August 27 Real Estate

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News Press Stillwater

REALESTATE News Press Stillwater

REALESTATE Your best source for weekly real estate news and listings for Stillwater and surrounding communities

Your best source for weekly real estate news and listings for Stillwater and surrounding communities

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se Hou .m. n e Op y 2-3 p da Sun

W EEKLY

$299,000

August 27, 2020

NOVEMBER 22, 2019

2.96%

The 30-year fixed-rate mortgage averaged 2.96% this week, up from last week’s record low of 2.88%, Freddie Mac reports.

81

The percentage of non-owners surveyed by NAR who say they want to own a home in the future..

$194,900 $179,900

1105 E. Camden Lane e ous . en H -2 p.m p O 1 day n u S

905 S. Blue Ridge

Weekly Features: • About Real Estate • Classifieds • Open House Map

$118,500

Visit our web site at

stwnewspress.com » Classifieds » Real Estate Weekly

to download the current PDF edition Weekly Features: and see participating Realtors.

•ToAbout Realyour Estate advertise home in Real Estate Weekly, call (405) 372-5000. • Classifieds • Open House Map Visit our web site at

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3124 N. Monroe

$231,500

26 N. Canyon Rim Dr. $549,000


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Stillwater NewsPress • Thursday, August 27, 2020

Filing small insurance claim can lead to big problems later Homeowners who file just one or two insurance claims, no matter how small, sometimes risk a huge increase in their annual premiums or even cancellation of their policy. DEAR MR. MYERS: We didn’t know that we had some loose roof shingles over our bedroom until a summer storm arrived and water leaked in, causing about $1,100 in damage to a few of the ceiling’s tiles and a small portion of one of the walls. Can we file a claim with our insurer for the damage? ANSWER: Yes, you can file a claim for the needed repairs, but it probably wouldn’t be worth it. For starters, the $1,100 damage you suffered is a relatively small amount. If you have a standard $500 deductible, the most you could hope to recover from your insurer would be $600. That’s really not worth the risk of seeing your future premiums rise, perhaps by hundreds of dollars a year, because you would have a fresh

others wouldn’t charge such a fee at all. What is this fee for? How come some lenders charge it but others do not? ANSWER: A document-preparation fee is a one-time DAVID MYERS charge that some banks levy to osclaim on your reunwise to file small tensibly cover the cost of preparing cord. claims, homeownMore important- ers should consider the mortgage contract and other ly, there’s a chance raising their dethat filing a claim ductibles in order to paperwork needed to complete a loan might well result trim their annual transaction. But in the insurer caninsurance costs. the truth is, the celing your policy Insurance experts mortgage business altogether, espesay that owners has become so aucially if you have who have a typical filed another claim $500-deductible but tomated that the in the past two or raise it to $1,000 or vast majority of documents can be three years. That’s $2,500 can easily quickly prepared because insurers slash more than figure that if you 30 percent off their and then printed have made more bill, which can save out on the bank’s computer system than a claim or them hundreds of two in the recent dollars a year while with the stroke of a few keys. The days past, no matter how still providing adwhen a loan officer small, you’re more equate coverage if or secretary would likely to file again they later suffer a have to spend in the future. major loss. countless hours It’s also worth ••• typing up contracts noting that most DEAR MR. and the like have insurers are parMYERS: I would ticularly wary of like to refinance my gone the way of, well, typewriters customers who mortgage because file claims for warates are so low, so themselves. Some banks don’t ter-related damage: I have followed your even try to collect They’ll often pay for previous advice so-called doc-prep the repairs but then to contact several fees anymore. cancel the policy in lenders and mortorder to reduce the gage brokers to find Even those that do will often waive chance of getting the best deal. One hit with an even lender would charge the charge if the borrower is savvy costlier mold-relat- me a $300 “docuenough to ask. ed claim later. ment-preparation” ••• Because it’s befee, another would DEAR MR. coming increasingly charge $250, while

ABOUT REAL ESTATE

MYERS: I recently inherited a small home that is several hundred miles away from my current residence. I don’t want to move into the [inherited] home and don’t want to hassle with renting it to tenants, so I intend to sell it immediately. Would I owe any federal taxes on the sale? ANSWER: Probably not. That’s because, when a property changes hands through inheritance, the Internal Revenue Service allows its value to be “stepped up” to reflect its current market value. This means that no federal taxes will be owed if the home is sold immediately. To illustrate, say the person who left you the home paid $100,000 for it several years ago but it was worth $175,000 on the day he died. The IRS would allow you to step up its cost basis to reflect its current value, so no taxes would be owed on the profit if you sold it for $175,000 or less right away. Conversely, if you rented the property to tenants for a few more years

and then sold it for $210,000, you would be liable for taxes on $35,000 of the profit -- the difference between the resale price and its $175,000 value on the day that you inherited it. Inheritance rules are tricky, so it’s UN.

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important to consult a tax professional before you sell. ••• Send questions D. Myers/Trust, P.O. Box 4405, Culver City, CA 902314405., and we’ll try to respond in a future column.

