Blog Education Our Takeaways from the 2021 Economic Forecast

Our Takeaways from the 2021 Economic Forecast

By The Dream Digs Team, February 11, 2021

Our team “went” to the 2021 First American Title Economic Forecast. Presenter John Mitchell discussed our local and national economies. Where are we now? Where are we headed?
  • Oregon was the #3 state to move to in 2020 behind South Carolina + Idaho. People are still moving here and they want to buy YOUR house.
  • Oregon was #32 in job growth in 2020 so why are they moving here? Is it because 2020 proved that many of us can work from home successfully and we’d rather live someplace great than move to where the office is?
  • The Case Shiller Index indicates that as of October 2020, sale prices were up 8.9% in Portland. Value has risen a lot in the last year.
  • Now that national plans are being set in motion to control the virus and jump start the economy, the recovery is underway, but the trajectory is uncertain. We don’t know what the impact on real estate will be. We do know that today’s market favors sellers – thanks to little inventory and low interest rates, but we don’t know what the rest of the year will look like. This may be the very best moment to sell.
  • Covid has driven people home! Everyone is working, playing, schooling, “entertaining,” and learning how to thrive at home which means they need properties that will meet their needs. This need is encouraging moving, refinancing, remodeling and reevaluating where and how folks want to live. As people make plans for the post-pandemic period the realities are:
  • Mortgage rates are VERY low
  • Demand for new and creative spaces is rising
  • Many people did NOT lose their jobs they just have to do them at home and they need space, technology, innovation, storage and versatility.
  • Real estate figured it out – Zoom showings and listing appointments, drone photos and video, virtual house tours, floor plans, Covid safety plan, real shoppers vs. folks who love visiting open houses. Real estate brokers can successfully help people buy and sell during a pandemic and we may even be doing our jobs better.

About Us:
Over the course of their professional partnership, Aryne + Dulcinea have helped over 200 clients prosper in their new lives. During this time, they have prided themselves in their top-notch selling abilities, with homes outperforming market standards, consistently exceeding list price while most of their listings sell in under 7 days. Whether you’re looking to buy or sell, Aryne & Dulcinea will work in collaboration to guide you in investing in your future and reaching your real estate goals.

THE DREAM DIGS TEAM

Aryne + Dulcinea, Earth Advantage Principal Broker | Earth Advantage Broker | ADU Specialists | OR

The Dream Digs Team are full-service, high-producing agents, who know how to navigate the unique challenges facing the Portland real estate market. The secret to their success lies in their professionalism and complementary skill sets. In 2012, Aryne + Dulcinea seized the opportunity to combine their creative and technical acumen to create a values-driven, client-driven team unlike any other. We are expert negotiators and project managers with a strong background in creative marketing. The Dream Digs Team are fierce advocates for our clients.

Our passion for real estate is connected to our commitment to the Portland way of life - a dedication to sustainability and appreciation for all things local. As Earth Advantage Brokers and ADU Certified Specialists, our team is savvy in all aspects of alternative living practices from versatile housing additions, green building practices, and revenue-generating strategies. Whether you’re looking to buy or sell, The Dream Digs Team will work in collaboration to guide you in investing in your future and reaching your real estate goals.

Dedicated to serving buyers and sellers with expertise, enthusiasm, and attention to detail, Aryne adeptly navigates the Portland real estate market. Licensed since 2005, she honors our clients' wants and needs using her sharp negotiating skills and professional know-how to achieve the best results for everyone she serves. Aryne loves the Pacific Northwest! Outside of work, she enjoys hanging out with her husband, listening to music, going on road trips, and talking about everything under the sun. She looks forward to visiting her grown-up kids at college and watching them succeed in all their endeavors. She loves yoga, hiking, dinner parties, podcasts, and embracing all that Portland offers.

Dulcinea thrives on working with clients with a range of real estate goals. ​B​orn and raised in Oregon, ​Dulcinea comes to real estate with a background in design and ​education. She is an award-winning professional​ and a steadfast ​advocate when working for our clients. She has a keen eye for preparing properties for ​listing​ and finding properties that best serve our ​buyers​' objectives. Licensed since 2013, Dulcinea works in and around Portland. ​She is the mother of two and wife to her high school sweetie. In her free time, she stays busy with her family, traveling, creating community, cooking, gardening, making art, exploring, and dreaming big!

Click here to get to know Aryne + Dulcinea!
Read More
  • T: 503-380-5124
  • aryne@livingroomre.com

You might also enjoy

Just Listed! Alberta Arts Designer Craftsman + ADU

Jamis Minnis

5733 NE 19th Ave. Portland, Oregon, 97211 Step inside this Swoon Worthy, Light-Filled Home with a...

Finding Your Perfect Portland Neighborhood

Will Sing

Setting out on the homebuying journey is a bit like diving into a new adventure. It’s...

Just Listed! Pretty and Peaceful in Bridlemile

Mel Marzahl

4623 SW 55th Pl. Portland, Oregon, 97221 Welcome to this sweet, well-maintained one-level gem in Bridlemile,...

Transferable Rental License in Nedonna Beach

Tosha Reinmiller

Ready to relax at the coast? A 1,576 fully furnished beach house in Nedonna is calling...