HomeTown Lenders - Eugene

05/09/2023

Hey all, We have moved to a new page! Please go to https://www.facebook.com/NOVAhomeloanseugene and like our new page for all new posts

08/27/2022

I found this chart extremely interesting. A lot of people believe that high inflation and high appreciation are going to lead to a real estate crash. People seem to be sitting around waiting for the market to adjust. However, the closest time that we can come to looking at this particular economic situation historically is in the early 1980s.

41 years ago we had rampant inflation and we had had an incredible run up in real estate in many markets in the Years prior. When you look at this chart it shows that we continue to maintain that high appreciation through the high inflation years and it wasn't until inflation began to drop that we saw price appreciation moderate. Even then, we did not see a decline in real estate prices until the Great Recession in 2008 and 2009. That particular recession was caused by a real estate bubble, not the other way around.

The point is that real estate is considered a hedge against inflation so why would we ever expect that real estate prices will fall as all other prices increase? In addition, demand and demographics do not support the idea of a crash so when we put it all together we can expect a pretty robust market going forward. Rather than having a " the sky is falling attitude" perhaps it's actually the time to step into the market if you haven't already.

08/25/2022

Worried about rising mortgage rates? Shop protected from higher rates with our lock and shop program. We may be the only company that offers this sort of program with no up front fee and a re-negotiation to market rates (if they are better) without any cost. PM me to find out more.

08/09/2022

Take the first step towards a home loan without affecting your credit score. Get credit pre-qualified now! Our proprietary software uses a 'soft' credit pull to match your credit history with loan criteria, providing a reliable credit prequalification without impacting your credit. Additionally, qua...

07/19/2022

Thank You to HomeTown Lenders for being a sponsor of the 2022 Eugene Rodeo!

07/18/2022

Interesting post from one of our loan officers.

I found this chart extremely interesting. A lot of people believe that high inflation and high appreciation are going to lead to a real estate crash. People seem to be sitting around waiting for the market to adjust. However, the closest time that we can come to looking at this particular economic situation historically is in the early 1980s.

41 years ago we had rampant inflation and we had had an incredible run up in real estate in many markets in the Years prior. When you look at this chart it shows that we continue to maintain that high appreciation through the high inflation years and it wasn't until inflation began to drop that we saw price appreciation moderate. Even then, we did not see a decline in real estate prices until the Great Recession in 2008 and 2009. That particular recession was caused by a real estate bubble, not the other way around.

The point is that real estate is considered a hedge against inflation so why would we ever expect that real estate prices will fall as all other prices increase? In addition, demand and demographics do not support the idea of a crash so when we put it all together we can expect a pretty robust market going forward. Rather than having a " the sky is falling attitude" perhaps it's actually the time to step into the market if you haven't already.

07/07/2022

06/23/2022

The average buyer may be 36 but you're never too young or too old to come down to Hometown and get started.