Sep 152019
 

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! It’s been a while. What’s going on?

Yes, it has. Honestly, I’ve been taking on a lot more than I’m used to, and writing this fell by the wayside. I’m formally bringing on a few partners who I’ve been working with for a while,  and together we’re rebranding the brokerage. I launched a New Orleans-based CBD manufacturing company, Crescent Canna, which is now on shelves all over the city. 

Also, I’m still a child at heart so I have a hard time doing anything that can even be conceived of as “school” work during summer vacation…

With that said, I’m handing this edition off to William “Buddy” King, who is the Senior Realtor at Korman Gerrity. He’s been working locally with buyers and sellers for over five years after spending time as a New Orleans teacher. Buddy is without a doubt one of the most professional and competent realtors I’ve ever had the pleasure of working with.

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Jun 082019
 

Sponsored by Korman Gerrity Real Estate

I’m Joe Gerrity, local businessman, investor and Real Estate Broker. For my “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! The weather is heating up. How about the Uptown New Orleans housing market?

Similar to the weather: it’s getting hot! When the numbers were finalized, this was actually the busiest April since 2010 — an interesting observation, considering how many people speculate that the local housing market is slowing down. Additionally, April 2019 was the sixth busiest individual month for multifamily home sales in the past 10 years.

click to enlarge

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Feb 092019
 

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 kind of an impact does Mardi Gras have on the New Orleans real estate industry?

During the lead up and actual prime time of Mardi Gras, the market slows pretty substantially. People are busy setting up for parades, making preparation for house guests, knocking items off their professional to-do lists, and just generally avoiding the responsibility that comes with buying or selling a home. Continue reading »

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Jan 122019
 

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! I want to transfer my investment property out of my name and into an LLC. What’s the process like?

Well, let me start off by saying that the following is my opinion based on experience. I am not an attorney, a mortgage broker or a tax attorney. I do, however, work with many investors and personally own my investment properties in separate LLC’s. Continue reading »

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Dec 152018
 

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’s your general feeling about the housing market right now?

This is obviously one of the main recurring topics of discussion amongst Realtors. Things have been slow the past few months. Hurricane season turns into election season, and then the holidays roll around. There was uncertainty in not only the real estate market but the stock market as well. A lot of people felt that the real estate market has plateaued, or even started to trend downward. Continue reading »

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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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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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