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[Graphic Credit: Visual Capitalist]
To help you get ahead of the Spring Market, next month, I will write about the 7 key reasons to own a home and why home ownership is such a great investment!
But if you want to talk about this now, just call or text me at the number below. I am always happy to discuss your home selling or buying plans and help you get the most favorable outcomes.
REMEMBER: If selling your home, the Mardi Gras season is the perfect time to showcase your home with the most creative staging and decor!
CURRENT MORTGAGE RATES AS OF FEBRUARY 3 [Zillow]:
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30-year Fixed - 5.97% [last month 6.13-6.26%]
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15-year Fixed - 5.47% [last month 5.55-5.64%]
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30-year Fixed V.A. - 5.54% [last month 5.65%]
MARKET HIGHLIGHTS
Below, please find national real estate housing data and infographics from the National Association of Realtors. Keep reading to view the summary for the Louisiana market and in particular, St. Tammany and Tangipahoa Parishes.
We think you'll be most interested in what is happening here, but it helps to be aware of national market trends.
Please keep in mind that on the national level, data lags one month behind.
National Snapshot for the Month of September:
- Pending Sales - decreased -9.3% month-over-month [while in the regional South they decreased -4.0%]
- Existing Home Sales - increased by +5.1% - month over month
- Home Prices - increased +0.4% - year over year
Ongoing Challenges:
- Affordability Pressure
- Supply Remains Limited
- Economic Uncertainty and Fears
The month of December continued to trend toward a Buyer's Market with 3.3 months of Inventory.
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