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NEW LISTING - 1105 E CAMDEN LANE - 2 BD / 2 BA / 2-car attached garage. Enjoy the outdoor view of the pond by looking through the living room, dining room and master bedroom windows. Covered patio, whirlpool bath, walk-in shower, double sinks in the master, pantry in the kitchen and a sink in the utility room. ..................................................$194,900 UN.

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3124 N MONROE - 4 BD / 3 BA / 2-car attached garage. Home is very open with large livingdining room with fireplace, kitchen has many cabinets plus a serving bar, and pantry. 3-1 split bedroom on a corner lot close to Boomer Lake. ........... PRICE CHANGE $231,500 1711 N LINCOLN - 4 BD / 3 BA / 3-carPENDING attached garage. ..........................................$284,900 905 S BLUE RIDGE - 4 BD / 3 BA / 2-car garage........................................................$296,500 PENDING

1618 E WILLHAM - 3 BD / 2 BA / 1-car garage. ......................................................$135,900 PENDING 4119 W 18th - 3 BD / 2 BA / 3-car garage. ..............................................................$189,900 SOLD

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Two costs to make or break your nest egg By Liz Weston

can either pay me $1,000 for rent, or you can put $1,000 in index funds every month,’” Ross says. He put the money into his retirement account. Ross recently bought a house with his fiancee, and they chose a home that cost about half of what their lender said they could afford.

Cole Graves Realtor Associate 405-334-3588

They figured out how much they felt comfortable spending each month and based their purchase on that amount. “I don’t really need a million-dollar home here,” Ross says. “I just need something that’s going to house the family.” IT’S NOT ALL ABOUT CHOICE Both studies have

Dolores Lemon CRS, CRB, GRI Broker/Owner 405-747-7822

their limitations. Perhaps the biggest one is that the researchers studied only people who had access to workplace retirement plans. Before the pandemic, 55 million working Americans lacked such access, according to Georgetown University Center for Retirement Initiatives. Access makes a huge differ-

www.stw-realestatepros.com

ence: AARP found that people are 15 times more likely to save for retirement if they have access to a payroll deduction plan at work. The researchers also didn’t factor in the cost of living, which varies widely across the country. Living expenses are 46% higher in San Francisco and 86%

downtownstw.com

higher in Manhattan than in Portland, Oregon, for example. People’s personal costs of living matter hugely as well. Someone with health problems and lousy insurance likely will have more of their income eaten up by medical bills than someone in excellent health who has good coverage.

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OPEN HOUSE SUNDAY AUGUST 30, 2020 1423 N. RAMSEY-$130,000-1-2:30PM-ANN

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Dianna Norman Realtor Associate 580-761-3926

NEW LISTINGS AND PRICE CHANGES 708 W 10th, Stw- 2bed 1 bath 2 Story 1156 sq ft Leased till 6/2021-$124,500-Dolores 1601 E. 4th, Stw.-3bed 2bath 1car garage 996 sq ft UPDATED-$130,000-Ann 800546 S. 3450 Rd., Agra-2bed 3bath 2car garage 2957 sq ft 5am/l Shop-$235,000-Lori 6019 S Country Club Rd. - 60 acres ready for you to build.-$550,000-Tiffany 13th & West - 25.94 acres in the city limits zoned ag.-$120,000-Dianna 4915 Briarcreek Dr. - 5bed 4bath 3car garage 3460 sq ft NEW CONSTRUCTION-$549,000-Donna 4720 Turtle Pond Ct. - NEW CONSTRUCTION4bed 3bath 3car garage 2635 sq ft-$415,000-Donna 0000 S. Country Club Rd. - 20 Acres on Paved Road - $200,000 - Ann 2300 E. Timbercrest - 3bed 2bath 2car garage 1648 sq ft - $154,900 - Ann 1707 Fiddlers Hill - 3bed 2bath 2car garage 1983 sq ft - $315,000 - Tiffany 1423 N. Ramsey - 3bed 1bath 1car garage 1098 sq ft-$130,000 - Will Lease for $1,200.mo - Ann 1106 Sunnybrook Dr. - 4bed 2bath 2car garage 1736 sq ft - $179,900 - Lori 5706 W. Garden Pointe - 3bed 3bath 2car garage 1.5 story 2754 sq ft - $439,900 - Donna 3919 W. Rutledge Dr. - 5bed 3.5bath 3715 sq ft DON’T MISS THIS ONE! - $559,000 - Ann 1610 N. Benjamin - 3bed 1 bath 1326 sq ft Leased thru 7/2021 - $129,000 - Donna 1605 S. Aetna - 1.19 acres m/l in TOWN Just think what you could do! - $25,000 - Ann 1311 Falls Dr. - .99 acres m/l Nice large lot for new home - $90,000 - Tiffany 5007 Briarcreek - .68 acres m/l Lot in Gated Community for Your New Home - $52,000 - Donna 5907 Hallies Meadow - NEW CONSTRUCTION 4bed 2bath 2car garage 2175 sq ft - $322,500 - Lori 5607.1 S Mehan Rd., Ripley - 41.52 am/l Prime Land - $349,000 345750 E 744 Rd. Cushing - 4am/l ready for you to build - $44,000 - Cole 4205 Briarcreek Terr. - 5bed 3.5bath 3car garage 4774 sq ft - $599,000 - Donna 000 S Meridian Rd - 40 Acres m/l Just Minutes to Stillwater/Perkins/Edmond/Coyle - $120,000 - Jack/Kelly 4717 S. Turtle Pond Ct. - Great ½ acre m/l Lot for your building pleasure - $45,000 - Tiffany 6800 W 68th - 70 acres at 68th & Western Split your way! - $525,000 - Lori 1001 S Duncan - Nice 4bed 3bath leased through 5/27/21 - $199,900 - Lori N. Washington Rd. - 151.8 acres m/l OH the Possibilities! - $2,352,900 - Lori Roka Hidden Lake - lots with Lake view - $75,000 - Lori Roka Hidden Lake - Lots ready for building - $50,000 - Lori W. Allyn Ave. - 11.46 acres m/l - $400,000 - Lori 1913 N. Manning - NEW CONSTRUCTION 3bed 2 bath 2car garage 1593 sq ft - $216,900 - Donna 5912 Gunner Springs - 3bed 3bath 1881 sq ft NEW CONSTRUCTION - $289,900 - Lori 2704 W 44th - 15.86 ac or 3.9 ac or 6.5 ac or 5.1 ac YOU CHOOSE! - $379,000 - Lori 1600 S. Walnut, Stw. - 10.9 Acres inside City Limits - $599,500 - Lori 8108 S. Country Club Rd., Stw. - 2bed 2.5bath 2car garage Storm Shelter 3+acres - $399,900 - Lori 9512 S. Union Rd. - 5bed 4bath 4785 sq ft 3 levels - $499,900 - Lori 1521 Fiddlers Hill - NEW CONSTRUCTION 4bed 3bath 2745 sq ft - $399,000 - Tiffany 4723 W. Santa Fe Ct., Stw. - 4bed 2bath 2car garage 2011 sq ft - $316,900 - Donna 619 S. Fairgrounds Rd. - 2.75 acres of Commercial Property for Your New Business - $195,000 - Lori 5917 Haydans Brook - 4bed 2bath 2car garage 2194 sq ft NEW CONSTRUCTION - $322,500 - Lori 8 Lots in the City limits - N Glenwood Ct - $420,000 - Tiffany 207 E. Maple Ave., Perry - 2bed 1bath 1 car garage Storm Shelter 1131 sq ft - $78,500 - Dolores 2111 Sunset Dr. - 4bed 3bath 2car garage Basement 2400 sq ft - $275,000 - Ann

