The Rhoads Team Real Estate

08/02/2023

The City Of Eugene adopted a new rental housing ordinance on July 24th. If you're a housing provider in Eugene who's considering selling and allowing someone new to enjoy your property as an owner, I can help.

05/27/2023

New to market Thursday, open today 12-3!

2693 Augusta St, Eugene, OR 97403 is for sale. View 46 photos of this 4 bed, 4 bath, 4479 sqft. townhome with a list price of $1190000.

01/17/2023

Local stats from December are out. Looking at various economists' predictions for the 2023 housing market, there is building consensus that we will see mostly flat residential real estate values in 2023.

08/18/2022

New fixer listing... come make some money!

View 7 photos of this 3 bed, 1 bath, 1222 sqft. single family home located at 345 38th St, Springfield, OR 97478 on sale now for $225000.

07/14/2022

Also live today, with an open house from 1-3 Saturday

View 27 photos of this 3 bed, 3 bath, 1717 sqft. single family home located at 5773 MT Vernon Rd, Springfield, OR 97478 on sale now for $435000.

07/14/2022

New listing live today, open house from 1-3 Saturday. Check it out!

View 29 photos of this 3 bed, 2 bath, 1952 sqft. single family home located at 3828 Ashford Dr, Eugene, OR 97405 on sale now for $549000.

03/19/2022

Check out our new listing. Are you dreaming of a downtown lifestyle?
https://www.realtor.com/realestateandhomes-detail/M1357637067

01/02/2022

2021 Real Estate Market Review

Happy New Year!! We’ve seen a wild year in 2021, and the real estate market is no exception. Values nationally were up 19.5% year over year in September (Case-Shiller Index), while in Lane County we saw them up 18.7% year over year in November (RMLS). The tight supply of homes and high demand for them that are causing these rapid price increases are due to a number of circumstances.

Supply constraints nationally are caused by factors like a home building sector that never bounced back to normal production levels after the Great Recession, supply chain issues that have affected most building materials, and skilled construction labor shortages that have increased wages and limited output in that industry. Locally we see the lack of available land for residential use inside the urban growth boundaries of Eugene and Springfield, as well as systems development charges for new construction contributing to lack of supply.

Increased demand nationally can be attributed to the millennial generation aging into their typical home buying years, many people now needing their homes to serve as an office, classroom, etc, in addition to historically low interest rates. Locally we have also seen some increases in people moving here from larger more expensive metro areas to work from home.

Looking at those supply and demand factors and imagining which of them will change in 2022, national supply constraints may ease very slowly while I wouldn't expect any change in our local constraints. The demographic trends boosting demand are a long term story most experts expect to play out over the course of several years. Interest rates are expected to increase in the coming year. Without many of the factors leading to the increases in our local real estate prices changing a whole lot over the coming year, I expect prices to continue rising. I have read predictions of real estate price increases in 2022 ranging from -2.5% (Mortgage Bankers Association) to 13.6% (Zillow). I personally think we will see them locally in the mid to high end of that range.

If we see continued or increased inflation in the coming year, we may see interest rates rise faster than anticipated which we would expect to decrease demand. Increased inflation would also increase the utility of real estate as a hedge against inflation, increasing demand.

Of course these days we are all familiar with unforeseen events, and any of those could turn all these predictions on their heads!

Given what we have in store for us, we are of course here for you if you have real estate needs or questions - as we were for 25 of you who bought and sold with us in 2021. We would also be delighted to assist any friends, family, or colleagues of yours with their real estate needs.

Whatever the real estate market brings in the coming year, I hope that your life is full of joy, health, connection, and growth. I consider myself blessed to know you, and I wish you a happy and prosperous 2022! 🎉🥂

Your Realtor,

Isaac Rhoads-Dey

03/12/2021

This week's new listing 🏡

746 Ruskin St, Eugene, OR 974023 bed | 1 bath1,224 sqft

03/05/2021

Check out this amazing country property with a year round creek and barn that or team brought to the market yesterday!

29270 Fox Hollow Rd. Eugene, OR 974053 Bed2 Bath1560 Sqft2.75 acres

02/26/2021

Just listed!

Comfortable and clean 3 bedroom 1 and a half bath home. New flooring, roof, ductless heat pump, kitchen appliances and sink, light fixtures, fence, lighting and door hardware, updated landscaping, and many other updates. Cozy living room with fireplace. Large fenced flat back yard with mature landsc...