The statistics for early 2019 real estate around metro New Orleans show the 1st quarter housing market is strong for the metro area: The median price of single-family homes in the New Orleans area is up 4.6% from a year ago according to NAR The average price of single family homes in Orleans Parish is
It happened AGAIN this month. My phone rang – it was a buyer in meltdown mode. Let’s call them the Smiths. They were totally freaking out. The Smiths were pre-approved with one of the big national lenders from out of town (you’d recognize the name). But that was weeks ago. The Smiths had just days
We’re just a few days into 2019 and already things are changing in the real estate industry. FNMA (conventional), FHA & VA all announced new loan limits which went into effect January 1st. Impact on NOLA Real Estate These changes will have a HUGE impact on the NOLA real estate market, especially in the area
Why do some Realtors roll their eyes when the subject of 203k loans come up? They’re as close to magic as you can get in the real estate world. Especially here in New Orleans where it feels like half our housing inventory needs work. We think that most Realtors don’t really have a good understanding
Changes to guidelines for jumbo loans ought to get your attention if you’re a real estate professional in metro New Orleans. But unlike most of the news over the last 10+ years in lending, these jumbo changes represent GOOD news for borrowers & real estate professionals. Most people think you need a 740 score &