Buying a “move-in ready” home these days is not as simple as it used to be. Sellers are fielding multiple offers on almost every listing and usually getting topdollar. Even if you sell your home for a great price, you still become a buyer on the next transaction. So how do you find a great
Summer is finally here. And since summer is when many people take a bit of a breather, I thought it would be a good time to address the elephant in the room: Affordability While our seller’s market seems to be cooling just a bit, we’re seeing the combination of inflation, rising prices, rising insurance and
2022’s Loan Limit Increase on Reverse Mortgages and Its Potential Impact
For the fifth year in a row, the Federal Housing Administration (FHA) is increasing its loan limits; this time, to $970,000 for reverse mortgages in the new year. The proposed increase will reflect on areas that typically have higher-than-average home values. In the public statement above, the average home value, in this case, would surpass
New Year, New Goals, Bigger Loans in 2022
If you’re like me, you’ll be looking forward to a little rest and relaxation time this holiday season. Everyone I know in the real estate space has been working long hours to help clients buy, sell or refinance property this year. While celebrating records or personal bests are fun, this is the time of year
This year we REALLY celebrated the beginning of a New Year, even without fireworks in the French Quarter. Yes, 2020 is finally behind us. But are the real estate market conditions created in 2020 staying put despite the calendar change, or will 2021 be a year of change? Here are 3 key areas we’re watching,
This Unexpected Group Is Boosting the Post-COVID Housing Market
Millennials are labeled a lot of things. Entitled, assertive, frank, picky, socially conscious, choosy consumers, achievement-driven, masters of work-life balance, tech-savvy, foodies, impatient, and intellectual, to name a few. But there’s one label in particular they’re about to lose since the onset of the pandemic and its overhaul of Americans’ lifestyles – perpetual renter. Eight
Dixie Beer Brewery was a New Orleans staple from 1907 until Hurricane Katrina hit in 2005. After the storm and resulting flood, the brewery was closed and forced to move brewing out of state. It’s a story locals know all too well. But just like Hubig’s Pies and other local NOLA brands we love, Dixie
Do you have potential clients who seem a bit too content with renting? Maybe they’re afraid they won’t quality or can’t come up with a down payment? Whatever the reason, it’s always a good idea to share with them the current state of the rental market and the low/no-down payment programs available to first-time homebuyers.
Did you know that 1 out of every 5 home purchases are made by a single female? It’s actually 1 out of 4 between the ages of 54-63! Single women now make up the 2nd largest group of buyers behind married couples & they’re buying property at twice the rate of single men. NAR Data
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