December 2008 
There are 7 blog entries for December 2008.
Florence Oregon Real Estate | Looking Back At 2008
Wednesday, December 31st, 2008 at 1:27am. 868 Views, 6 Comments.
Lets take a look at home sales in the Florence Oregon area for the year 2008. The first section is only properties that were listed as residential homes that sold. I will break this down by the areas our MLS uses so when searching for Florence Oregon Homes for sale you will have a better idea of how it is broke down on this website to assist you in your real estate searches.
The MLS breaks Florence into the following 8 areas; Coast Village, Greentrees Village, Florentine Estates, Florence town, Beach area, North of Florence, South of Florence which is south of the Siuslaw River, East of Florence including Mapleton, Swisshome and Deadwood.
Beach area - 23 homes sold at an average of $177 per square foot and for an average sales price of $295,757
Mortgage Origination Secrets | Eugene Loan Guy
Wednesday, December 24th, 2008 at 4:20pm. 1046 Views, 3 Comments.
Guest authored by Fred Chamberlin, Senior Mortgage Consultant, Alpine Mortgage Planning, Eugene, 541-342-7576.
Warning – Read the following at your own risk, mortgage origination secrets are about to be revealed. Mortgage rates, how do you figure what is good and what is bad? What has changed recently and how?
There has been a lot of discussion about the mortgage meld down, the sub prime crisis and real estate greed and I want to discuss some of the things that happened and are currently happening, some good, some bad.
Greedy mortgage brokers were blamed for the sub prime crisis because they were putting people into loans with higher interest rates because they were receiving rebates from the lenders for the higher interest rates. Rebates,…
Eugene Mortgage Rates
Friday, December 19th, 2008 at 7:05pm. 764 Views, 6 Comments.
ates are still down in the “amazing” range. (See below). This is due primarily to the run-up in prices in the bond market over the last 5 days. On Wednesday morning we saw 30 year rates at 4.75%. However, by 1:00p.m. they were back up over 5.00% and have remained there through today.
So, imagine what might have taken place on Wednesday morning, in every mortgage company office, all over the country. Yep, you guessed it; every lender was on the phone locking interest rates for refinances, (and purchases to a lesser extent). This tremendous influx of loans into the system means one thing. Slower turn times!!!!!
We've seen it before, and it's likely to happen again in the coming months. But, for right now, I urge you to write your sales…
Oregon Cascades, Get Your Snowboards And Skis Ready
Friday, December 12th, 2008 at 8:37pm. 835 Views, 13 Comments.
With the approaching snow expected this weekend and ski resorts in the Oregon Cascade Range ready to open there are hundreds of Eugene and Willamette Valley snowboarders and skiers ready to hit the mountain slopes. Are you dreaming of Mt Bachelor, Hoodoo, Willamette Pass or maybe Mt Hood Skibowl and Timberline Lodge?
I just wanted to get your blood pumping a little more with this wild snowboarding video. It obviously was not shot in the Cascades but I really didn't think you would mind.
Watch it in High Res, Full Screen mode, with your speakers on and don't forget to breathe.
Eugene Home Loans, Weekly Report
Friday, December 12th, 2008 at 7:38pm. 584 Views, 1 Comments.
Rates are down a bit more this Friday, (see below). And, what seemed to be a short term reduction in mortgage rates, has turned into lower rates that will be with us for some time to come. Too many factors to try and pin point a single cause, but then again it doesn't really matter. Rates are what they are, and we should be alerting our buyers that this is the time to be getting off the fence.
It's most certainly the time to begin the process, so they are ready, and have had the opportunity to be educated on what to expect, both on the finance side and during the property search phase. They should be well schooled during this time when they are holding back, thinking that things will be more in their favor at a later date. When that later date…
Eugene Oregon Real Estate Strong Despite National Media Tactics
Monday, December 8th, 2008 at 2:29am. 791 Views, 3 Comments.
We have all watched the national media spew doom and gloom this whole year using scare tactics when addressing the real estate market. The media DOES have ulterior motives for this type of reporting. Their focus this year was strongly meant to swing the presidential election, more so than they have ever done in the past. Secondly and maybe more importantly; the media is not just in the business of reporting (fact is they are not even very truthful at it), they are in the business of making money by selling advertising and gaining ratings. They know the worse the news is and the more they can sensationalize it, the more our sick little minds want to know about it.
Because of their self-fulfilling prophecies they have scared the majority of the public…
Eugene Mortgage Loans - Rates Down
Friday, December 5th, 2008 at 9:17pm. 668 Views, 3 Comments.
Well! Wild week! The horrific jobs report is all over the news so I won't spend time on it, other than to tell you that a “dismal” report was already expected, and the appropriate figures were already priced into the markets. However, since the report showed job losses way above what was expected, (533,000 vs. 325,000 anticipated) we really were looking for mortgage rates to go lower today. Not the case however. The stock market rallied this afternoon and drove rates a bit higher. Higher, but still near 40 year lows.
Rates dropped significantly the Tuesday before Thanksgiving and stayed down all through this week. We'll see what next week may bring.
You've heard by now about the plan for 4.5% 30 year mortgage rates. A little clarification…
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