September 24 Real Estate Weekly by Stillwater News Press

News Press Stillwater

REALESTATE W e e k ly

September 24, 2020

2.86% The 30-year fixed-rate mortgage reached a new all-time low, averaging 2.86% according to Freddie Mac.

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

$419,000

164 S. Kings St.

$295,000

1113 Keely Ct.

“Opening Doors Since 1984”

Fisher Provence Realtors Inc.

www.fprealtors.com 405-377-1000

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se Hou .m. n e Op y 3-5 p da Sun

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stwnewspress.com » Classifieds » Real Estate Weekly to download the current PDF edition and see participating Realtors. To advertise your home in Real Estate Weekly, call (405) 372-5000.

$130,000

26 Brentwood Dr.

Stillwater NewsPress • Thursday, September 24, 2020

Home improvement on the cheap There are several ways to save money when launching a new construction or remodeling job. One of the best is to shop at the “ReStores” that are operated by the nation’s largest not-for-profit housing group, Habitat for Humanity. DEAR MR. MYERS: I recently heard that one of my favorite charities, Habitat for Humanity, also operates several retail stores that offer some good bargains in things like construction materials, appliances and other home-improvement items. Is this true? If so, how can I find a store near me? ANSWER: Habitat for Humanity, which has built more than 300,000 homes for low- and moderate-income persons in the U.S. and rehabilitated countless more, is one of my favorite non-profit groups too. And yes, it’s true: Most of the group’s so-called “Habitat ReStores” sell a variety of construction and home-improvement items, from lumber and paint to furniture and appliances. Items sold at the ReStores are typically donated by local retailers, builders, contractors and individuals – which allows Habitat to sell the items at a deep discount to what

time for a good agent to market the property effectively, but also allows the seller to release the salesperson without paying a commission if the agent hasn’t found a buyer when the three-month time frame is up. DAVID MYERS Of course, sales in many parts of the you would normally marked “Search for country remain slow. pay. Money from Affiliates/ReStores.” Although I would the sales is used to Or, you can contact still never sign a sixbuild or rehab even the nearest office of month agreement more homes, usually Habitat and ask for with an agent, might consider a fourin the same generthe phone number month term if sales al area where the of the store that is in my particular stores are located. closest to you. area were softening Some of the items ••• and I was unusually at the stores are DEAR MR. impressed with the brand-new, while MYERS: My wife others are used but and I have been in- agent’s skills and proposed marketing in good condition. terviewing several plan. Donations come real estate agents With sales coolin often but on an to sell our home. ing as the market unscheduled basis, Two of the agents heads into its usual which means the want a 90-day sale items you want agreement, another autumn and winter might not be availwants a four-month doldrums, even some of the best agents able today but that deal, and two othneed a few extra you could find a ers say that they weeks to properly large selection of won’t market our market a home and them a week or two property unless we then shepherd the from now. sign a contract for deal through to closThe best way to six months! How ing day find the nearest long should a typi••• ReStore is to visit cal sales agreement THE RE/MAX SIGNATURE EXPERIENCE DEAR MR. Habitat for Humanlast? Dedicated professionals providing unrivaled service. MYERS: I want to ity’s internet web ANSWER: I ususite (www.habitat. ally tell sellers to in- buy my first house, org/restores) and sist on a 90-day list- so I am following your recent advice then enter your ing contract. That’s to have the propZIP code in the box typically enough

ABOUT REAL ESTATE

RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 405.533.3000 | StillwaterSignatureRealEstate.com

Gina Killough

GinaKilloughHomes.com 405.612.2210

Ted Newlin

TedNewlin.Realtor.com 405.714.5309

Tina Darr

Cheryl Carpenter Martin

CherylCarpenterMartinHomes.com 405.880.7354

Vicky Jerome

VickyJeromeHomes.com 405.747.7239

erty inspected by a professional. What does a professional inspector look for? ANSWER: According to the American Society of Home Inspectors – a trade association that represents more than 3,000 certified inspectors across the nation -- a typical inspector’s report should cover the condition of the home’s heating system, its central air-conditioning system, and its insulation. The inspector should also review the roof, the home’s attic, all of its walls, the windows and doors, and its foundation and basement too. You can find more information at the association’s web site, www.homeinspector.org. ••• Our booklet, “Straight Talk about Living Trusts,” explains how even low- and

middle-income homeowners can now reap the same benefits that creating an inexpensive trust once provided only to the wealthiest families. For a copy, send $4 and a self-addressed, stamped envelope

NEW LISTING - 4723 N BRITTON DRIVE - 3 BD / 2 BA / 2-car attached garage. The entry has a beautiful rock wall with a rock fireplace and a vaulted ceiling in the living room, large open family room. The backyard overlooks the big pond with fishing privileges. Many updates in this Parkview Estates home. ................................................... $189,500 $

189,900

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. ....................... PRICE CHANGE 905 S BLUE RIDGE - 4 BD / 3 BA / 2-car garage........................................................$296,500 SOLD 1711 N LINCOLN - 4 BD / 3 BA / 3-car attached garage. ..........................................$284,900 SOLD

HOUSES FOR RENT - No pets or smoking 615 S McFarland - 3 BD / 1 1/2 BA - 1618 E Willham - 3 BD / 2 BA

Candy Yundt

CandysHomes.com 405.742.4525

Call Barbara Today!

