“Your home is the biggest investment you’ll ever make.” Next to, “Location, location, location…” it’s the most overplayed, old-school real estate cliche there is. It’s also true for most of us, but it’s treated so differently than your other investments. If you have a 401K or any other investment account, you can log into your portal...
The October numbers were finally made available, and this seller’s market is getting even more so. The median sold price in Orleans Parish hit an all-time high of $325,000. Here’s a look at prices over the last 5 years. While the median sold price hit a new high, the median days on market hit...
Many of us take note of Veterans Day because banks are closed and we don’t get mail. We carefully word a social media post expressing our gratitude to those who have served in the military and then move on with our day off. For some reason, last year was different for me, and I’m grateful that it was....
I love that searching for homes in New Orleans leads to so many, “What the…?” moments. For instance, I was looking through Algiers Point and saw a $750,000 listing close to Opelousas Avenue. I clicked on it, and…wow! Wait. What?!?!? From the property description: “Warehouse houses a vintage Rolls Royce & Bentley collection that is...
A chimp, Shoeless Joe, Babe Ruth, suicide, the Black Pelicans, and a civil rights boycott. When it comes to stories, baseball and New Orleans both deliver. I was at the corner of Tulane and Carrollton when I saw a historical marker for Pelican Stadium. “Cool. I never knew there was old ballpark here. I’ll look...
I confess to having a soft spot for Lake Terrace. In addition to the aquatic attractions of the lake and the bayou, there are some wonderfully weird houses in that neighborhood, and I love wonderfully weird houses. Here’s Exhibit A. Built in 1958, it’s solidly mid-century. I have no idea how you furnish a house...
On the other side of the COVID-triggered eviction moratorium has been the mom and pop landlords. Many have mortgages that can’t be paid without rent coming in every month. To provide some assistance, New Orleans has announced a $1.5 million mortgage assistance program for landlords who own eight or fewer rental units. The city is...
Whether you vote early (please do if you’re able) or vote in person this Election Day, you need to go prepared. Did you know that Louisiana has a 3 minute time limit in the voting booth? Me neither. I was shocked in my polling commissioner class a couple of weeks ago when the instructor mentioned...
Just about every city has some sort of “Best of (City)” publication. The reaction to them has been the same everywhere I’ve lived. First, there’s the excitement when it’s released. “Ooh! ‘Best of…’ is out. Grab one and we’ll bring it home.” Then it’s read with disgust. “Ugh. Really? Out of all of the fine...
Covid, shmovid. Thanks to historically low interest rates, there are lots of buyers in the New Orleans market. Thanks to a historically low number of homes for sale, the competition is fierce, especially at the lower price points. Escalation clauses, rarely seen here, are now showing up in offers. Once again, this movement is taking...
