MELISSA MULLIS PROPERTY GROUP | | |
HOPE EACH OF YOU HAD A GREAT 4TH OF JULY [I DID]!
Summer has a way of reminding us why home truly matters.
Summer is also the season of backyard barbecues with family and friends, slow mornings with the perfect cup of coffee, and finding simple ways to create spaces that feel welcoming, comfortable, and uniquely your own.
Whether you're entertaining guests or simply enjoying a quiet evening on the patio, our homes become the backdrop for the moments we'll remember long after summer ends.
THIS MONTH: SUMMER BBQs, CREATE THE PERFECT HOME COFFEE BAR, AND INTRODUCING A NEW HOME DESIGN TREND !
In this month's newsletter, we're sharing ideas to help you make the most of the season. From barbecue inspiration and ideas, to helping you set up the perfect at-home coffee bar!
And as I enjoy keeping up with fun, new home trends, I am so happy to introduce you to one of today's emerging design trends: Burrowcore!
Burrowcore is a style that celebrates cozy, collected living with personality and purpose. To learn more, click below on the article I have for you.
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ON THE REAL ESTATE FRONT
This month I wanted to highlight why real estate continues to be such a strong component of one's investment portfolio.
Of course, the wisest investment will always depend on your goals, skills, time, and how involved you wish to be, but here are some things to consider when evaluating the returns of real estate versus the stock market:
The Stock Market
- Historically, you can expect a 9-10% return over the long term
- This is a liquid asset you can sell in seconds
- Can start with a rather small initial investment
- Leverage is rather limited
- Tax benefits include capital gains, retirement accounts
- Risk is based on market volatility
- Cash flow is based on dividends which may be modest
The Real Estate Market
- Historically, you can expect about an 8-12% return based on appreciation, and/or rental income depending on the market
- In terms of liquidity, can take days, weeks, or months to sell
- Investment usually requires a significant amount of capital
- Leveragewise, easy to use mortgages to amplify returns
- Tax benefits include depreciation, deductions, and more
- Risk is based on market and property
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Cash flow from rental can be significant
Thereby, huge advantages from investing in real estate are returns on investment due to long-term appreciation, tax benefits, leverage, and even income!
There is lot more that I can share on this as well as how to create wealth by leveraging a rental property for example, but I'll stop here.
In short, real estate can be a powerful wealth building tool!
If you wish to know more, simply contact me. I'm always happy to help!
CURRENT MORTGAGE RATES AS OF JULY 6 [US News and World Reports]:
- 30-year Fixed Conventional 6.604 % with no discount points [last month 6.25-6.50%]
- 30-year Fixed F.H.A. - 5.99% with no discount points [last month 5.625-5.875%]
- V.A. - 5.811%
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 data lags one month behind.
National Snapshot for the Month of May:
- Pending Sales - increased +3.8% month-over-month [while in the regional South they increased +1.0%]
- Existing Home Sales - increased by +3.3% - month over month
- Home Prices - increased +1.3% - year over year
Challenges:
- Fluctuating Mortgage Rates
On the national level, the month of May continued to be a Buyer's Market with 4.5 months of Inventory.
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LOCAL LOUISIANA MARKET SUMMARY: MAY
Snapshot of Entire MLS, St. Tammany, and Tangipahoa Parish Markets [Info from NOMAR lags one month behind]
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As always, if you're considering buying, selling, investing, or are wondering what your property's value is in today's real estate market, I'm here to help you navigate every step.
Enjoy the Rest of Summer,
THE MELISSA MULLIS
PROPERTY GROUP
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TUCKED AWAY ON NEARLY 4 ACRES IN PONCHATOULA
23051 WILL RICHARDSON ROAD
PONCHATOULA, LA 70454
ACTIVE/ RESIDENTIAL/ MLS #2558258/ 3 BEDROOMS
2 FULL BATHS/ 1 HALF BATH/ 2,968 SQ FT/ BUILT 1950
3.94 ACRES
| | Tucked away on nearly 4 beautiful acres in Ponchatoula, this fully renovated Brick/ Hardy plank home offers the perfect blend of space, privacy, and versatility. Boasting 2,968 living square feet, this move-in ready property features 3 bedrooms, 2.5 baths, plus two additional bonus rooms that can easily serve as a den, home office, playroom, or even additional bedroom to fit your needs. Step inside to discover a thoughtfully updated interior with huge living areas, a functional layout, and endless flexibility for today’s lifestyle. No carpet-beautiful new luxury vinyl plank throughout home, entire home freshly painted, new windows, and remodeled bathrooms throughout. Stylish kitchen with center island, built in hutch with glass doors, farmhouse sink, and designer backsplash. The solid brick exterior, front porch, expansive acreage, and peaceful setting create a rare opportunity for those seeking country-style living with modern comforts already in place. Whether you are looking for room to spread out, entertain, work from home, or simply enjoy the tranquility of acreage living, this property delivers it all. A truly turnkey home with space, charm, and possibilities both inside and out. Low flood policy can be assumed. There is a natural flow well on property for watering yard. | | CLICK HERE TO VIEW LISTING | | |
CLIENTS OF THE MONTH
Casey and Shelby McGann
[Thank you to my repeat clients!]