Dedicated professionals providing unrivaled service. Brooks Thomas

BrooksThomasRealty.com 405.880.3476

219,900

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

THE RE/MAX SIGNATURE EXPERIENCE Stillyhomes.com 405.697.0045

to D. Myers/Trust, P.O. Box 4405, Culver City, CA 902314405. Net proceeds will be donated to the American Red Cross. Send questions to that same address, and we’ll try to respond in a future column.

Julie Bahl

StillwaterHomeTeam.com 405.762.3744

RE/MAX SIGNATURE 114 W. HALL OF FAME, STILLWATER, OK 74075 405.533.3000 | StillwaterSignatureRealEstate.com Kasey Longan

RealtorMomPro.com 405.880.5569

Amanda Meberg

admeberg@gmail.com 405.612.2096

Candy 22 Yundt OPEN-HOUSE JAN. Brooks Thomas SUN. Gina Killough OPEN HOUSE SUNDAY SEPTEMBER 27TH Beth Peterson

BethPetersonHomes.com BrooksThomasRealty.com GinaKilloughHomes.com 405.880.4370 405.880.3476 405.612.2210 2618 Lyndsey Ct.

1-3

CandysHomes.com Beth 405.742.4525

6209 W. Canterbury Tina 308 S Keats 2220 W 9th 1010, 1122 1-2:30 and 1124 Stoneridge Dr. E Swim12-1:30 1:00-2:00 1210 Ave. Julie 2:30-3:30 Julie Bahl Ted Newlin Kasey Longan Kristin Dondlinger www.propertyjustforyou.com 2:00 -3:30 Kristin Dondlinger StillwaterHomeTeam.com TedNewlin.Realtor.com 405.762.3744 405.714.5309 405.880.5569 Vicky Jerome

Insurance and real estate Serving Stillwater Since 1950

Each office independently owned and operated.

