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What kind of financing is used for the purchase of single family homes in the
Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?
Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

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What kind of financing is used for the purchase of single family homes in the
Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?
Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

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|
|
What kind of financing is used for the purchase of single family homes in the
Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?
Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE
IN SPRINGFIELD, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
As in the last couple of months, the southwest Springfield area saw a decline in inventory over prior year but unlike those months average price was not helped in December.
The number of closed sales, after taking a dive recently, was about the same as last year.
Here, for the
(SOUTHWEST) SPRINGFIELD
RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of DECEMBER
2003 - 2011:
for the
Months of DECEMBER
2003 - 2011:
NOTE: THE RMLS SPLIT HAYDEN BRIDGE OUT OF THE (SW) SPRINGFIELD MARKET AREA BEGINNING IN 2003.
DATA FOR THAT COMBINED AREA IS NOT SHOWN IN THESE CHARTS.
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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How did buyers of single family homes in Springfield, Oregon finance their purchase in 2011?
Here's how:

Note: The slim fractions were: Owner carry, 6; Low Income, 1; USDA, 5; Other, 15.
The fraction of sales done by Conventional loans was much smaller than in adjacent Eugene.
The fraction done by FHA loan was much higher.
All the USDA loans were done in south Springfield.
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