Which brings us to this newsletter's theme: Vibrant Autumn Vibes
Given the Autumn palettes that are coming across my desk and computer this season, it appears that vibrance is "what is in" this year. You may even pair vibrant colors with traditionals for a highly striking look. So I'm including a few palettes and ideas to get you in the mood. Hope you enjoy perusing these and getting ready for your best Autumn.
On the Real Estate Market front, below you'll find national, state and local data but first, a few observations on a national scope based on info from Lawrence Yun, the Chief Economist for the National Association of Realtors.
"The first half of the year was a downer for sure with sales lower by 23%. Fewer Americans were on the move despite the usual life-changing circumstances. The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably."
Surrounding the lack of inventory and market demand, he also had this to say:
"There are simply not enough homes for sale. "The market can easily absorb a doubling of inventory."
No matter what, we are focused on helping you sell or buy your next home for the best possible terms and outcomes. In other words, no matter the state of the market, we are very good at what we do, and are here for you!
Please continue on down for regular monthly features such as the Market Data, Listing of the Month, Clients of the Month, Community Spotlight, a Calendar of Holidays and Observances, Farmers Markets, Community Events, and this month's curated articles on Vibrant Autumn Vibes.
We are always so cheerful about bringing you the first of the Autumn/ Winter holiday newsletters!!!!
And now for data on the national, state, and local markets.
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 *July
Pending Sales - increased by .3%- month over month [while in the regional South they decreased by 1.4%]
Existing Home Sales - increased 3.3% - month over month [note: last month it increased 0.2% - month over month]
- Interest Rates
- Inventory Shortages