Tina Darr

Stillyhomes.com 405.697.0045

Cheryl Carpenter Martin

CherylCarpenterMartinHomes.com 405.880.7354

Amanda Meberg

admeberg@gmail.com 405.612.2096

BARBARA HOUCK

BROKER/OWNER, GRI

30+ years of experience

BARBARA HOUCK - REALTOR® - 747-8804 KENT HOUCK - REALTOR® - 372-7060 JOHN GAGE - REALTOR® - 612-6068

372-5343 x130

www.houckagency.com • 8 MAIN PLACE/Ste. 2 • DOWNTOWN STILLWATER

Horticulture tips for October edu. laws regarding marital status, sexual • Some fall leafy To access OSU non-discrimination orientation, gender vegetables such as fact sheets, go to and affirmative identity/expression, spinach and lettuce https://extension. action. Oklahoma disability, or veteran can still be plantokstate.edu/factState University is status with regard ed, assuming some sheets/ committed to a policy to employment, edfrost protection is Oklahoma State of equal opportunity ucational programs available for early University, as an for all individuals and activities, and/ cold snaps. or admissions. For equal opportunity and does not dis• Consider plantmore information, employer, complies criminate based on ing a cover crop for KEITH REED visit http://eeo.okwith all applicable race, religion, sex, vegetable gardens federal and state color, national origin, state.edu to improve the soil reached via email at keith.reed@okstate. and increase the organic matter content. Crops like Austrian winter peas, wheat, clover and rye are all good choices for our area. Cole Graves Dolores Lemon Tiffany Aranda Terry Essary Realtor Associate CRS, CRB, GRI If you have heavy GRI, CRS Realtor Associate 405-334-3588 Broker/Owner Broker Associate 405-742-6424 clay soils, add tur405-747-7822 405-714-1214 nips to the mix. www.stw-realestatepros.com downtownstw.com Note: a good cover 405-372-5151 crop planting is Downtown Office - 723 S. Main Street considered a gourBringing Buyers & Sellers Together .... Professionally met dinner table for Kyle Bottger NEW LISTINGS AND PRICE CHANGES Donna Rhinehart deer so be aware Realtor Associate 2221 W 3rd Ave.- 4bed 2.5bath 2car garage 2654 sq ft LOCATION LOCATION-$280,000-Amy GRI, CRS of this if you are 405-612-6724 4909 W. Briarcreek Dr.- One of the last lots in SW gated community-$65,000-Donna Realtor Associate known to have deer 405-612-0509 207 E. Maple Ave., Perry - 2bed 1bath 1 car garage Storm Shelter 1131 sq ft - $78,500 - Dolores 3337 W. Charleston Ct. - Nice lot in Berry Creek a gated community - $39,900 - Donna in your area and do 115 W. 13th Ave. - WHY PAY RENT? 2bed 1bath 720 sq ft - $75,000 - Amy not want them in 0000 E 56th - 81.10 acres m/l ¼ mile West of Rose Rd - $308,000 - Lori your garden. 2707 W. 44th - 15.86 acres Will Divide Look for signs West of Western - $317,000 - Lori Cedar Oaks & 19th - 7.48 acres m/l in City Limits - $350,000 - Lori • Begin preparing 3317 E 6th - Commercial Buildings Great for Restaurant - $649,000 - Melissa sensitive potted Melissa Woods 708 W 10th, Stw - 2bed 1 bath 2 Story 1156 sq ft Leased till 6/2021 - $124,500 - Dolores Jack Allred GRI 1601 E. 4th, Stw. 3bed 2bath 1car garage 996 sq ft UPDATED $130,000 Ann plants for their Broker Associate Realtor Associate 800546 S. 3450 Rd., Agra 2bed 3bath 2car garage 2957 sq ft 5am/l Shop $235,000 Lori move indoors by 405-747-8647 405-385-2035 6019 S Country Club Rd. - 60 acres ready for you to build. - $550,000 - Tiffany gradually moving 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 them to the shade, 4720 Turtle Pond Ct. - NEW CONSTRUCTION4bed 3bath 3car garage 2635 sq ft - $415,000 - Donna thus slowly reduc0000 S. Country Club Rd. - 20 Acres on Paved Road - $200,000 - Ann ing light levels. It 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 is also a good idea 1610 N. Benjamin - 3bed 1 bath 1326 sq ft Leased thru 7/2021 - $129,000 - Donna Jennifer Oliver Amy Parsons to inspect the pot 1605 S. Aetna - 1.19 acres m/l in TOWN Just think what you could do! - $25,000 - Ann GRI GRI and plant closely Realtor Associate 1311 Falls Dr. - .99 acres m/l Nice large lot for new home - $90,000 - Tiffany Realtor Associate 405-612-4984 5007 Briarcreek .68 acres m/l Lot in Gated Community for Your New Home $52,000 Donna for signs of rodents 405-714-0882 5907 Hallies Meadow - NEW CONSTRUCTION 4bed 2bath 2car garage 2175 sq ft - $322,500 - Lori or insects before 5607.1 S Mehan Rd., Ripley - 41.52 am/l Prime Land - $349,000 making the indoor 4205 Briarcreek Terr. - 5bed 3.5bath 3car garage 4774 sq ft - $599,000 - Donna 4717 S. Turtle Pond Ct. - Great ½ acre m/l Lot for your building pleasure - $45,000 - Tiffany move.

HOME GROWN

Lori Kastl CRS Realtor Associate 405-880-2844

Dianna Norman Realtor Associate 580-761-3926

Ann Morgan Realtor Associate 405-614-9600

Don Zhao Realtor Associate 202-848-2120

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

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 OPEN HOUSE SUNDAY, SEPTEMBER 27TH 2221 W. 3rd Ave.-$280,000- 1-2 pm-Amy

Stillwater NewsPress • Thursday, September 24, 2020

Consider the following landscape/ garden tasks as we transition into fall: • Early fall rains have been spotty and generally a bit short to supply plant needs. Although landscape plants don’t need the same amount of water now as they do in the heat of summer, adequate moisture is important so that they enter the winter in good condition. Keep an eye on soil moisture and water as needed. • Continue planting cool season ornamentals like pansies, kale, snapdragons, asters and mums. • Spring flowering bulbs such as tulips, hyacinths, crocus, and daffodils can also be planted beginning later this month. • October is also a great month to plant trees. Purchase quality plants that have proven themselves in this part of the world. However, you want to avoid overplanting a single species. The Extension office can provide some direction if you are unsure which trees to select. • Cool season lawn seeding can still be done in October, although the earlier in the month, the better to take advantage of ideal growing conditions.

Millennial Money: Home costs don’t stop at a down payment By Sara Rathner

Stillwater NewsPress • Thursday, September 24, 2020

NerdWallet

If you’re saving for your first home, there’s no shortage of advice out there – some of it questionable, even if you do have an avocado toast habit. Still, it’s true that your down payment may be the biggest check you ever write. But once you move in, it’s also true that the cash tends to just keep flying out of your bank account like that moneywith-wings emoji. If you drain your savings on closing day, you’ll have to delay furnishings or repairs, to say nothing of less-pressing cosmetic changes. A sizable cash cushion makes the cost of owning a home more manageable. But even if you lack that cushion, it helps to at least know what to expect and what else you may need to finance or start saving for again. Here’s what I learned. 1. THINGS WILL BREAK I’ve lost count of the handymen, electricians and plumbers who have paraded through the home my husband and I bought in October

