MELISSA MULLIS, PROPERTY GROUP |
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HAPPY EASTER EVERYONE!
Are you enjoying this lovely Spring as much as I am?
Everywhere I go in our gorgeous North shore communities, I am met with colors, flowers, and bright possibilities.
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Which is why I'm so excited about how Spring moves us toward change, renewal, transformations, and even to make over our home spaces. Aside from the monthly Market Highlights, this month's issue will focus on home makeovers and adding grace and creativity to Easter gatherings with the articles featured below.
MARKET HIGHLIGHTS
As we watch the world respond to the tragic invasion of Ukraine and any impacts on the U.S. economy, changing U.S. fiscal policies -- and the same characteristics of [1] low inventory, [2] higher prices, [3] rising mortgage rates, and [4] slower inventory turnover -- will continue to define the housing market.
Additionally, with low inventory and no change in sight, prices may continue to rise. Meanwhile, despite the rise in mortgage rates, sellers will continue to have the upper hand. According to Zillow, "home values will continue to climb for the next few months through the traditional Spring home buying season with year-over-year home price growth hitting 22% in May." Also, due to the low inventory factor, while prices may plateau at some point, they are not projected to go down.
However given the rise in mortgage rates, more buyers will be priced out of the market as the added monthly cost to a mortgage payment, will make buying a home prohibitive to many.
Current Market Data and Dynamics:
- Average 30 Year Fixed Mortgage Rate hit 4.42% -- week of March 25 [Freddie Mac]
- Average 15 Year Fixed Mortgage Rate hit 3.39% -- week of March 17 [Market Watch]
- Median Monthly Mortgage Payments in February Rose by 8.3 -- from January [Mortgage Bankers' Association]
- Typical U.S. Home Price Rose 32.4% from February 2020 [Zillow]
- Typical U.S. Home Price Rose 14.2% from March 2021 [Realtor.com
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Best Week to List Your Home for Maximum Return - April 10-16 [Realtor.com]
- Inventory of Homes for Sale is Down 18% from March 2021 [Realtor.com]
- Pending Homes Sales Fell by 4.1%% in February [National Association of Realtors]
APRIL NEWS
In this month's events, we feature annual community classics like Spring for Art and the Harvest Cup Polo Classic plus music, Easter events, and more.
This month we've also curated articles to help you refresh, renew, and make over just about every room in your home, plus the best guides to help you have the most memorable Easter ever! Scroll down for the articles, events, Clients and Listing of the Month!
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Makeovers for Almost Every Room in Your House [HGTV]
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Martha's Home Makeover Collection [Martha Stewart]
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6 Bold Designs That Will Reign Supreme This Spring [Elle Decor]
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Bright Ideas for Spring Home Makeovers [Pinterest]
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42 Stylish Home Office Designs to Make 2022 the Most Productive Year Ever [Good Housekeeping]
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Outdoor Makeovers [Southern Living]
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The Most Definitive Easter Recipe and Planning Guide [Food Network]
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TRENDS: The 10 Smart Appliance Trends From CES 2022 that Will Elevate the Future Life of Your Home [Veranda]
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PLUS: 57 Breathtaking Ideas for Spring Centerpieces and Table Decorations [Country Living]
This April, let us help you list your home during the most promising week, April 10-16, and let us help you find a new one. We are here to help!
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Happy Easter!
Melissa and Rae
THE MELISSA MULLIS
PROPERTY GROUP
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BRING THE FAMILY HOME TO THIS 4/ 3.5 TRADITIONAL STYLE HOME ON A CUL DE SAC IN THE POPULAR ESTATES OF NORTH PARK
54 CATALPA TRACE, COVINGTON, LOUISIANA 70433
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PENDING/ RESIDENTIAL/ MLS# 2334086 / 4 BEDROOMS
4 BATHS/ 3,461 SQ. FT
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You will love the open concept great room and kitchen and guest suite conveniently located downstairs. Generous bonus room located above 3 car garage. Primary bedroom has 2 walk-in closets and roomy bath with separate tub and shower. Additional 2 beds have connected bath. Relax on screened porch overlooking secluded backyard with extra covered patio. Brand new roof. Flood zone X. |
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CLICK HERE TO VIEW LISTING
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Heidi Pepperman
Tom Osburn + Jill Nagy
Dorothy Sullivan + Bonnie Frye
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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April 1 – First Friday Live Music at Giddy Up! – for more info, click here
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April 1-2 – Spring Trunk Show at the Southern Hotel – for more info, click here
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April 9 – Easter at the Market – for more info, click here
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April 9 – Spring For Art – for more info, click here
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April 10 – Southern Hotel’s Polo Cup and Easter Egg Hunt - for more info, click here
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April 15 – Sunset at the Landing Concert – for more info, click here
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April 22-23 – St. Tammany Master Gardener Plant Sale – for more info, click here
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April 24 – Harvest Cup Polo Classic – 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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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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