“The jet engines have started and
our marketplace has accelerated.”
Mike Grady – President & COO of Coldwell Banker Bain
Andrea Phelps | 541.408.4770
Patty Dempsey | 541.480.5432
team@dempseyphelps.com
dempseyphelps.com

Andrea Phelps | 541.408.4770
Patty Dempsey | 541.480.5432
team@dempseyphelps.com
dempseyphelps.com
The July edition of Coldwell Banker Bain’s Global Luxury Magazine you’ll see fabulous pools and enjoy virtually globe-trotting to many gorgeous destinations. Click here to dive into luxury with the latest in luxury.
Whether you’re a first-time or move-up buyer, here are some ways you may benefit from the recent economic slowdown. First of all, the most knowledgeable and well-trained real estate professionals are the ones who will rebound quickly from the unconventional spring market. Creativity, enthusiasm and perseverance are defining traits of successful agents – three characteristics that are sure to benefit you during your search for a new home.
Stay-at-home orders have also pushed the real estate industry to adapt by offering more options for viewing houses virtually. Even as cities continue to reopen, buyers will benefit from more 3D tours and fully narrated video showings that help them narrow down their choices before seeing homes in person. The technology for digitally streamlining the closing process is already available as well, ensuring that buyers can adhere to social distancing guidelines.
Determining whether home prices will increase, decrease or remain steady is difficult to predict and may fluctuate week by week. If you want to be kept informed of the latest trends in our area, let’s chat soon.
What does the Mortgage Bankers Association have to say about the post-pandemic housing market? Here are some highlights from a recent webinar discussion.
In our traditionally fast-paced society where all kinds of activities draw us away from our homes, something beneficial has resulted from shutdown orders across the country: Neighbors started getting to know one another while still maintaining adequate social distancing. As the weather warmed up, more people began playing outside with their kids or taking long walks in their neighborhoods. Passersby greeted one another and struck up conversations on sidewalks, driveways and front porches as they spent more hours outdoors.
It may surprise you to learn that only 57% of Americans claim to know some of their neighbors and even fewer (26%) say they know most of the people living around them, according to the Pew Research Center. Among adults under the age of 30, 23% admit they know none of their neighbors.
Getting to know the people in your closest community is worthwhile for many different reasons. When you’re familiar with other residents nearby, you’ll likely feel more comfortable in your neighborhood and have a greater sense of security. Living in a friendly neighborhood can also broaden your network of business connections, potential babysitters, and valuable friendships for adults and children alike.
People tend to flourish when they experience a sense of control in their daily lives. Over the past few months, the majority of Americans have faced times of feeling insecure and uneasy about their health, finances and the safety of their family members.
Many of today’s home buyers are seeking the security of owning their own house. In fact, many members of the millennial generation who have enjoyed their mobility and freedom from homeownership are now eager to put down roots.
“We will likely see an increase in desire for stability through homeownership, possibly a desire for more space and upgrades as people continue to find a safe haven in their homes,” reports HousingWire.com.
New real estate apps and electronic mortgage resources are being rapidly developed and expanded, according to HousingWire.com.
The traditional paper-and-ink closing is now known as a wet closing, which refers to the old phrase “no sooner than the ink had dried on the paper.” In wet closings, all of the purchase documents are signed and notarized in ink and in person.
By contrast, an eClosing is processed digitally, which means the mortgage loan package is electronically signed and notarized. The closing can either be conducted in person or remotely using a webcam. Referred to as the eNote, the electronic promissory note is securely filed in the MERS (Mortgage Electronic Registration Systems) eRegistry.
A hybrid closing is the combination of a wet closing and an eClosing. Depending on the lender’s preference, some of the documents are signed and notarized in ink and the rest are filed electronically. Hybrid closings help to streamline the process but still require an in-person closing appointment.
1st Quarter 2020 vs. 1st Quarter 2019
April 2020 vs. April 2019
January – April 2020 vs. January – April 2019
The Environmental Center’s Second Local Challenge Kicks off May 11th!
You can join in the challenge that goes from May 11–June 7, 2020. Participants will be entered to win weekly prize drawings that help prevent wasted food, such as glass food-storage containers and reusable beeswax food wraps, plus a $100 gift card to the grocery store of choice. Two grand prize drawings for $250 in farm bucks to a local farm will be awarded to those who complete the whole challenge. Participants will also gain knowledge and feel good about making changes in their own lives to help their greater community.
The challenge asks participating households to weigh or measure then record their cumulative wasted food weekly for four weeks. They will track what ends up as waste in their home, then learn small yet impactful tips to change habits in order to produce less waste.
The Rethink Food Waste Challenge is made possible through a partnership with Deschutes County Department of Solid Waste and our local garbage and recycling service providers. To learn more about the challenge and sign up visit their website:
https://www.rethinkwasteproject.org/Challenge/