2019. As I type this, our dryer is being repaired for the second time since we moved in. All told, we’ve spent around $1,300 on small fixes. Repairing issues yourself is cost-effective, but only if you know what you’re doing. If a repair involves dangerous work, or you lack the skills and equipment to do it safely and correctly, hire a licensed and insured professional. WHAT SHOULD YOU DO? • PAY CLOSE ATTENTION TO THE HOME INSPECTION. “Leaking roofs, mold, electrical and plumbing issues are the mostly commonly noted concerns on an inspection report,” says Day Coker, owner of AC by Day C, an HVAC maintenance and repair company based in High Point, North Carolina. If the inspection turns up issues, negotiate with the seller to either repair them or lower the selling price. • FIND OUT THE AGE OF MAJOR APPLIANCES. When you can estimate how many years an appliance has left, you can save up for its

replacement. •CREATE A REPAIR FUND. Aim to save around $5,000, says Chelsea Lipford Wolf, cohost of the “Today’s Homeowner” TV show and creator of “Checking In With Chelsea,” a home improvement blog and video series. “That would cover most home systems that you would need to repair to keep your house running.” 2. YOU’LL WANT TO MAKE YOUR HOUSE A HOME As a renter, you may have put up with lumpy sofas or rickety chairs, thinking eventually you’d have “real” furniture in your own home like the kind you see at a carefully staged open house. But you’re purchasing a structure; the furnishings typically don’t come with it. We spent around $8,000 on furniture this year. Another sneaky expense? Smaller accessories like towel racks, shower curtains, shelves, and storage bins that make a space functional. WHAT SHOULD YOU DO? • SAVE ON FURNITURE

AND DECOR. Brand-new, solid wood furniture is expensive, but antiques are well-constructed and can be had for a fraction of the price. Between antique stores, estate sales and Craigslist, we spent less to score high-quality pieces. • DO THE SMALL STUFF YOURSELF. When in doubt, watch a tutorial on YouTube or ask for guidance at a hardware store. I’ve hung art, shelving and curtain rods, and our current project is painting our guest room, which doubles as my office. We hire a handyman only for more complicated work. • PLAN FOR THE BIG STUFF. “Beyond the first year, that’s when you see people taking on bigger projects,” Wolf says. “They’ve had a chance to live in their house and use the space.” Begin to budget for renovations, especially if you need to hire a general contractor. Wolf recommends getting on the contractor’s schedule during their low season and buying some items when they happen to be on sale, even if the

installation has to wait. 3. EVEN ‘MOVEIN-READY’ HOMES NEED WORK A new neighbor told me she spent $500 on an electrician to replace older, ungrounded electrical outlets throughout her house. We lucked out with modern outlets, but not enough of them. We hired an electrician at $75 an hour to install more than a dozen additional outlets. Neither our house nor our neighbor’s was sold as a fixer-upper. “The first year

of homeownership is usually spent finding out all of the flaws you didn’t notice during open house and the final walkthrough,” Coker says. WHAT SHOULD YOU DO? •BE NOSY AT THE OPEN HOUSE. Pepper the real estate agent with questions, flip all the light switches and open all the closets. Look for furniture in an illogical place, which may be covering damage. “It’s perfectly acceptable to lift up a rug to make sure there’s nothing funky under

there,” Wolf says. • ASSESS WHAT CAN WAIT FOR LATER. Your home inspector can identify what needs to be fixed now and what can wait. You can begin saving for future renovations while you make do with the cramped kitchen or lackluster backyard. • DON’T PUT OFF MAINTENANCE. Little issues balloon into expensive repairs. Routine maintenance on even new appliances and systems can help them last longer and run more efficiently.

405.624.2626 www.c21global.com 131 N. MaiN, Stillwater

DEFY MEDIOCRITY + DELIVER EXTRAORDINARY Linda Schmidt Broker

405.880.3048 Bailey Williams

405.714.4037

Property Manager

Alane LeGrand

405.747.6950 Judy Kasso

Rosetta Heppel

405.880.0869 Virginia Cussner 405.747.7601

Beverly Carter

405.743.9618 Diana Field

Sandy Blankinship 405.269.9523 Oscar Fortune

801.824.8166

405.747.4684 405.747.6042

Mike Branson

405.612.5347 Thomas Jenkins 405.780.3204

Tana Rutan

405.612.1496 David Heppel

405.269.6907

Factors to consider when buying Home ownership is a dream for many people. In fact, buying a home is considered by many people to be a major life accomplishment. Various factors determine what makes a home an attractive place to live. While some considerations may overlap, others may be unique to individual buyers. Those new to the real estate arena may want to consider the following factors as they search for a new place to call home.