Stillwater NewsPress • Thursday, August 27, 2020

similar incomes, but middle savers contributed about 5% If you earn a deat the start of their cent income but have careers while the low trouble saving, the savers contributed culprits could be the about 2%. roof over your head That 3 percentand the car in your age-point difference driveway. in contributions is Retirement savers largely attributable who contribute more to the lower savers to their 401(k)s often spending more on spend less on housing housing, transporand transportation tation, and food than their peers, acand beverage, the cording to a study by researchers found. the Employee Benefit By retirement age, Research Institute middle savers had and J.P. Morgan accumulated savings Asset Management. equal to twice their Better savers salaries. Low savers also spend less on had accumulated food and drink, but about half as much. housing and transAN OLD TRUCK portation are bigger AND A FAT 401(K) expenses that tend to Driving older vebe less flexible. Once hicles and owning you commit to a place a modest home are to live and a car pay- the top two sacrifices ment, you’re typically cited in a study of stuck with those exPrincipal Financial penses for a while. Group customers “It may be deciages 20 to 54 who sions that you’re contribute big chunks making as you are of their income to rebuilding your life tirement accounts. that will ultimately One of those savers crowd out saving for is Erryn Ross, 30, of retirement, “ says Tigard, Oregon. For Katherine Roy, chief several years after retirement strategist college, the accounts for J.P. Morgan Asset receivable coordiManagement. nator lived at home The researchand drove a “beater” ers divided 10,000 truck, a hand-mehouseholds into three down from his dad. groups: the 25% who By the time he was contributed the least ready to replace the to their retirement truck, he had saved plans, the 25% who enough to pay cash contributed the most, for a new one while and the “middle sav- also maxing out his ers” whose contribu401(k) contribution. tions landed them in Ross credits his the middle 50%. High mother – who drives savers, not surprisa 2002 Honda Accord, ingly, had higher inpreviously owned by comes than the other her father – with gettwo groups. Middle ting him started. and low savers had “She said, ‘OK, you NerdWallet


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about ¼ acre in size so in very rough terms, this translates to about a half hour of volunteer time per every square foot of garden space per year. This amount of time will decrease now that the garden is completely built out, but it will still be an ongoing effort. For more information on this or any other horticultural topic, you can contact Keith Reed, the Horticulture Educator in the Payne County Extension office. During the Covid-19 slowdown, Keith can be reached via email at keith.reed@okstate. edu. To access OSU fact sheets, go to https://extension. okstate.edu/factsheets/

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Even this may not be enough. Expect some new growth in the spring and respray/dig out as necessary. While it is not completely impossible to eliminate bermudagrass without using herbicides, it can be done with hard work and patience. Just be advised it is a huge undertaking and requires a long term commitment. An example: After two years of work on the garden at Our Daily Bread in Stillwater, we have not eliminated the bermudagrass but we have kept it at a manageable level. Note the volunteer time investment is now approaching 1,000 hours dedicated to this single task. The garden is ar

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HOME GROWN

projects. Bermudagrass makes a fine turfgrass for many Oklahoma applications, but it can also be a very troublesome weed if it is growing where you do not want it. September is the best time of year to weaken unwanted bermudagrass with the non-selective herbicide glyphosate or a product labeled for control of grassy weeds. Please note that I said weaken not kill. This is a very difficult plant to eradicate once it is well established. Make sure it is not suffering from drought stress before spraying. Also, keep a close eye on it and be prepared to respray as needed later this fall.

