The Springfield and Eugene Real Estate Market
The Eugene and Springfield Housing Market Area includes Lane County, located in west-central Oregon. Overall, the cities of Eugene and Springfield make up more than 75% of the population and are the economic base of the Housing Market Area (HMA). Being the regional centers for employment, Eugene and Springfield are home to various companies and industries, to include heathcare services, housing, and education: Lane Community College & University of Oregon.
A Great Oregon Housing Market
Currently, the housing market in the Springfield and Eugene HMA is looking up! Within recent years, previously owned property sales have increased 21% and sale prices have also increased with the increase in property sales. Along with property sales increasing, there is a current need for rental properties as the students at the University of Oregon are in demand for housing. Also, the New Eugene VA clinic brought new employment opportunities, causing more people to move to the area and buy property.
Low Mortgage Rates in Oregon
Since 2013, mortgage rates have been extremely low, being in the 4% range, making house payments affordable. Combining the low rates with the increasing housing prices, makes it a good time to buy property in Eugene and Springfield, Oregon.
Let Us Help You Find Your Dream Home
With such low interest rates, there’s no question that now is the time to buy! Contact your trusted Camerelle real estate professional, Renee Kittrell, to find the perfect home for you. Take advantage of our mortgage calculator, local area information, and view fantastic listings for sale. We are here to answer any questions and to help you obtain the home you have always wanted!