panies and municipal governments. Property taxes will usually be factored into a monthly mortgage payment, and how high (or low) taxes are can turn an affordable mortgage payment into something that can break a budget. When calculating payments, be sure

to include property taxes in your estimates. 2: Job security/ availability The financial resource Fortune Builder says to consider your job security before taking the home ownership plunge. Before committing

to an investment as substantial as a home, ensure that you are secure in your job. Similarly, if you are relocating for job prospects, verify that the new location has a thriving job market. 3: Local schools For potential homeowners with

children or those planning on becoming parents, area schools should merit significant consideration. Research school rankings and reviews, but know that rankings can change. American Family Insurance Company says to also look at the school budget

OPEN HOUSE SUNDAY 2-4 PM 6036 Hallies Meadow $330,000

Exciting New Construction in popular Trio Ranch subdivision. A spacious 2250 sf of living space with 4 bd/ 2 baths and walk-in closets in every bedroom. Leathered granite counters in kitchen. This new construction has some wonderful qualities and is one you are going to want to see! Call Connie today for additional information! Connie Stokes Broker Associate, CRS, GRI 405-612-0016

6029 Hallies Meadow 3BR, 2BA, 2,156 sq. ft. $311,900

NEW PRICE! P ING

IMM

219,500

Metro Creative

OPEN SUNDAY 1-3 ~ DAVID

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5: Lifestyle options Quality nightlife, arts and history, community events, proximity to cultural centers or cities, and other factors are at play in choosing a home. Make sure your new community allows you to still enjoy the things you’re passionate about. Buying a home involves considering various factors that can affect your budget and quality of life. – Metro Creative

405-547-2000

1710 N WILDWOOD DRIVE

3BD/2B/1,876 sq. ft.

Do you remember the house you always wanted to visit when you were a kid? Well, this is it! 3 bedrooms, 2 full baths, study full of book shelves. Lot and lots of storage space and, oh yeah, a pool! Complete with deck, cabana, and sun room (bonus sun room is not included in the square footage). Oversized two car garage. Quiet street hidden in the middle of town. Come see for yourself!

602 S. West St. Suite A, Stillwater, OK 74074 405-372-8326 • www.teamstillwater.com

OPEN SUNDAY 1-3 ~ CASSIE

4: Commute times Home ownership involves both lifestyle and financial decisions. Calculate the time it will take to travel to and from work when considering a certain town or neighborhood. Find out if there is mass transit and what options are avail-

able for off-hour travel needs.

Stillwater NewsPress • Thursday, September 24, 2020

1: Property taxes Property taxes can greatly affect the overall cost of living in a particular home. The real estate company RedFin says property taxes are generally levied by each county and often include taxes paid to schools, utility com- Home ownership involves both lifestyle and financial decisions.

history of towns you’re considering to see if residents prioritize funding for education. This can be a measure of how important education is in a given community.

Soaring wealth highlights rising inequality

Stillwater NewsPress • Thursday, September 24, 2020

By Christopher Rugaber

group, show that the highest-paying oneAP Economics Writer third of jobs have almost fully recovered from the recession, WASHINGTON – Americans’ house- while the lowest-payhold wealth rebound- ing one-third of jobs remain 16% below ed last quarter to a pre-pandemic levels. record high as the The wealth data stock market quickly “highlights the inrecovered from a equalities in the pandemic-induced recovery in the sense plunge in March. that high-income Yet the gains flowed mainly to the workers not only most affluent house- have jobs that for the holds even as tens of most part have come millions of people en- back; they also have dured job losses and savings that have continued to grow,” shrunken incomes. said John Friedman, The Federal Rean economist at serve said Monday Brown University that American who is co-director households’ net worth jumped nearly of Opportunity In7% in the April-June sights. The richest onequarter to $119 tenth of Americans trillion. That figure owned more than had sunk to $111.3 two-thirds of the trillion in the first nation’s wealth, acquarter, when the coronavirus battered cording to Fed data through the end of the economy and March, the latest pesent stock prices riod for which figures tumbling. are available. The Since then, the S&P 500 stock index top 1% owned 31%. The small financial has regained its recushion for most cord high before losing some ground this households could force many consummonth. It was up 2.8% for this year as ers to cut back on spending in the comof Friday. The teching months, now that heavy Nasdaq has government financial soared more than aid such as enhanced 20% this year. unemployment benThe full recovefits has expired. ery of wealth even Any significant such while the economy cutback in spending has regained only would, in turn, weakabout half the jobs lost to the pandemic en the economy. Household wealth recession underreflects the value of scores what many Americans’ homes, economists see as plus bank accounts, America’s widening stocks, bonds and economic inequalother assets minus ity. Data compiled mortgage debt, auto by Opportunity loans, credit card Insights, a research