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don’t see the actual insect, their damage is apparent. These pests chew off the ends of small tree branches, leaving an almost machine line pattern of consistency with the cuts. If Keith REED you start finding branches on the follow label direcHealthy Garden ground with conical tions. Soils is a good shaped cuts on the • The window has resource on cover large end, this is closed for planting crops. your culprit. some fall vegetable • September is These insects crops. However, you the month to redon’t really warcan still plant spin- sume lawn fertiliza- rant control as it is ach, leaf lettuce, tion for cool-season extremely rare for mustard, radishes, grasses (i.e. shade) them to cause sigrutabagas, Swiss like tall fescue. This nificant damage. If chard, garlic and should also be the you wish to reduce turnips. last month of the the presence of twig • If you are not growing season to girdlers long-term, planting a fall fertilize warm-seait can be helpful to vegetable crop, son grasses like pick up the fallen consider planting bermuda, zoysia or branches and disa cover crop. Cover buffalo. See OSU pose of them offsite. crops build organFact Sheet #6420 • We talk about ic matter which Lawn Management this final topic a in turn leads to in Oklahoma for lot in this column, improvements in more information. and there’s a good water and mineral • Damage from reason for that. holding capacity, twig girdlers, a It’s consistently improved drainage; common tree pest, one of the major critical factors for can start showing points of failure for plant health. OSU up this time of year. home gardening Fact Sheet #6436 While we usually and landscaping

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September is underrated as an important time for landscape tasks in Oklahoma. This is the key month to begin preparing plants for the upcoming winter, which in turn sets them up for a successful spring. • If you plan on applying fall pre-emergence to prevent pesky spring weeds like annual bluegrass, henbit, chickweed and several others, do it as soon as possible as it’s likely some of these weeds will begin sprouting with our next significant cool off. The proper product to use can vary depending on a particular application. Contact the Extension office if you need additional assistance. And remember, these products will fail (or cause damage) if they are not applied properly. Always

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Stillwater NewsPress • Thursday, August 27, 2020

Horticulture tips for September

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OPEN U nHOUSE SUNDAY 1-3 P.M. 1117 W Newman Ave • $249,500 This is a rare find that has an amazing location and tons up updates ready for the new owners. This home sits at the end of a dead end street right next to property owned by the City of Stillwater, so if privacy is what you are looking for you have found it! The home has a new roof and energy efficient windows. Updated kitchen! Two deck/patio areas, one is off the master bedroom that offers private lounging and a hot tub. This truly is a rare find and needs to be seen to fully appreciate.

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Poll: Many shore up finances in downturn

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a landscape painter from Orlando, Florida, has been making extra mortgage payments. The 68-year-old and his wife received $1,200 in direct government payments and hope to own their home free and clear within 18 months. “Everything goes into extra mortgage payments,” he said. “As an artist, it’s feast or famine. You never know if you’re going to get a big commission or if the gallery does well.” The findings shed light on a persistent riddle of a global pandemic in which a weakened economy has somehow spared most U.S. families from the worst of the financial toll. Just 37% call the national economy good, down from 67% in January. But at the same time, 63% describe their personal financial situation as good, largely in line with what it was before the pandemic began

more than six months ago. People’s positive feelings about their own finances might also be helping President Donald Trump as he seeks reelection this November against former Vice President Joe Biden. About half of Americans, 47%, approve of how Trump is handling the economy. That’s significantly higher than his overall favorable rating of 35%. “He’s a businessman, not a politician,” said Sally Gansz, 78, from Trinidad, Colorado. “He’ll get jobs back – he did it before.” But while the initial burst of aid helped Americans, Trump – who touted his ability as a dealmaker in real estate – could not reach an agreement with Democrats to keep the money flowing after many of the benefits expired this month. Alan Vervaeke, 59, from Gilford, New

