A December article over in Businessweek regarding the national market correction points out that a market correction follows a timeline; home prices often follow sales trends by about “9-12 months.”

Home prices in the Eugene area did not slow down a lot in 2006. As a college town, this city may see sale prices for rentals increase as the rental market heats up, which may drive continued speculation that has slowed down in cities like Las Vegas and LA.

The sweet spot for home buyers in Eugene right now looks to be the $400-550k market. These homes sit on the market much longer than others, and prices seem depressed when you look at the sq ft $ for homes in this range. Since mortgage rates remain low by historical standards, this year might be a good time to upgrade.

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