TO PLACE AN AD CALL CLASSIFIED • 541-385-5809
SATURDAY, APRIL 3, 2021 • THE BULLETIN
C1
R EAL ESTATE
Jennifer Dorsey
Palmer Home Sales, Inc.
541-678-2927
jdorsey@palmerhomes.com
Great Room Views
from Palmer Home
D R C M V
Extra windows and two decks (one covered)
looking out to fantastic mountain views are
highlighted in this lovely home. THREE-CAR
garage perfect for storage, extra toys or shop.
Completion expected in May for this 2010
sq. ft. single-story light and bright home on
a large home site with 3 beds, 2.5 baths.
Built by award winning (2020 awards for Best
Master Suite and Best Value) Palmer Homes in
the sought after community of Redtail Ridge
in SW Redmond. 3496 SW 44th St., Redmond.
MLS# 220117901 CCB# 185585
Located within the exclusive Deschutes River Ranch, featuring
Cascade Mountain views, nearly 2 miles of private Deschutes
River access, swimming holes, waterfalls, fi shing & acres of
open space. Truly special home combines a wonderful blend of
contemporary & mountain home architecture. Well-considered
fl oor plan encompasses inviting living areas, presenting superb
design & an abundance of charm at every turn. Accentuated by
fl oor to ceiling stone walls & exquisite wood accents that perfectly blend w/ the natural scenery. Floor
to ceiling windows in elegantly rustic great room frame the outstanding panoramas & fl ood interiors w/
sunlight. Well-equipped chef ’s kitchen fl ows seamlessly into adjoining dining area. Owner’s suite w/ cozy
fi replace, balcony, steam shower & coff ee bar. 3 guest rooms, offi ce, home theater & billiard room. 1760 sq.
ft ., 4-car garage. Wonderful outdoor living areas w/ outdoor kitchen, fi replace & hot-tub.
Furnishings Included | Bedrooms | Office | Theatre | Billiard Room
Arrowhead Drive | Offered at $,,
L ISA C OLE , Principal Broker
Mike Nelson
Palmer Home Sales, Inc.
541-588-0698
mnelson@palmerhomes.com
Berkshire Hathaway Home Services, NW
541.749.0047
lisacole@bhhsnw.com
Post-Pandemic Real Estate
While the market suff ered in the early
days of the pandemic, it quickly rebounded
as the lockdowns ended and the country
returned to business under restricted
conditions.
In its remarkable forward momentum,
real estate has even managed to sidestep
the sort of troubles experienced by the
labor market and other sectors of the
economy.
Record home sales
Not since the early 2000s — when a
housing bubble presaged the economic
collapse of 2008-09 — have home sales
risen so quickly, with pandemic-era
markets set to overtake even those high-
fl ying days.
Those who have been able to endure
the pandemic without a job loss or any
serious damage to their personal wealth
or credit are taking advantage of plunging
mortgage rates with an eye toward long-
term home ownership.
Sales have also benefi ted from fl ight
Despite the devastation wrought on the economy by the
pandemic, no sector has recovered and entered a boom
faster than real estate, specifi cally single-family homes.
from urban centers into the suburbs,
with many families fl eeing certain states
altogether since the benefi ts of an
accelerated work-from-home movement —
something that might have ordinarily taken
10 years or more to achieve — allows them
to live anywhere they like. This has created
home sales spikes in smaller towns and
cities across America.
Growth and interest has put a premium
on existing home inventories, so builders
have too been as busy or busier than at
any time since the previously mentioned
housing bubble.
Demand is far outpacing supply, and
builders are racing to keep up.
This, of course, has caused home prices
to rise dramatically, far above 2019 across
the U.S.
It’s a remarkable turnaround from a time
when agents worried they might not be
able to eff ectively show homes because of
the safety precautions instituted to curb
the spread of the virus.
Inequity apparent
The downside to all this activity is that
while the market has benefi ted from
those who remain relatively unaff ected
by the economic instability, those who
have lost their jobs have also lost their
homes. Renters face evictions and low-
income families, especially those in
minority communities, have suff ered
disproportionately.
Will it last?
According to an analysis by J.P. Morgan,
while the housing market has cooled
somewhat since it’s extraordinary gains
during the summer of 2020, the bank sees
a sustained level of interest in real estate
continuing into 2021.
Actions taken by Congress and the
Federal Reserve to support the economy,
along with the promise of widespread
vaccination by the spring and summer
bode well for real estate.
A continued shortage of new home
inventory as builders catch up will
benefi t sellers, but buyers also benefi t
from relatively low mortgage rates.
Those seeking to refi nance can also take
advantage of lower rates.
While the economic headwinds of a
winding down pandemic under a new
presidential administration are hard to
predict, most experts agree real estate will
continue to enjoy gains well into the new
year.
© ADOBE STOCK
WELCOME
ABBY TEAL!
WINDERMERE CENTR AL OREGON REAL ESTATE
“Enthusiasm, energy, detail-oriented and ready to help you with your real estate needs describes Abby Teal! A go-getter, Abby is a native
Oregonian, raised in Dallas, OR, moved to Bend to attend OSU-Cascades, got her degree, a job with a bio-tech company, bought her fi rst home
in Redmond, and while working from home, started her own dog sitting business! You will fi nd her working alongside her mentor, longtime
Broker Kris Rees. We are thrilled to have this delightful lady in the Windermere family and you will be glad to have her on your team
buying or selling real estate” ~ Dave Feagans, Owner
“Since I entered into my real estate career with a brilliant Windermere mentor, it was only fi tting that I also join the Windermere team. I
truly believe the Redmond Windermere team will not only allow me to succeed but will encourage it! I am beyond excited to kickstart my
career with the knowledge and resources that come along with such a supportive and successful brokerage. I look forward to what this new
adventure will bring and cannot wait to meet more of the Windermere community!” ~ Abby Teal, Broker
BEND
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