Hampshire, said the Trump administration’s failure to contain COVID-19 has forced the government to take on debt, rather than investing in infrastructure and scientific research that could help growth long-term. “The American economy is going to come back, but I don’t think it’s going to be as robust,” said Vervaeke, a military veteran who manages software engineers. “We need an actual statesman who can create opportunities for average Americans, instead of politicians making a lot of promises they may never keep.” About a quarter of Americans say they’ve been unable to pay at least one bill because of the pandemic, including 14% who’ve been unable to make a

rent or mortgage payment, 14% who have been unable to pay a credit card bill and 21% who have been unable to pay another type of bill. Seventeen percent have been unable to pay multiple types of bills. The downturn has also exposed the depth of inequality in the United States. About half of Black Americans and roughly 4 in 10 Hispanic Americans say they’ve been unable to pay a bill, compared with about 2 in 10 white Americans. And 66% of Hispanic Americans say they’ve experienced household income loss, compared with 50% of Black Americans and 44% of white Americans. Overall, about half of Americans say they’ve experienced at least one form of household income

loss. That includes 23% who say they’ve experienced a household layoff, 34% who say someone in the household has been scheduled for fewer hours, 22% who’ve taken unpaid time off and 25% who’ve had their wages or salaries reduced. People in households that have lost income, including a layoff, are about as likely as those who have not to say they’ve been spending less, saving more and paying down debt, though they are also more likely to say they’ve been unable to pay at least one type of bill. Overall, 48% of those who say someone in their household has been laid off have been unable to pay at least one type of bill, compared with 19% of those who have not.

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Stillwater NewsPress • Thursday, August 27, 2020

unique nature of the current crisis. Nearly $3 trillion Associated Press in government aid in the form of direct WASHINGTON payments, expanded – It’s the paradox jobless benefits and of a pandemic that forgivable payroll has crushed the loans helped cushion U.S. economy: 12.9 against the fastest million lost jobs and economic downturn a dangerous rash of in American history. businesses closing, Meanwhile, health yet the personal fears and mandated finances of many closures prompted Americans have remained strong – and many Americans to spend less on restauin some ways have rant meals, clothing even improved. and travel. A new poll from About two-thirds The Associated Press-NORC Center say they’re spending less than usual for Public Affairs during the pandemic. Research finds that Since February, there 45% of Americans has been a $1.3 trilsay they’re setting lion jump in money aside more money kept in checking than usual. Twenaccounts – a 56% ty-six percent are increase tracked by paying down debt the Federal Reserve. faster than they were before the coro- While the greater savings helps to keep navirus pandemic. families more finanIn total, about half THE RE/MAX SIGNATURE EXPERIENCE cially secure, it may ofDedicated Americans say providing professionals unrivaled service. also limit the scope they’ve either saved of any recovery in a more or paid down country that relies on debt sinceGina the outKillough Cheryl Carpenter Martin consumer spending break began. for growth. The findings Ted Newlin Vicky JeromeSullivan, Kent highlight the By Josh Boak and Emily Swanson


Rates, demand send home sales surging buy homes, in some has found, urban from New York City, urban move. cases far from their and suburban areas have surged, said “We definitely employers’ headquar- are showing similar Janet Boyd, an agent were talking about SILVER SPRING, ters. strength. Many sub- in Wilmington. getting more space, Md. – Spurred by By contrast, renturbs are becoming In the past six and COVID pushed ultra-low mortgage ers are more likely to hot home sellers’ weeks, Boyd said, us over the edge,” rates, home buyers work in lower-paymarkets, Zillow said, she’s sold more than said Lau, 40. rushed last month ing service jobs at but so have many twice the number of He and his wife to snap up a limited restaurants, hotels, urban areas. homes that she did wanted a layout supply of existing gyms, and hair sa“There is some loin the same period more compatible houses, causing the lons, where layoffs calized evidence of a last year. About 80% with their new realipace of purchases have been rampant softer urban market, of the buyers are ty: Working remoteto jump by a reand their ability to particularly in the from out of state. ly, they need room cord-high 24.7%. pay rent is declining. highest-priced marSome of the newfor a home office and The July surge in The expiration of a kets, San Francisco comers to Vermont, for their children to sales reported Friday federal moratorium and Manhattan, and including renters and do remote learning. by the National Ason evictions has also an eye-catching disecond-home owners, “We felt that if sociation of Realtors raised their risk of vergence in sale pric- came to ride out the these changes to how marked the second losing their home. es, but no evidence pandemic and decid- we work are even straight month of acIn a few of the of a widespread ed to stay, she said. semi-permanent, celerating home pur- country’s most exflight to suburban “It’s just like 9/11 – our previous house chases. The back-to- pensive housing pastures,” said Jeff they feel safe,” Boyd just didn’t work anyback increases have markets – notably Tucker, an economist said. more,” Lau said. helped stabilize the New York and San at Zillow. But in other metro In the midst of the home buying market, Francisco – real es“The primary issue areas, too, some peo- pandemic-induced rewhich all but froze tate professionals say in much of the coun- ple are casting eyes cession, housing has early this spring they’re seeing more try,” Tucker said, toward the suburbs. emerged as one of when the viral panpeople leaving high“is the inventory Peter Lau and his the few resilient secdemic erupted across priced city apartdrought, both urban wife recently got a tors of the economy. the United States. ments to buy homes and suburban, that’s quick offer on their An unusually sparse With July’s inin outer suburbs. failing to meet the home in the District supply of homes is crease, to a seasonThe loss of urban surprisingly robust of Columbia, allowboth helping fuel ally adjusted annual amenities and condemand from buying them to move to demand and keeping rate of 5.86 million, cern that the risk of ers eager to lock in suburban Rockville, sales lower than they purchases of existinfection is higher in record-low mortgage Maryland. Lau, might otherwise be. ing homes are up denser areas may be rates.” who has two young The supply in July 8.7% from a year contributing to that In a pocket of children, said the was down 2.6% from ago. Near record-low trend. southern Vermont, pandemic, along with June and 21% from a mortgage rates have But nationally, an sales to out-of-state low mortgage rates, year ago. At the curmade homes more analysis by Zillow buyers, including accelerated their sub- rent sales pace, there affordable for buyers, and many are acting TRIO RANCH OPEN HOUSE SUN. 1-3 • DEBBIE to capitalize on them. The average rate on a 30-year fixed rate mortgage is now 2.99%, the mortgage buyer Freddie Mac said Thursday. A year ago, it was 3.55%. The figures also 5906 Hallies Meadow 6030 Haydens Brook 2430 Trio Ranch, Stillwater 3BR, 2BA, 2,055 sq. ft. 4BR, 2BA, 2,180 sq. ft. 3BR, 2BA, 2,128 sq. ft. point to a persistent3-Car Garage New Construction 3-Car Garage ly unequal recovery: $299,900 $307,900 $303,900 Many higher-paid white-collar workers, Visit www.perkinsfrontierrealty.com and check out who have disproportionately kept their FRONTIER REALTY jobs and can work • 100% Financing available 405-547-2000 • Recently updated properties remotely, are able to By Matt Ott

