in the Eugene/Springfield, Lane County area of Oregon, that I am going to pick a few each week and put that information out there that these properties are available for only 3% down and no mortgage insurance with Fannie Mae willing to contribute 3.5% to closing costs. The one I chose today is 1,510 square feet with 4 bedrooms and 1 bathroom and it is listed at $139,900. Real Estate Investors also can get a good deal on a HomePath home with only 10% down with no mortgage insurance. Read More