According to the latest NAHB/Wells Fargo Housing Market Index (HMI), builder confidence in the housing market for newly-built single-family homes rose 21 points to 58 this June. This is a great reading as anything above 50 shows a positive market. “As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB Chairman Dean Mon. “Inventory is tight,...
Mortgage demand from potential homebuyers is up 13% annually even though the interest rates are rising. According to CNBC mortgage rates were at a record low at the beginning of the second week of June but began to rise throughout the week and spike at the week ending. The 30-year fixed increased to 3.38% from 3.37% for conforming loans with a 20% down payment. The slight increase prompted...
As of last Wednesday, the Federal Reserve did not change the rates and maintain they will keep going with the stimulus plan until the economy "has weathered recent events." The majority of policymakers say that the current rate levels will remain low in 2022. The Federal Reserve's "dot plot" shows that the forecast of the central bank's policymakers do not foresee a rate increase or any rate hikes...
The Audubon Nature Institute is a big part of the New Orleans' area attractions. Residents and visitors alike enjoy the museums and parks that are part of the Audubon Nature Institute. Under Louisiana's and New Orleans' health directive, the Audubon Nature Institute will reopen their parks and museums in phases with limited attendance and programming. The 501(c)3 not for profit will begin the process by...
When a house goes on the market, the days on market can leave a negative mark. According to the leaders in the housing market, this stigma will be a thing of the past. Among the current pandemic, the real estate market has changed a bit from traditional ways. Throughout the country, real estate professionals are finding ways to navigate the real estate market while keeping everyone safe from the...
Every homeowner will sell or entertain selling their home at one point in time. The homebuying market is ever-changing so the seller's home market process will always be fluid. Here are some questions to ponder if and when you are ready to list. Is now a good time to sell? The current home market whether good or bad will affect the sale of your home. Researching the current trends is a good way to...
The Federal Reserve announced they are offering a round of monetary policy stimulus. The policy will include a cut in the federal funds rate to a top rate of 0.25%, lowered discount rate from 1.25% to 0.25% will ensure liquidity for depository institutions, a round of quantitative easing was enacted to include purchases of $200 billion of mortgage-backed securities (MBS) and $500 billion of Treasuries and...
The Housing Market is hot right now across the country, with inventory low and an influx of buyer demand, but that doesn't mean you should price your home too high. Price is still a big factor when selling your home. If priced incorrectly, it could affect the sale of your house. A great way to entice the many buyers out there today is with pricing. If you list your home at or just below market value...
The market looks promising for those who want to sell their existing homes. The high demand for a resale stems from the lack of new home inventory. The latest Housing Trends Report from the National Association of Home Builders found that first-time buyers grew from 58% in Q4 2018 to 63% in Q4 2019. During the study, the National Association of Home Builders gathered data measuring the share of...
New Orleans is still seeing the aftermath caused by Hurricane Katrina. After years of waiting, city officials announced that the FEMA funded $588 million projects will begin this year. The long-awaited process of allocating the spending down money will be used to fix roads and underground pipe projects around the city of New Orleans. The $588 million projects will include 85 projects around the city...
Compare listings
Compare