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Cloudy with a chance of Recovery

Our real estate market in Eugene/Springfield has been sluggish for a few years, yet I am feeling almost a wave of excitement, both from consumers and other Realtors, as we get started in our new 2011 housing season.  Buyers are active in the market right now, and not just in the entry level prices.  They are still shopping for a deal, but many are realizing that the deals are already there.  When I have conversations with potential sellers these days, I find they are, for the most part, understanding of the fact that their home may not be worth what it was a few years ago, and have accepted this fact.  With that acceptance comes a realism that if they price accordingly they can compete in the market today.
Move down the home selling process to the buyer in this market, and I am finding that buyers are able to discern value when they see it.  A good example is when they run into a few short sale, or bank owned homes along with a properly priced home that is comparable to these distressed homes.  There is value in shopping for distressed properties, but the competitively priced home that is ... more

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