Nov 102018
 

Sponsored by Korman Gerrity Real Estate

I’m Joe Gerrity, local businessman, investor and Real Estate Broker. For my monthly “Yo Joe!” column, I’ll be answering your real estate questions as well as providing market information and housing statistics.

I believe the main responsibilities of a Realtor are to add value and facilitate mutually beneficial transactions, and through this column I hope to help the New Orleans community make more informed decisions about their housing future.

Yo Joe! What do rising interest rates mean for the housing market?

Generally speaking, it’s not great. While still not too far from historical lows, and definitely below the 30-year average, rates are rising across the board. From single and multi-family, to commercial and renovation loans, the cost to borrow money is going up. It’s increasing the cost to own homes, and in most cases, that is detrimental to a buyer’s ability to buy a home. There will be less buyers qualified to buy certain properties, and it may very well price certain people out of their preferred area. Continue reading »

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Nov 092018
 

The Weird Homes Tour is not your typical home tour. (Thanin Viriyaki, via Weird Homes Tour)

New Orleans residents with eccentric, funky, offbeat homes will open their doors Saturday for the second annual Weird Homes Tour.

Back by popular demand, the New Orleans Weird Homes Tour will take place on Saturday, Nov. 10, from 10 a.m. to 6 p.m.

The national Weird Homes Tour, founded in 2014, celebrates unconventional homes in unique cities. During a self-paced, self-driving tour, visitors will see eight of the most magical and weird homes New Orleans has to offer.

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Oct 062018
 

Sponsored by Korman Gerrity Real Estate

I’m Joe Gerrity, local businessman, investor and Real Estate Broker. For my monthly “Yo Joe” column, I’ll be answering your real estate questions as well as providing market information and housing statistics.

I believe the main responsibilities of a Realtor are to add value and facilitate mutually beneficial transactions, and through this column I hope to help the New Orleans community make more informed decisions about their housing future.

Yo Joe! Do you think that new regulations on short term rentals will have an impact on the housing market? If so, in which way?

It will definitely impact the market to some extent. Anything that creates uncertainty in what has otherwise been a lucrative sector of the market will have some sort effect on the market as a whole.

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