All Blog Entries by Dennis Pease 
There are currently 77 blog entries published by Dennis Pease.
Real Estate Brokerages – I Finally Made The Move Away From Big Box
Friday, December 9th, 2011 at 10:47pm. 248 Views, 9 Comments.
In Lane County, Oregon a new Real Estate Brokerage came on the scene 3 years ago. In fact this month marks their 3 year anniversary… Congratulations Bryan & Kelly Ranstad for having the foresight to open Hybrid Real Estate, you have the fastest growing real estate brokerage in the State of Oregon. You have the 2nd most Agents of any real estate brokerage in all Lane County, which encompasses a vast area including the Eugene / Springfield area and clear over to Florence on the Oregon Coast. You have created an environment where Real Estate Brokers are able to run “their” businesses the way they see fit. The business model is different in the way that counts the most: Financial. No more paying for national or regional advertising. The money I was paying…
Home Buyer Mortgage Loans - Lane County Oregon - Get Pre-Approval - Updates
Friday, December 9th, 2011 at 8:58pm. 168 Views, 0 Comments.
Yep. Rates are still the same, as shown below. However, they were moving up this afternoon based on the more optimistic view of the European debt crisis as of today's deal, struck by the leaders of the 17 countries that make up the Eurozone, (those countries using the euro as their currency). These countries have established a plan to integrate the budgets of all 17 to help stabilize those member countries that are in jeopardy of defaulting on their debt. Europe is not out of the woods yet, but it did help the stock markets this afternoon.
FHA loan limits are back to where they were before October 1st. At that time they were lowered back to loan limits from about three years ago. On November 18th HUD realized the error of their ways and started…
ADT Home Monitored Security Systems Help Protect Your Family
Thursday, October 27th, 2011 at 10:50am. 347 Views, 2 Comments.
One of the most crucial parts of real estate, which is often overlooked, is home security. After all, when you’re looking for a new home, you want to make sure, above all else, that you will be moving yourself and whatever family you might have to a safe and secure environment that will become a comfortable and reliable place of residence. The best way to go about ensuring that this is the case is probably to sign up with a home security company such as ADT. Here are a few examples of some of the benefits that you can receive from such a company, and some of the specific security tools that they will provide you with.
o The first thing that most people consider with regard to professional home security is basic alarm systems. In fact, this may be…
Choose your Real Estate Broker Wisely
Wednesday, March 9th, 2011 at 10:22pm. 1185 Views, 19 Comments.
I have sold homes in very large markets and now for several years in a small market. It’s funny how in small markets it seems to breed small minded, selfish, cutthroat agents. I suppose they exist in larger markets as well, but they are easier to ignore.
For example today I called and left a message for an agent that handles numerous bank owned homes. I simply was asking for a referral for a contractor that is Oregon State EPA Lead Based Paint certified. This is an agent that I know, but I am not in her office. What happened to common courtesy? I guess it flew out the window since there was no money in it for her. It’s okay, there are other ways to find contractors, but the polite thing to do would have been to at least return my call.
So real…
Blue Moon New Years Eve 2010 Mortgage Report
Thursday, December 31st, 2009 at 11:26pm. 2086 Views, 4 Comments.
Mortgage rates are just a bit higher this week over last, as shown below. New claims for unemployment were down significantly this week and that has hurt the bond market. There are no guarantees that next week's rates will get better, though we expect the “after holiday” markets to be much more stable than the past two weeks. We'll hope for the best, and yes; rates are still fantastic!
I know you've heard the rumblings of changes that are taking effect tomorrow (01/01/10) in the mortgage finance industry. These changes mainly affect the disclosure process from us, your mortgage professionals, to the borrowers. However, because of these changes it appears there will be an impact on how you do business as well. The differences may be many, and they will…
Mortgage Rates Continue To Remain Attractive On Weak Dollar
Friday, November 13th, 2009 at 9:51pm. 1791 Views, 5 Comments.
Rates are just a bit better than last Friday, as shown below. The Univ of Michigan's highly watched Consumer Confidence report came in much lower than expected today, but it didn't seem to have an effect on the markets. However, I'm sure the retailers are paying attention, and are no doubt, nervous to say the least.
There's a lot of talk right now about the strength, or lack thereof, of the US dollar. There seems to be some unspoken plan to keep the dollar value low to entice the rest of the world to buy US goods and participate in our market trades. For many investors outside the US with stronger currencies it makes perfect sense. For our markets this is not necessarily a bad idea in the short term. However, having our currency remain weak in the…
Friday Update - Mortgage Rates Steady - Home Buyer Tax Credit Extended
Friday, November 6th, 2009 at 8:32pm. 1331 Views, 0 Comments.
As shown below mortgage rates are about the same as last Friday. Seems you're seeing that on a fairly consistent basis over the last few months. The employment report was issued this morning by the Labor Dept, and it came in even worse than expected. Unemployment is up to 10.2% nationally which is the worst since April of 1983, also in that report were figures that show worker productivity was up substantially. This means that if the GDP grew in the last quarter as it was reported, then it was done with fewer workers than before. We'll skip the actual stats because the concept is very evident.
If companies can run at full or increased capacity with fewer workers, they are not going to start hiring new workers until they absolutely have to in order to…
Breaking News: Homebuyer Tax Credit to be Extended and Expanded
Thursday, November 5th, 2009 at 6:41pm. 742 Views, 1 Comments.
Both the House & Senate passed an extension and expansion of the homebuyer tax credit. This could be signed by President Obama as early as tomorrow morning. Below is a summary of the new home buyer tax extension and modifications.
Mortgage Rates Looking Good
Friday, October 30th, 2009 at 8:19pm. 547 Views, 2 Comments.
Mortgage rates are just slightly better than last Friday, as shown below. This is after a bad start on Monday, and then the economic picture became worse on Tuesday and mortgage rates came down for Tuesday and Wednesday. The economy looked rosy yesterday after the report on the 3rd quarter Gross Domestic Product showed an unexpected 3.5% growth. So, the bond market went down and rates went up. Apparently “rosy” only lasts 23 hours, because today, the markets are doing the exact opposite of yesterday, so rates are down again. Bless those day traders! They sure keep it interesting.
I'm sure you've already seen the information on the proposed extension of the FTHB Tax Credit program. It has a ways to go before it is adopted, but hopefully we'll see some…
Eugene Oregon Mortgage Rates Lower Again This Week
Saturday, October 3rd, 2009 at 8:14pm. 741 Views, 8 Comments.
Oooohhhhhhh, the rates are soooo low right now, as shown below. But obviously it's not the rates that are keeping the buyers away. More likely it's the unemployment rate that makes them nervous. I certainly can't blame them!
The national unemployment rate moved from 9.6% to 9.8% with this morning's Labor Dept report for the month of September. Of course, the buyers in this area are looking at an unemployment rate much higher here in Lane County and the state of Oregon . So, it makes sense that they're nervous about taking on any major debt at this time. However, for those who feel secure in their jobs, this is an excellent time for them to either purchase for the first time, or move up to the home they wanted three years ago, but were priced out of…
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