|
We couldn't do this without you and when we give thanks for our blessings, we ask for this and more to be returned to you.
This month's issue centers on helping you make the most of your Thanksgiving --both in your Homes and out in our communities-- with so many anticipated events that happen each November.
We hope to see you out on the town!
To learn more, scroll down after reading this month's Market Highlights.
MARKET HIGHLIGHTS
Below, please find national real estate housing data and infographics from the National Association of Realtors. Then keep reading to view the summary for the Louisiana market. We think you'll be most interested in what is happening here, but it helps to be aware of national market trends.
National Snapshot for the month of *September
- Pending Sales are down 10.2% - month over month
- Closed Sales are down 1.5% - month over month
Challenges:
- Low inventory
- Lack of affordability
- Rising interest rates attracting less buyers
- Rising Interest rates making potential sellers hold on to current mortgage
However, even though the market appears to be cooling, we continue to engage in a competitive Seller's Market.
Why? Because for the next couple of years, inventory is expected to remain low --according to the National Association of Realtors-- and insufficient to meet demand.
*Please continue to keep in mind that data and statistics lag about one month behind and October's figures won't be available till the third week of November.
National Market Data:
| 
