NEW ORLEANS (May 9, 2024) – Home prices in New Orleans rose in the first quarter of 2024 as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according to the National Association of Realtors®’ latest quarterly report. Compared to one year ago, the median single-family existing-home price in New Orleans climbed by 4.7% to $277,700. “After a soft …
HUD Increases Wind and Named Storm Insurance Coverage Deductible Amount April 18, 2024 — HUD’s Office of Multifamily Housing published a Mortgagee Letter & Housing Notice, revising the Federal Housing Administration (FHA) Multifamily property insurance requirements for wind and named storm coverage by increasing the maximum casualty insurance deductible amount for wind or named storm coverage to the greater of …
Join us at our Southshore office on Thursday, May 23rd from 1:00 PM – 4:30 PM for our Self-Care, Self-Love Fair, courtesy of the NOMAR Affiliates Committee. In addition to the sessions listed below, we’ll be joined by a variety of health and wellness vendors offering samples of juices, healthy snacks, essential oils, body butter, and more. Namaste with NOMAR …
A note from Katie Johnson, NAR Chief Legal Officer: On April 23rd, Judge Bough granted that motion which means that the NAR settlement agreement is preliminarily approved. Settlement class members are now enjoined from filing complaints or prosecuting any claims based on the type of conduct at issue in Sitzer-Burnett and the other settled Actions on behalf of home sellers …
UPDATE NOTICE: 04/24/2024 SUPRA SYSTEM OUTAGE Attention ROAM MLS and Supra eKey subscribers, Supra’s Development Team is working diligently to resolve the continued nationwide system issues with the Supra eKey App. The latest update from Supra was reported today at 10:39am. The update is as follows: Dear Valued Supra Customer, As an update to our previous communication, we have partially …
On April 18, 2024 the metro New Orleans commercial real estate community gathered to recognize the best, brightest, and highest achieving in the field of commercial real estate in our region. Awards were presented in recognition of career accomplishments and service to the industry, achievement by credit volume, as well as achievement in sales and leasing throughout the retail, industrial, …
A Message from Ken Fears, NAR Director of Conventional Finance and Valuation Policy: Earlier this week, both Fannie Mae (opens in new window) and Freddie Mac (opens in new window) published explicit confirmations that buyers whose agent is compensated by the seller will continue to have access to financing through those institutions. Furthermore, so long as it remains “customary” for the seller to pay …
Republished with permission from JEDCO (original). (TERRYTOWN, La) – The Jefferson Parish Economic Development Commission (JEDCO), in partnership with Jefferson Parish, Jefferson Parish Finance Authority (JPFA), and the New Orleans Education League of the Construction Industry (NOEL), launched a new grant program designed to spruce up the exterior appearance of area homes to make the community more attractive to incoming …
Our hearts go out to those who have suffered damage from the recent storm system which devastated communities across our service area, particularly in eastern St. Tammany Parish. The Louisiana REALTORS® Relief Fund, established in 2005 as a 501(c)3 non-profit corporation, is dedicated to providing financial assistance to REALTOR® members and the consumers they serve in times of natural or …
On Tuesday, April 9, 2024, NOMAR President Craig Mirambell will dive into an analysis of the residential real estate market at the University of New Orleans 2024 Dr. Ivan Miestchovich Economic Outlook & Real Estate Forecasts. Plus, other regional and industry leaders will discuss the metropolitan New Orleans economy and real estate markets. NOMAR is proud to be a 9-year partner …
All REALTORS® must complete an approved Code of Ethics course between January 1, 2022-December 31, 2024 to maintain REALTOR® membership. You can verify your Ethics completion here (link is external).
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