My New Blog

A number of experts agree that the bottom has hit in pricing on homes. In some parts of the country the market will remain soft, but here in Lane County we are actually seeing much shorter times on the market for home sellers in the median price range of $165,000 to $260,000.

The extension and expansion of the housing credit into 2010 is continuing to drive the market. We have seen a dramatic increase in the number of first time buyers and now with the credit being offered to move up buyers as well, we will see even more people that have been on the fence will choose now as the time to buy.

With interest rates still holding below 5% our buyers have more purchasing power than ever before, making their "dream home" attainable.

The predictions of limited Mortgage money being available have turned out to not be true, in fact there are still a number of banks that are doing loans in the lower credit score ranges and showing great flexibility with buyers in finding the right program to fit their needs.

Please feel free to call or email me for more information on this tremendous opportunity.

Have a great week!

Eric Nichols

541-543-0893

enichols@fcmapproved.com