Thanks to the holidays, December is never a good month for inventory. But even for a December, the number of homes for sale in Orleans Parish last month was…allow me to use a fancy real estate term…gross. Our market is at a tipping point, and there are a couple things happening that will sort themselves...
The November market stats show an inventory situation that’s gone from bad to worse. The pickings are always slim in November, but inventory this year is particularly scarce. There are fewer than half the number of homes for sale in Orleans Parish as there were two years ago. While the market overwhelmingly favors sellers, there...
I want to make you all aware of some unusual things happening in regards to homeowners insurance since Ida’s visit to southeastern Louisiana. First, my buyers have been seeing wild differences in quotes after going under contract on a property. Some of it depends upon the neighborhood, which is not new, but some of the...
This awful photo was taken last week around the corner from our house in the Bywater. The owners, Cindy and Big Chris, also own Vaughan’s Lounge. Cindy, Chris, and their dog, Chapo, were out of town when it happened. Cindy’s son and his girlfriend were house-sitting when the fire started and thankfully made it out...
The buyers came back to our real estate market in a big way last month. The number of pending sales in Orleans Parish had been in a steady decline since April, and bottomed out post-Ida in September. Buyers brushed themselves off, signed a lot of contracts in October, and sent pending sales back up a...
If you live in New Orleans, all of that recycling you put out on your curb every week is getting thrown in with the trash. It’s been that way since Ida, and it will stay that way for the rest of this year, at least. What are you supposed to do with your recycling now?...
Mindy and I were just talking about how September was incredibly weird. It felt like the entire month never happened. Our real estate market followed suit. All the stats that reflect market activity dropped substantially in September. After Ida, sellers had neither the interest nor the time to put their homes on the market. Take...
Some things have to be seen to be believed. In person. In 3D. A hurricane’s aftermath is one of them. A group of us from Rêve and Eustis Mortgage recently went down to Point-Aux-Chenes for a day to deliver some supplies and help a few of the residents as best we could. I want to...
Flood insurance is a big deal in New Orleans, and some substantial changes are being made to the program starting October 1st. (There is a last-second bill in the Senate looking to delay the implementation until next year.) Premiums will be going up for the vast majority of us, but the details are pretty confusing....
Tuesday, September 7th was our ninth day without power, thanks to Ida. Our little Honda generator was getting thirsty again, but the gasoline supply around the city was improving, so I optimistically set out for petrol. Across the canal and over to Chalmette I went, and sure enough, I pulled right up to a pump...
