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Here, you'll find all you need to have the perfect Thanksgiving -- from decor to menus, from games to gifts. Consider it your personal Thanksgiving Central! Then aside from festive Farmers' Markets, you'll also find my picks for fun community and holiday events for November.
Then scroll down for monthly features.
REAL ESTATE INSIGHTS
Due to other economic factors, as of today's numbers report, it appears the Feds will not be increasing interest rates for the time being. However, due to current higher rates, potential home Sellers are resisting selling homes mortgaged at the former pandemic-related historic low rates.
They are also hesitant to give up their homes in a time of already low inventory.
So these continue to pose challenges to potential Sellers, Buyers, and the marketplace in general.
Recently, Chief Economist of the National Association of REALTORS® Lawrence Yun had this to say, “Home sellers are not excited about the lack of inventory because they, themselves need to buy another home."
The bottom line?
We continue to confront challenges, albeit for the moment, interest rates should hold steady.
As we are seasoned and thoughtful professionals, we hope that if you do decide to sell your home -- or find a new one-- you will contact us to help you make the most informed and studied choices for your family and your home needs.
We can help you find the best holiday gift of all; a place to call HOME. It is why we do, what we do.
And now for data on the national, state, and local markets.
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
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Pending Sales - increased by 1.1%- month over month [while in the regional South they increased by 0.7%]
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Existing Home Sales - decreased by 2.0% - month over month
Continuing Challenges:
- Interest Rates
- Affordability
- Inventory shortages
- Insurance Rates
The month of September continues to trend toward a Sellers Market with 3.4 months of Inventory.
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