C6

Stillwater NewsPress • Thursday, August 27, 2020

AP Business Writer

is a 3.1-months supply of houses – down from 3.9 months in June and 4.2 months a year ago. The result is that homes put up for sale are vanishing quickly. Homes were on the market for an average of 22 days in July, down by two days from June. And they are disappearing seven days faster than in the same month last year. The NAR said more than two-thirds of homes sold in July had been on the market for less than a month. Economists say the aggressive buying reflects, in part, pentup demand from the spring, when

the usual surge in sales was blocked by the coronavirus outbreak. “A lot of people are making up ground for the lost spring home-buying season,” said Odeta Kushi, an economist at First American, a title insurance company. Kushi noted that the unemployment gap between renters and homeowners has widened. Typically, unemployment among renters is about 4.4 percentage points higher than among homeowners. Since the pandemic has intensified, that gap has jumped to 6.4 percentage points.

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Yost Rd.

To Cimarron Turnpike

McMurtry Rd.

Quartz Dr. Duncan

Nancy Lee Dr.

Hartford

Evergreen

Dr.

Ct.

Ma rie

Perkins Rd.

Knoblock St.

Star Dr.

Jardot Rd. Marine Rd. Burdick St. Manning St. Briarwood St.

22nd Av.

t. Lew is S

Lowry St.

Lowry St. 37th Av.

35th Av. 36th Av.

37th Av.

Hunters Cr.

Dr. Deerfield

Cottontail Ln.

4-6

Vista Ln.

s Wild Turkey Pas

Vista Ct.

Red Rose Dr.

Jardot Rd.

Perkins Rd.

Husband St.

Washington St.

Western Rd.

Sangre Rd.

Timberline Dr.

44th Av.

177

Katy

S. Westchester St.

Hightower St.

Henderson St.

Mockingbird Ln. Collins Ct. Colby Lance

Villa Dr.

Drury Ln.

4th Av.

Eastgate St.

Crestwood Cr.

ower

Raintree Av.

3rd Av. 4th Av.

Peach Tree Av. Stonegate Av.

19th Av.

32nd Av.

44th Av.

Av.

51

Lydia Ln.

Fountain View Ct.

Forest Trail Ct.

3rd Av.

5th Av.

17th Av.

34th Av.

Fern St.

Main St.

35th Av.

2nd Av. 4th Av.

Jardot Rd.

Ransom Dr. 16th Av.

Payne St.

2

Dr.

Main St.

Husband St.

Knoblock St.

Cambridge Dr.

West St.

33rd Av.

Dr.

Pinewood Cr.

Hight

Oakwood Dr.

9th Av.

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ak

Pos

tO

Wedgewood Dr.

Payne St.

7th Av.

177

31st Av.

Denver St. St.

Jardot Rd.

4th Av.

26th Av.

30th Av.

Timbercrest Dr. Timbercrest Cr.

4th Av.

25th Av.

Mar Vista St. 28th Av.

Denver Ct. Denver St.

Skyline St.

Young St. Jardot Rd.

Wedgewood Ct. Wedgewood Dr.

Blair St. Payne St.

Eastern Av.

Cottonwood Dr.

Crestwood Dr. Crestwood Ct.

24th Av.

26th Av.

Cedar Ct.

Matthews Av. Virginia Av.

Blair St. Stallard St.

Hall St.

Leigh St.

Burdick St.

James Ct.

ott

Aetna St.

Springfield St.

Alc

Pennsylvania St.

Hartford St.

16

Birchwood Ct.

19th Av.

22nd Av.

Connell Ct. Connell Av.

Ct. Wedgewood

3rd Av.

Hartford St.

Lowry St.

Chester St.

Fern St.

Lowry St.

Chester St. Fern St.

17th Av. 18th Av.

Skyline Ln.

Grandview St.

Manning St.

Donaldson St.

Stallard St.

Su

Burdick St.

Hartford St. Dryden St. Benjamin St. Burdick St. Burdick St. Berry St. Arrington St. Marshall St. Doty St. Blair St. Grandview St.

