Home prices rose 2.9 percent in the second quarter from the previous quarter. This is the first such gain in three years and an additional sign that the housing market is slowly stabilizing. The recent results of the S&P/Case Shiller index, which measures repeat home sales, are showing the same positive trends reflected in other housing market indicators. Home sales, construction activity and builder confidence have all risen in recent months. Overall, prices fell 14.9 percent in the second quarter compared with the same time period a year ago. This quarter, average home prices are near historic 2003 levels.
The S&P/Case Shiller system measures national home prices in various time ranges in all nine U.S. Census divisions. The report includes a 20-city index and a 10-city index. Offered on a monthly basis, from May to June, prices were up 1.4 percent in both indices. Putting pressure on prices nationally is the abundance of homes flooding the market and the number of foreclosures and other distressed properties, which are dragging down home prices. These are positive signs and a good reason to buy a home Eugene if your are in the market for one.
We are happy to announce the successful launch of our own new real estate blog. This is in addition to a recently added chat feature which allows customers to contact us for "Live Help" during business hours. We are using our new blog to provide consumers with more information and help them make the right choices concerning the real estate market in Eugene Oregon and our surrounding community. Just to be clear, we in no way are unhappy with our ActiveRain blogging opportunity. We will continue to seek out and use all tools which mesh with our business model.
We field many requests for commercial real estate. The newly formed Eugene Commercial provides a starting place to meet your commercial real estate needs. They do more than just typical leasing and sales. Their staff offers a myriad of technical and practical experience in all aspects of commercial real estate analysis and research for the Eugene area. They specialize in Market Value Analysis, Highest and Best Use Analysis, Land Planning, Location Analysis, Site Selection, and Asset Management.
The members of Eugene Commercial achieve to understand your business requirements and personal taste, and translate them into the ideal business space. They believe in a long term view of business success. Although Eugene Commercials official responsibility is complete when your lease is signed or the sale is final, it is their practice to continue serving you. I believe that's just one of the features that sets EC apart from the competition.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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