debt and other borrowing. (The figures are not adjusted for inflation.) During the AprilJune quarter, the value of households’ stock portfolios rose $5.7 trillion, the Fed said. Home values grew $500 billion. Americans also sharply increased their savings last quarter, likely reflecting a cutback in spending by wealthier consumers nervous about the virus’s threat to the economy. The federal government’s financial assistance in the form of $1,200 checks and $600 in weekly unemployment benefits also likely allowed some lower-income households to save more. That government assistance has since expired. The amount of money in checking accounts jumped n 33% to $1.8 trillion. Ope Savings accounts rose 6.1% to $11.2 trillion. Federal Reserve Chair Jerome Powell has repeatedly expressed concern about widespread inequality in the U.S. economy and last week said it is likely inhibiting growth. “Those are things that hold back our economy,” Powell said at a news conference. “If we want to have the highest potential output and the best output for our economy, we need that prosperity to be very broadly

spread.” Yet many analysts say the Fed’s policies have inadvertently contributed to inequality by disproportionately benefiting stockholders. The central bank has cut its benchmark shortterm interest rate to nearly zero and is buying about $80 billion in Treasurys a month. Both moves have kept rates on government bonds ultra-low, thereby encouraging investors to plow money into stocks and boosting share prices. The Fed has also bought about $12 billion in corporate bonds and exchange-traded funds made up of corporate debt. Those purchases are intended to ensure that the corporate bond market functions smoothly 1-3large corpo. andnthat u Srations can borrow by issuing debt. Its purchases have been relatively small relative to the size of the overall market. But the Fed’s actions have restored confidence in the bond market and enabled large U.S. companies to embark on a borrowing binge. The Fed’s report Monday showed that business debt jumped 14% in the second quarter, after an even bigger rise of 18.4% in the first quarter. Amanda Fischer, policy director at the Washington Center for Equitable

Growth, a progresissued Monday pointsive think tank, said ed to huge gaps in that the Fed could wealth along racial have required those lines. companies whose White households bonds it bought to owned nearly 85% of keep all their worktotal wealth at the ers. Instead, for end of March. Black example, the Fed households owned has purchased bonds just 4.4%, Hispanics issued by ExxonMo- 3.2%. bil, yet that company Much smaller has said it is consid- financial resources ering layoffs. mean that many “The Fed did have nonwhite housethe opportunity to holds are forced to attach conditions to sharply cut spending the lending, and they after a job loss or chose not to,” Fischer reduced incomes. said. Research by econoPowell and many mists Peter Ganong economists have said and Damon Jones that another finanat the University of cial rescue package Chicago found that from Congress would Black Americans cut boost the economy spending 50% more and help narrow than whites when inequality, because faced with the same Congress can provide income losses. Hisadditional direct panics reduced theirs payments and more by 20% more. jobless aid. Yet there -3 Even with house1 is no signs of a deal un. hold wealth at a reS in Congress.en cord high, millions of Op the Fed people face the threat The data

of eviction or going hungry. A Fed report released Friday found that nearly one-quarter of adults said their family had received some form of economic help since the pandemic began, whether from unemployment benefits, food stamps or donations of groceries from charitable groups. Nearly 23 million adults live in households in which there wasn’t enough to eat at some point in the past seven days, according to the Census Bureau’s Household Pulse survey. The rebound in wealth “is not enough to say that the economy is back,” Jones said. “People have lost their jobs, they’re working less because it’s dangerous and risky and New their hours have Price! been cut.”

4812 Oakcrest Rd $275,000

Wonderful one-owner home, better than new! 4BR, 2BA, a large granite bar separates kitchen from the living area for an open feel. Pleasing floor plan with bedrooms split two and two. Garage has storm shelter. Covered patio, privacy fence and a quality outbuilding. Just 3 miles from OSU and close to shopping. See more of this home at www.WeLoveSellingStillwater.com

Fisher Provence, REALTORS®

(405)377-1000 Page Provence, CRS Broker Associate (405) 612-0194

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Stillwater NewsPress â&#x20AC;˘ Thursday, September 24, 2020

Mobile

Yost Rd.

To Cimarron Turnpike

McMurtry Rd.

Quartz Dr.

Evergreen

Ct.

Ma rie

Dr.

Teal St.

Bluestone St.

Perkins Rd.

Knoblock St.

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

t. Lew is S

Lowry St.

Lowry St. 37th Av.

35th Av. 36th Av.

37th Av.

44th Av.

Hunters Cr.

Dr. Deerfield

Wild

Turkey Pass

Vista Ct.

Cottontail Ln.

1&4



Vista Ln.

Jardot Rd.

Perkins Rd.

Husband St.

Washington St.

Western Rd.

Sangre Rd.

Timberline Dr.

177

Katy

Hightower St.

S. Westchester St.

Henderson St.

Mockingbird Ln. Collins Ct. Colby Lance

Villa Dr.

Drury Ln.

Eastgate St.

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4th Av.

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4th Av.

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Jardot Rd.

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Wedgewood Dr.

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

Lowry St.

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Husband St.

