MELISSA MULLIS, PROPERTY GROUP |
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HAPPY [ALMOST] SPRING!
Spring is the time when the earth renews itself in bright colors, inviting our homes and gardens to cheerful play.
That is why this March, we center our issue on ideas and resources to inspire a gentle renewal of our indoor and outdoor spaces.
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MARKET HIGHLIGHTS
Globally, the consequences of the invasion of Ukraine have already impacted the world economy though it is yet unclear what additional strain this will place on the U.S. housing market.
Domestically, the same continuing trifecta continues to inform the market including:
- low inventory
- higher prices
- *mortgage rates that have gone up to combat inflation
But a recent report in Market Watch illustrated that there is a fourth factor impacting the housing crunch.
In 2012, the average time that a homeowner owned their home was 10.1 years. As of 2021, that figure has risen to 13.2! Of course this may have been a direct result of the pandemic when homeowners were choosing to hunker down and turn their homes into spaces for comfort, relaxation, fitness, work, and play.
But this also means that homeowners are now living in their homes longer than before and properties are not being put up for sale as fast as they used to be.
This is then another sociological factor on the supply and demand issues affecting the housing marketplace.
Other recent housing data and findings:
- Median home prices rose 15.4% - year to year [National Association of Realtors]
- Sales were 2.3% lower - year to year [National Association of Realtors]
- Pending Home Sales fell by 5.7% - month to month [National Association of Realtors]
- Pending Home Sales fell by 9.5% - year to year [National Association of Realtors]
- Sustainable housing demand continues -- especially among millennials [Forbes]
- Prices are not expected to fall - it comes back to a glut on the supply side [Realtor.com]
We will of course closely monitor what all of the above may mean for you and report back next month.
*though mortgage rates have gone up, they are still historically low
MARCH NEWS
This month we share our picks for fun events in our community, our Clients and Listing of the Month, plus these articles to inspire you in a Spring renewal of your home and garden:
- Your Spring Home Maintenance Checklist
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Essential Spring Gardening Resources
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15 Fresh Spring Decor Picks for Every Room in Your House
- Spring Brunch Menu
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62 Adorable Easter Table Decorations to Put You in a Festive Mood
If you are considering selling your home and we may provide you with a home valuation, or if we may assist you in finding a new one, our team is always here for you!
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Have a Bright Spring!
Melissa, Glori, and Rae
THE MELISSA MULLIS PROPERTY GROUP
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AMAZING SUNSETS ON COZY FRONT PORCH
IN DOWNTOWN MADISONVILLE ON DEAD END STREET
408 BORDEAUX COURT, MADISONVILLE, LOUISIANA 70447
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PENDING/ RESIDENTIAL/ MLS# 23268346/ 4 BEDROOMS/
4 BATHS/ 2,774 SQ. FT/ .25 ACRES
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Custom built with 3 car garage and 2 covered patios overlooking outdoor oasis with heated pool and spa. Soaring ceilings, heart of pine floors, cypress cabinets, plantation shutters, Viking range/dishwasher/wine cooler. Primary bedroom has French doors to porch. Bath has steam shower, 2 walk-in closets. 3 beds/2 bath upstairs with tons of closets. Walk/bike to restaurants, park, and library. New Roof. No HOA fee. Priced below appraisal. |
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CLICK HERE TO VIEW LISTING
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Al Baudier
Bill + Christine Gray
Margaret Jenkins
WE LOVE HELPING YOU FIND YOUR WAY HOME
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Recurring Monthly on 3rd Thursday - Abita Springs Songwriters' Circle - for more info, click here
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Recurring Monthly on Last Friday - Creole Tomateaux Food Truck Fridays - for more info, click here
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Recurring Weekly on Sunday - Madisonville Makers' Market - for more info, click here
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March 5 – LPO Northshore Classics: Mozart’s Prague Symphony - for more info, click here
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March 6 – Here Comes the Bridal Expo - for more info, click here
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March 12 - Annual St. Patrick's Day Parade and Celebration - for more info, click here
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March 17 – Covington St. Patrick’s Day Concert - for more info, click here
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March 20 – Peter Collins Piano: Third Sunday Concert at Christ Episcopal - for more info, click here
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March 20 – Chef Soiree 2022 - for more info, click here
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Abita Springs Art + Farmers' Market - Sundays 11:00 am to 3:00 pm - for more info, 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 - for more info, click here
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Farmers' Market at Giddy Up Folsom - Saturdays - for more info, click here
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Mandeville Community Market - Saturdays 9:00 am to 1:00 pm for more info, click here
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Madisonville Market - Sundays 10:00 am to 3:00 pm - for more info, click here
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MELISSA MULLIS REALTOR
RE/MAX ALLIANCE
625 N CAUSEWAY BLVD, STE. C
MANDEVILLE, LOUISIANA 70448
C [985] 629-1705
W [985] 674-5628
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GLORI LACOMBE, BUYERS; SPECIALIST
Glori previously worked for Melissa Mullis Realtor-RE/MAX Alliance as a Transaction Coordinator. Her positive attitude, welcoming smile and knowledge of the North and South shore markets makes her a great asset to our team.
Glori and her husband Mike have been married 22 years and have resided on the Northshore over 20 years with their beautiful daughters Madeline and Anna Marie. Glori and Mike are avid gardeners, love their fur babies, and enjoy strolling local Farmer’s Markets on weekends as well as spending free time with family and friends.
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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 5 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 a little 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
625 N CAUSEWAY BLVD, STE. C
MANDEVILLE, LOUISIANA 70448
C [225] 216-5746
W [985] 674-5628
Each office independently owned and operated
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