Lowry St.

Lewis St. Lewis St.

Husband St.

Main St.

Husband Pl.

15th Av.

Karr Ct.

12th Av.

13th Av. 13th Pl. 14th Av. 16th Av.

Payne St.

Canyon Rim Dr.

Skyline St.

Briarwood Dr. Manning St.

Dr .

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Benjamin St.

Dryden St.

Perkins Rd.

Grandview Ct. Grandview St.

Manning St.

Berry Ct. Arrington Ct. Arrington Dr.

Hartford St. Dryden St. Redbud Ct.

Star St.

Lewis St.

Hoke St. Husband St.

Masin St.

Duncan St. Duncan St.

West Bl.

Duck St.

West St.

son

Payne St.

Dryden St.

Hartford St.

Crescent Dr. Glenwoo d Dr.

Husband St.

Main St.

Duncan St.

West St. Duck St. West St. Duck St.

West St.

Knoblock St. Knoblock St.

Hester St.

Washington St.

Ramsey St.

Benjamin St.

Park

Pa rk Sta Dr. rD r.

sb Hu

Ramsey St.

Hester St. Knoblock St. Knoblock St.

Washington St. Bellis St.

Hester St.

Hester St.

Ramsey St.

Monroe St. Jefferson St.

Adams St.

Stanley St.

Gray St.

Blakely St. Teal St.

Bluestone St.

Han

Ct.

Whitney Ct. McElroy Rd.

Young St.

Park Dr. Park Dr. Keller Dr.

Husband St.

Crescent Dr.

r. an dD

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Ramsey St.

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Orchard St.

McDonald St.

Walnut St.

Willis St.

Willis St.

Silverdale

Summ erlin Ct. Bridlew ood

24th Av.

12th Av.

Pl.

8th Av.

8th Av.

11th Av.

Redbud Dr.

7th

7th Av.

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21st Av. 23rd Av.

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Cedar Ct.

4th Av. 5th Av.

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13

21st Av.

Pioneer St.

Murray Ct.

Black Oak Dr.

4th Av.

18

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t Dr.

Augus

Oxford Dr.

Legendary Ln.

Pioneer St. Quail Ridge Dr. 28th C t.

August Dr. Cambridge Ct.

3rd Av.

8th Av.

Western Rd.

Ln.

Celia

August Dr.

Surrey Dr.

Dr . in Elv

Black Oak Dr. Countryside Dr.

Black Oak Dr.

22nd Av. 23rd Av.

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Dr. dar

Maple Av.

Maple Av.

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Arbor Cr.

mit

Maple Av.

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Elm Av.

Elmwood Cr.

Elm Av.

McElroy Pl.

Arrington Dr.

Virginia Av.

Virginia Av.

Brooke Av.

Sunrise Av.

Will Rogers Dr. Cimarron Pl. Cimarron Dr. Leland Frontier Dr. Linda Av. Willham Dr. Ct. Boyles Ct. Willham Dr. Manning Ct.

Connell Av.

Hanson

d.

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Rocky Ridge

r. dge D Fox Le

Kerr St.

Clevelan

d St.

McFarland St. . Kings St

Kings St. Orchard St.

Willis St. Willis St.

Dr. Ridge Dr. ge

Ridge Dr. Rid

McFarland St. Kings St.

Western Rd.

Dr. Ridge

Wicklow St.

Devon St.

Devon St. Wicklow St.

7th Av.

8

Camden

rR

Doral Ln.

Miller Av.

Krayler Ave.

e om

Fountain View Dr.

5th Av.

Will Rogers Dr.

Dryden Cr.

Hall of Fame Av. Mathews Av.

Lakeview Rd.

Bo

14

Cantwell Av.

University Av.

k Ln.

Country Club Rd.

22nd Av.

3

Scott Av.

Scott Av.

Morrill Av.

31st Av.

44th Av.

Turtle Pond Ct.

18th Ct.

e Roc

Isabell Pointe Dr.

Wentz Ln. University Cr.

Saddl

r. one D

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n St.

Helena Hts.

18th Av.

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29th Ct. 30th Av.

Woodland Trails Dr.

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17th Av.

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Connell Av.

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20th Av. 21st Ct.

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Sawgrass St.

Tanglewood Cr.

St.

Inverness Ln.

15

Culpepper

Savannah

Davinbrook Ln. Fiddlers Hill St. Berkshire Dr. Dublin Dr.

Fairfield Dr.

Fairfield Dr. Mansfield St. r Ridge Ct.

Hillside St.

Westridge St. Hillside Ct.

Pioneer St.

Sangre Rd. Murphy St.

Shumard Ct. Oak St. W. Shumard Dr.

Williamsfield

Rid lue Sprin B gdal Wo e Dr. odc res t Dr. 11th Ct. Edgemoor Dr.

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Squires St.

Willow Park Cr.

Fox Ledge Dr.

Aloysius Cr.

Monroe St.

Airport Ln. Lincoln St.

Lincoln St. Lincoln Brooke Lincoln St. St. Hollow Ct. Monroe St. Monroe Monroe St. St. Jefferson St.

Ivy Ct.

Liberty Ct.

McDonald St.