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ro yb

nn Su

nn y Ct bro . ok

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Dr .

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Hartford St. Dryden St. Redbud Ct.

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West Bl.

15th Av.

Connell Ct. Connell Av.

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Whitney Ct. McElroy Rd.

er ightow

Park Dr.

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Keller Dr.

Husband St.

Crescent Dr.

r. an dD sb Hu

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Hester St. Knoblock St. Knoblock St.

Washington St. Bellis St.

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Washington St.

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Pl.

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Adams St.

Blakely St. Stanley St.

Pine St.

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McFarland St. Kings St.

Willis St.

Silverdale

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Wil liam

Pa rk Gr vie ee w C nv r. ale Cr Da . vis Ct.

Ramsey St. Ramsey St.

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n St. Monroe St. Jefferson St.

Lincol

Monroe St.

Clevelan

Kerr St.

Walnut St. Melrose Dr. Pine St. Redwood St. Gray St. Cleveland St. Stanley St. Garfield St.

Kings St. Orchard St.

Willis St.

e D Ridge Dr. r. Willis St.

Ridge Dr. Rid g Western Rd.

t Dr.

Augus

Hartford

Richmond Hill Rd. Duncan

Nancy Lee Dr. Washington St.

Garfield St. Cleveland St.

d St.

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Western Rd.

Dr. Ridge

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Celia

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

Oxford Dr.

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Dr . in Elv

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Eagle Summit

Rocky Ridge

r. dge D Fox Le

son

Karr Ct.

e om

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Cedar Ct.

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Ct.

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August Dr. Cambridge Ct.

24th Av.

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Elmwood Cr.

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Arrington Dr.

Virginia Av.

Krayler Ave.

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

Connell Av.

Hanson

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k Ln.

Doral Ln.

Miller Av.

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Arbor Cr.

e Roc

Isabell Pointe Dr.

18th Ct.

Camden

7th Av.

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r. one D

st Wood

n St.

Helena Hts.

5th Av.

Will Rogers Dr.

Dryden Cr.

Hall of Fame Av. Mathews Av.

Lakeview Rd.

Fountain View Ct.

Red Rose Dr.

Aloysius Cr.

22nd Av.

Cantwell Av.

Scott Av.

University Av.

31st Av.

Woodland Trails Dr.

Pheasant Eagle Creek Ave. Ridge Ave.

Ct. . nery ock Ln R dle Sad

Ln.

Deer Crossing Dr.

18th Av.

Ln.

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Inverness Ln. Fox Ledge Dr.

17th Av.

Quail 25th Av. Ridge Ct.

Shin

Park

Fox Ledge Ln.

32nd Av.

Black Oak Dr.

St.

k Dr.

Lom

Murray Ct.

Ceda

Savannah

Willow Park Cr.

Black Oak Dr. Countryside Dr.

St.

15th Av.

Connell Av.

13th Av. 14th Av.

20th Av. 21st Ct.

erd aV

Sawgrass St.

Tanglewood Cr.

Fairfield Dr.

Fairfield Dr. Mansfield St. r Ridge Ct.

Hillside St.

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

Shumard Ct. Oak St. W. Shumard Dr. Williamsfield

Westridge St. Hillside Ct.

Pioneer St.

Sangre Rd. Murphy St.

Squires St.

Charles Dr.

Ridg lue Sprin B gdal Wo e Dr. odc re 11th Ct. st Dr. Edgemoor Dr.

Iba Dr.

Oak Trail Dr.

eld

Bristol Rd. Av. 24th Av.

Fox Ledge Ct.

Briarcreek Dr.

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.

e Dr.

Greystone St.

Stoneridge Dr.

Westwood Ln.Westwood Dr.

d. Walking Trail Dr .

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low

Chapel Hill

Chateau Ct.

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

Valley Dr.

Mark Circle

Charolais Dr.

Warren Drive

Valley View Bradley Pl. Sangre Rd.

Keely Ct.

Range Rd. Crosswinds

Stoneyb rook St.

k Cree lder

Bou

Vil la

ge drid W oo

Range Rd.

Wil

Austin Ct.

wbric

ntry

Av.

Emma

9-11

Swim Ave.

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

177

a Ct.

uit Chiq d Ct. woo Wild Brentwood Dr. n Dr. Peca Redbud Dr. Redbud Dr. Randolph Ct. Eskridge Av. Windrock Hartman Av. Cr. Tyler Av. Tyler Av. Highview Av. rgia

Cantwell Av.

Morrill Av.

12th Av.

11th Pl.

P rrey

19th Av.

e nic Eu

Lyndsey Ct.

Shadow Creek Ln.

Scissortail Dr.

Stillwater NewsPress • Thursday, September 24, 2020

Shiloh Creek

r. k D r. r. 15th Av. Old Forest D D roo stb hire ar Charleston Cypress Mill We orks alam Y Sh 18th Ct.

7th Av.

