Normally the housing market slows a bit in the fall months. This year that is not the case. October saw record levels according to realtor.com. Houses sold faster this October than they did this September which makes this a first since 2011. “In the fall, we normally see homes sell more slowly and prices pull back from peak levels. But this October, we saw a drop in the time it takes to sell a...
Elegant Exterior Phase 1A of the new community Cypress Park celebrated the completion of the first 50 homes with a ribbon-cutting ceremony on November 7, 2020. The ceremony was hosted by developer David Waltemath who plans to have the entire community of 120 homes completed within ten years. Cypress Park, located in Belle Chasse on F. Edward Hebert Boulevard is a new neighborhood with homes from the...
The current housing market is booming and buyers are flooding the market. Bidding wars are happening throughout the country and it has definitely proven to be a seller's market. Even though there are bidding wars, pricing your home right is still very important. The National Association of Realtors (NAR) 'US Economic Outlook' reported that existing home prices are predicted to go up by...
SK Collaborative, a construction consulting firm that helps industry experts to achieve green building certification for their residential and commercial projects, did a recent study that finds value in a third-party inspection. The company analyzed ten new construction and renovation projects that were recently completed for multifamily affordable housing in Georgia. Around five of these projects also...
The National Association of Realtors (NAR) reported that existing home sales reached the highest level it has been in close to 14 years this August. The seasonally adjusted annual rate was 6.00 million in August showing a 2.4% increase for existing homes sales. A big part of the rising numbers is contributed to the rebound the housing market has had because of COVID-19. December 2006 was the last time...
The economy has seen record-breaking home sales through the summer and is still going strong this fall. Buyers are actively looking and purchasing homes faster and the inventory is falling behind. The National Associations of Realtors (NAR) believes this a good time to sell if you are thinking about doing so. According to the NAR's Pending Home Sales Report, “Pending home sales in July achieved...
The current housing market is bustling with activity. There are fantastic opportunities for both the buyer and seller. Today's market has some perks that we just don't see all the time. Here are the top two that are seldomly at one's fingertips. The most talked-about benefit today for a buyer is the average mortgage interest rate. Last month saw the rates hit an all-time low for the eighth time this...
Mortgage interest rates are at record lows and will keep falling in the near future. August 6 saw a drop in mortgage interest rates to under 3 % giving buyers a huge incentive to purchase a new home. According to forbes.com, the spread between 30-year fixed-rate mortgages and the yield on 10-year treasury bonds is still "above longterm norms." The spread usually runs between 1.5 and 2.0 percentage...
Times are hard for the country and the country's economy during the pandemic. Even among the pandemic, the housing market has flourished. Now is a great time for sellers to put their homes on the market. "Given the pandemic and uncertainty it's caused, the general sentiment is that now is not a good time to sell your home," says Danielle Hale, chief economist at realtor.com®. "Yet so far, the data...
The pandemic shut-in is lifting and potential homebuyers are starting to branch out and look for a new home. With the shut-in lifting and record-low mortgage rates, the Mortgage Bankers Association's index reported a 33% increase in homebuyers than this time last year. The report also showed that mortgage applications to purchase a new home rose 5% the first week in July. Homebuyers' demand has been...
Compare listings
Compare