Rob and Paula Wood
[Thank you to Nakia and Maggi Cowan for this referral]
Sarah Estapa
[Thank you Dick and Melinda Lester and Ed and Gretchen Estapa for the referral]
AND AS ALWAYS, I THANK ALL OF YOU FOR ALWAYS ENTRUSTING ME TO HELP YOU FIND YOUR WAY HOME !!!
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Recurring Weekly Monday to Friday - Happy Hour at Noir Bistrot - click here
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Recurring Weekly on Tuesday - Gentle Yoga: Yin & Restorative Blend - click here
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Recurring Weekly on Wednesdays - Haven Living Room Sessions - Singer Songwriter Weekly Showcase - click here
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Recurring Weekly on Thursday, Friday and Saturday - Happy Hour at Odelia - click here
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Recurring Weekly on Fridays - Haven Friday Night Live Concerts - click here
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Recurring Weekly on Sunday - Pups and Pints at Chafunkta Brewing Co - click here
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Recurring Weekly on Sunday - Brunch on the Bayou with Live Jazz - click here
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Recurring Weekly on Sunday, Wednesday - Karaoke at the Green Room - click here
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Recurring Monthly on the 3rd Thursday - Traditional Irish Session at Abita Brew Pub - click here
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Recurring Monthly on the 1st Friday - Abita Brewery Food Truck Roundup - click here
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Recurring Monthly on the last Friday - Poetry & Music Open Mic Night at B Roots Plants and Coffee - click here
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Recurring Monthly on the the 1st Saturday - Trad Jazz with Ben Redwine - click here
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Recurring Monthly on the 3rd Sunday - Concert at Christchurch - click here
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July 10 - North Star Theatre Presents The Pirates of Penzance - click here
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July 11 - Kokomo Stroll - click here
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July 11 - Pelican Park - A Day in the Park Festival - click here
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July 11 - STAA Presents The Summer Show - click here
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July 17 - Sunset at the Landing Concert - click here
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July 25 - The 4th Annual Summertime Marketplace - click here
| | FARMER'S AND ARTS MARKETS | | |
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Abita Springs Art + Farmers' Market - Sundays 11:00 am to 3:00 pm - click here
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Camellia CIty Market - Saturdays 8:00 am to 12:00 pm - click here
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Covington Farmers' Market - Wednesdays 10:00 am to 2:00 pm and Saturdays 8:00 am to 12:00 pm - click here
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Claiborne Place Makers Market - Sundays 10:00 to 2:00 pm - click here
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Farmers' Market at Giddy Up Folsom - Thursdays - click here
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Lacombe Monthly Market - 2nd Saturdays - click here
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Lafitte Street Market - Saturdays - click here
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Mandeville Community Market - Saturdays 9:00 am to 1:00 pm - click here
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Olde Town Slidell Art Market - 2nd Saturdays - click here
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Paddock Farmers Market at Giddy Up - Saturdays - 10:00 am to 2:00 pm - click here
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Pearl River Farmers Market and Craft Show - 1st Saturday - click here
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CURATED CONTENT
BACKYARD BBQ AND AL FRESCO DINING AND ENTERTAINING
YOUR HOME COFFEE BAR
TRENDS CORNER
| | YOUR LISTING CAN BE FEATURED HERE! | | |
MAY I OFFER YOU A HOME VALUATION ANALYSIS?
Since needs change due to job relocations, growing families, downsizing, change in marital or family status and many other reasons, I would be happy to offer you a home valuation so you may see the current value of your home.
If you decide to list, I can also help you prepare it to sell so that you may command the highest possible price.
I am also highly equipped to help you through all aspects of inspections, negotiations, and more.
Just call (985) 629-1705 or email me at MelLovesHomes@gmail.com.
I am taking new client appointments this week!
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RAE MANALE, CLIENT COORDINATOR
Rae Manale, is a New Orleans Native who relocated to the Northshore after Katrina. An LSU Alumna, Rae was Vice President of the LSU Real Estate Association.
She has been in the Real Estate Industry for over 7 years, but she brings new and inspiring ideas to our team, and will efficiently organize all processes to elevate and streamline your experience and make the buying and selling process stress free. Rae also enjoys marketing and has brought our marketing and social media to a whole new level.
Rae enjoys getting involved in her community and most importantly the joys of watching her toddler grow. Family is very important to her, so when she is not working or exercising her body/mind, you can find her spending time with the ones closest to her.
RE/MAX ALLIANCE
5001 HWY 190 SERVICE ROAD, SUITE D6
COVINGTON, LOUISIANA 70433
MelLovesHomes@gmail.com
www.melissamullis.com
C [225] 216-5746
W [985] 674-5628
Each office independently owned and operated
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