Shop at the Yultide Market in New Orleans.
New Orleans Ernest N. Morial Convention Center
900 Convention Center Blvd
New Orleans, LA 70130
December 25 – 30, 2021
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Chat with an elf in New Orleans.
New Orleans Ernest N. Morial Convention Center
900 Convention Center Blvd
New Orleans, LA 70130
December 17 – 22, 2021
Click Here for More Information.
National industry leaders say that the housing market might slow down soon affecting the home price increases. Although this report looks negative, local New Orleans real estate specialists are confident the market will not go cold soon.
“I don’t think weakness is the right word for what we’ll see; I think it’s going to be more a shift in gears,” Missy Whittington, CEO of NOMAR, said.
The New Orleans housing market saw a considerable rise in the number of homes for sale this summer but the New Orleans Metropolitan Association of Realtors (NOMAR) September housing-market report predicted an increase in inventory which might bring a slow down in the market. This trend would slow down the price increase, which has not stopped rising in 114 months.
“A lot of buyers got beat up and decided to take a break,” Local Agent Katie Witry said. “Now, we’re about two weeks behind what is typically the secondbusiest time of year and we’ll see how they react when the inventory comes onto the market. It’s still a strong market but I see signs that prices are cooling a bit.”
Due to Hurricane Ida and buyers frustrated with being priced out of the market, there was a pause in listings coming on the market. The hurricane could have driven some residents away from the area. Local experts feel that this was awash with some residents moving out due to the storms while others moved in.
“After a big storm there’s always some people leaving and some moving in,” said Witry, speaking on the sidelines of the New Orleans Metropolitan Association of Realtor’s annual forecasting symposium.
According to forecasters, New Orleans metro area real estate has seen a 13% jump in single-family home prices this past year. They feel this push has been due to the pandemic wave. This has been seen through the residential real estate market nationwide. This has been due to the lack of inventory and buyer demand.
“The fundamentals of the market have not changed,” said Paul Richard, broker at Latter & Blum who co-chaired this year’s symposium. “If there is a headwind into 2022 it will be inflation and an uptick in interest rates, but then the jobs market has been improving and even most of the hospitality jobs are back.”
One of the first rooms a buyer looks at is the kitchen. The kitchen has become the heart of a home, and its functionality and appearance are important. This is the reason why kitchens are the most popular room for renovations. Remodeling a kitchen can be very expensive and a lot of work, but will add value to your home. Here are six tips to follow if you want to spruce up your current kitchen.
This is a simple or cost-effective way to update your kitchen space. Outdated or dingy cabinets can harm a kitchen’s look. If you decide to change the color of your kitchen cabinets, make sure to choose a color that blends with the color scheme of your home. Another simple idea to update your outdated cabinets is to replace the hardware.
Every buyer loves more counter space. A kitchen island not only gives extra counter space but storage as well. A kitchen island can drastically open up the room by offering depth and making more efficient use of the space. Kitchen islands not only are a great place to prep food but also can be a great place for additional seating. A nice kitchen island can cost upward of thousands depending on the size, materials, and accessories. If you are on a tight budget, a nice freestanding table can make a great kitchen island.
Energy-efficient appliances are a great way to save energy and cut down costs on utilities. Switching your existing appliances to energy-efficient appliances is a great way to start. When purchasing new appliances look for the Energy Star label.
Kitchen floors get the brunt of the mess in a kitchen. They take a beating from hot food spills, foot traffic, and appliances being moved across the floor. Replacing your old flooring can give your kitchen a facelift. Remember to choose durable and easy-to-clean flooring. Great materials include tile flooring, hardwoods, or artificial wood alternatives.
A backsplash behind an oven is a great way to protect from harsh spills and build-ups. It also makes it easier to clean them up. Having a backsplash above the kitchen countertops can add dimension and color to your kitchen.
Poor lighting in any space is a no-no. A kitchen can look very dingy with poor lighting. Try updating your lighting fixtures with energy-efficient LED bulbs. These will not only brighten up your kitchen but will also add to your energy savings. Adding track lighting and dimmers are another great idea to add ambiance to the space.
A major remodel or a minor remodel with both do wonders for your kitchen and adds value to your home. A Realtor can help you determine how much value can be added.
Enjoy three weekends of free movies outdoors in New Orleans.
500 Port of New Orleans Place
New Orleans, Louisiana 70130
12/3 – The Polar Express
12/10 – The Grinch
12/17 – Elf
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