10th Av.

Knotts Av.

18th Av.

Persimmo

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

Wehr Ln..

Dells Av.

Wiley St.

3rd Av.

Scott Av.

Benjamin

kor

Westbrook Ct. 15th Av.

Yello

Cove

St.

Lauren Lane

Keller Dr. Lakeview Ct.

d Dr.

Wil

Hic

land Ct 18th Av. . Ja Lind a Lou Ct. Loper Billin gslea Ln. Ct.

Summer Hill Ct. Germaine Ct.

Mercury Av.

Liberty Dr.

woo

C low

Murphy Dr.

Charring Cross

liff

Crestview Ct. Cowboy Ct. High

Woodlake Dr. Deer Creek Ct.

Canterbury

Bria

od Wo Crestview Av.

rfie

Wentz Ln. University Cr.

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

Country Club Dr.

Dr.

Ashbury

Sunset Av. University Av.

5th Av.

Richfield Ct.

. Club Dr . Country Club Ct Country 14th Av. Woodland Ct. Oakfield Ct. r. 16th Av. D

d lan

St. Tyler Av.

Farm Av. Olive Ln. Drummond Av. Athletic Av. Monticello Dr.

Arrowhead Pl.

Arrowhead Av.

Aggie Dr.

ood

Kenslow Dr.

nshir

Devo

Admiral Av. Sherwood Av.

4th Av.

Prescot Dr.

w gle Tan

Durham Ct. Ashford Ct.

11th Av.

8th Av.

Ashton Ave.

VillasCt.

Frontage Road 7th Av.

Fairway Dr.

ointe en P Gard ill ng H Spri Deer Run Ct.

Dr.

den

Hid

Cr.

5th Av.

e Ridg

5th Pl.

Oak

Pecan Lake Av. Trenton Ct. Pecan Trail Ct.

coln

Lin

Osage

Wild

Pecan Hill St.

Oakdale

10th Av.

Rd.

Scott Av.

Miller Av.

Virgina Av. 2nd Av.

9th Av.

lha

Wil

Thomas Av.

t Dr. nw hurs r. Gle D

Gle

Geo

Franklin Ln.

Dr. nett Graham Av. Ben Will Rogers Dr. Eskridge Av. Eskridge Av.

Eskridge Pl.

Hall of Fame Av.

1st Av.

8th Av.

mer

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.

Rutledge Dr.

Windmill Ln.

Hillcrest Av.

Lakeridge Av.

Lakeview Rd.

Airport Rd.

Newman Av.

. Dr

St.

d Win

te Sta

Dr.

Tobacco Rd.

Preston Ln.

State Ln.

177

Harned Av. Madison Ct.

Thomas Av. Frances Av.

Memory Ln. Country Ln.

Airport Rd.

ore

w illo

Harned Av.

Av.

Cheyenne Av.

Newman Av. Hillcrest Av. Brown Av.

Liberty

Arapaho Av.

Lake Sh

Dr.

sse

Ute Av.

Hartwood Av.

lD mil

3rd Pl.

Cla

Rogers Dr.

Ranch Av.

age

Richmond Rd.

ers

Rog

Cherokee Av.

gate Dr .

St.

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.

Lisa Ct. Lori Ct.

3rd Av.

Stonecrest Ave.

Stonecrest Ct.

nd Husba

Richmond Rd.

Park Pl. Tower Park Dr.

Richmond Hill Ct.

Husband Pl. Northgate Dr.

Falls Dr.

Lakeview Rd.

Ct. yon Can Amethyst Ave.

Chateau Pl. Peaceable Acres Rd.

• All Open Houses are Sunday unless otherwise indicated.

Windsor Cr.

Topaz Ave.

Chateau Dr.

Week of Sunday, Sept. 27, 2020

Coldwell Banker Team Stillwater 1. 6036 Hallies Meadow – 2-4 p.m. … Connie Fisher Provence 2. 26 Brentwood Drive – 3-5 p.m. … Kim 3. 1615 S. Springfield – 1-2 p.m. … Kim Frontier Realty 4. 6029 Hallies Meadow-1-3 p.m. … Cassie 5. 10520 E. 19th Ave. – 1-3 p.m. … David Real Estate Professionals 6. 2221 W. 3rd Ave. – 1-2 pm. … Amy RE/MAX Signature 7. 2220 W. 9th Ave. – 1-2 p.m. … Kristin 8. 308 S. Keats – 2:30-3:30 p.m. … Kristin 9. 1010 E. Swim Ave. – 2-3:30 p.m. … Vicky 10. 1122 E. Swim Ave. – 2-3:30 p.m. … Vicky 11. 1210 E. Swim Ave. – 2-3:30 p.m. … Vicky

Burris Rd.

Burris Rd. 177

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

Jardot Rd.



OPEN HOUSEMap

Yost Rd.

Perkins Rd.

Yost Rd.

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