Willis St. McFarland St.

Ridge Rd.

Country Club Rd. Windsor Dr. 2nd Ct. Kea ts D r.

Abbey Ln. Windsor Dr.

Oak Ridge Dr. Basin Ridge Dr. r. ge D

Greystone St.

Stoneridge Dr.

Westwood Ln.Westwood Dr.

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Bristol Rd. Av. 24th Av.

Fox Ledge Ln.

32nd Av.

Briarcreek Dr.

Richmond Hill Rd.

Washington St. Garfield St.

Hunters Ridge Land Run Dr.

tD r. W rig h

d. sR ces

Preston Liberty Cr. Cr.

Airp ort Ind ustr ial A c

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Mark Circle

Charolais Dr.

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Bradley Pl. Sangre Rd.

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Scissortail Dr.

Stillwater NewsPress • Thursday, August 27, 2020

Shadow Creek Ln.

Persimmo

C8

19th Av.

18th Av.

Cantwell Av.

Emma Swim Ave. 11&12

Krayler Ave. Ridgecrest Av. Brooke Av. Moore Av. Franklin Ln. Knapp St.

177

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51

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Av.

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4th Av. 5th Av. 5th Av.

Scott Av.

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10th Av.

3rd Av.

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7th Av. 8th Av. 9th Av.

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5th Av.

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4th Av.

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9th Av.

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Hall of Fame Av.

1st Av.

8th Av.

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McElroy Rd.

Tyler Av.

Farm Av.

7th Av. 8th Av.

Boo

Reese Landing

Walnut St.

Tyler Av.

Harned Av.

Mohawk Av.

e Lak

Brooke Jefferson St.

Knapp

Oak Crest Rd.

Eastland Dr. Marcus Dr.

Swim Av.

Brooke Moore Franklin

Eskridge Av.

8th Ct. 9th Ct. Trenton Av.

Boomer Lake

Osage Dr.

oke r. Brollow D Ho

Hereford Dobi Ln.

Vena Ln.

4th Av.

Parkway Dr.

Liberty Rd. Preston Av.

Lakeview Rd.

Airport Rd.

Newman Av.

Hillcrest Av.

Lakeridge Av.

Rutledge Dr.

Windmill Ln.

Dr.

Tobacco Rd.

Preston Ln.

State Ln.

177

. Dr

Av.

Memory Ln. Country Ln.

Airport Rd.

ore

w illo

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t.

Cheyenne Av.

Harned Av. Madison Ct.

7

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St.

d Win

St.

Hartwood Av.

Os

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Ute Av. Ranch Av.

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r.

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Cherokee Av.

Harned Av.

Richmond Rd.

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B

10

gate Dr .

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Falls Dr.

Stillwater Municipal Airport

Lynn Ln.

North

Britton Ct. B Dr. ritton Greenbriar Cr. Dr. Au d Ma ene D rieD r. r. Greenvale Ct. Ct. side rook

Golf Dr.

Newman Av. Hillcrest Av. Brown Av.

lD mil

3rd Pl.

Husband Pl. Northgate Dr.

Stonecrest Ave.

Stonecrest Ct.

Park Pl. Tower Park Dr.

Richmond Hill Ct.

nd Husba

Richmond Rd.

Lisa Ct. Lori Ct.

3rd Av.

Chateau Ct.

Amethyst Ave.

Lake Sh

Lakeview Rd.

Ct.

yon

Can

Chateau Dr.

• Open Houses may be canceled in the case of inclement weather. If you have questions, please call the hosting REALTOR®.

Windsor Cr.

Topaz Ave.

Chateau Pl. Peaceable Acres Rd.

• All Open Houses are Sunday unless otherwise indicated.

RE/MAX Signature 10. 1117 W. Brown – 1-2:30 p.m. … Vicky 11. 1010 E. Swim – 3-4:30 p.m. … Vicky 12. 1120 E. Swim – 3-4:30 p.m. … Vicky 13. 1719 Young – 1-2 p.m. … Kristin 14. 3308 Sawgrass – 3-4 p.m. … Kristin 15. 5002 Woodland Trails – 1-2:30 p.m. … Cheryl 16. 2022 Cedar Ct. – 3:30-5 p.m. … Cheryl

Burris Rd.

Burris Rd. 177

Week of Sunday, Aug. 30, 2020

Coldwell Banker Team Stillwater LD O Mike 1. 1117 W. Newman Ave. – 1-3 p.m.S… Fisher Provence 2. 1615 S. Springfield St. – 1-3 p.m. … Kim 3. 26 Brentwood Dr. – 3-5 p.m. … Kim Frontier Realty 4. 5906 Hallies Meadow – 1-3 p.m. … Cassie 5. 6030 Haydens Brook – 1-3 p.m. … Cassie 6. 2430 Trio Ranch – 1-3 p.m. … Cassie The Houck Agency 7. 3124 N. Monroe – 1-2 p.m. … Barbara 8. 1105 E. Camden Lane – 2-3 p.m. … Barbara Real Estate Professionals 9. 1423 N. Ramsey – 1-2:30 p.m. … Ann

Jardot Rd.

OPEN HOUSEMap

Yost Rd.

Perkins Rd.

Yost Rd.


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