Yo Joe! – Uptown Messenger

Yo Joe! February Real Estate Advice

Posted by tcworthy at 9:00 am business, land use & development, opinion

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 »

Yo Joe! 2019 Real Estate Advice

Posted by tcworthy at 9:00 am business, land use & development

Jan 122019

Sponsored by Korman Gerrity Real Estate

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 »

Yo Joe! Real Estate Advice for November

Posted by tcworthy at 11:30 am business, land use & development, opinion

Dec 152018

Sponsored by Korman Gerrity Real Estate

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 »

Yo Joe! October Housing Report & Real Estate Advice

Posted by tcworthy at 10:00 am business, land use & development

Nov 102018

Sponsored by Korman Gerrity Real Estate

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 »

Introducing Yo Joe! Real Estate Advice

Posted by UptownMessenger.com at 10:00 am business, land use & development

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.

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.