Archive for the ‘Local News’ Category

A Jump In Homebuyer Traffic

Even with the COVID-19 pandemic, 2020 has seen a lot of upticks in the residential real estate market. In fact, Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), believes that the sales will be higher this year than they were last year. His prediction for next year forecasts an 8 – 12% […]

New RTA Ferry Between Canal Street and Algiers Point

A new ferry called the RTA 2 took its maiden voyage on October 10, 2020, after two years of delays. Passengers will be taken on the Missississippi River between Algiers Point and Canal Street. The RTA 1, RTA 2 and another aluminum boat were slated to be completed in 2018. The vessels were completed on […]

Is Now A Great Time To Build a Single-Family Home?

According to the Census Bureau’s 2019 Survey of Construction (SOC), the time it takes to complete a single-family house from authorization to completion of construction is 8.1 months. Broken down it is a little more than a month from authorization to start and around 7 months to complete construction. The time is not always the […]

Home Sales and Prices Are Still on the Rise

As the summer data is being recorded, home prices and home sales continue to rise. It’s no surprise with the low mortgage rates and increases in pending home sales. The S&P Dow Jones Indices’ S&P CoreLogic Case-Shiller U.S. National Home Price Index data rose at a seasonally adjusted annual growth rate of 4.7% in July, […]

Coronavirus Boost VA Loan Activity

The housing market has been going strong through the coronavirus pandemic so it’s not a surprise that real estate and real estate financing are also doing well. The U.S. Department of Veterans Affairs (VA) reports that VA Loans are through the roof. As of 2020’s third-quarter (which includes the months affected by the pandemic), the […]

New Orleans Museum of Art To Get A Famous Mural

“Symbols of Communication” is a large mural that was previously located in the lobby of The Times-Picayune building has found a new home in the New Orleans Museum of Art (NOMA). The mural, by renowned Mexican-born artist Enrique Alférez, will be a permanent feature in the museum’s auditorium. Enrique Alférez was born in 1901 in […]

New Restaurant Opens In Algiers

This is definitely a tricky time to open a new business in any venture especially the restaurant industry. The pandemic has wreaked havoc in the food serving business and has caused the industry to change the way food is served for a while. Takeout is now the new norm for most restaurants throughout the US. […]

Record Lows Mortgage Rates Still Going

Freddie Mac had good news to report regarding 30-year mortgage rates last week. It was the third consecutive week the average 30-year fixed mortgage rate dropped. This report was the lowest point in the history of the survey, which was established in 1971. Great news for homebuyers in the market. Today’s rates will allow homebuyers […]

Dana Wade the New FHA Commissioner

The Senate announced the replacement of the Federal Housing Administration commissioner Brian Montgomery will be Dana Wade. President Trump nominated Dana Wade this February. Wade previously was the acting FHA commissioner from July 2017 to June 2018 and then became the program associate director for general government at the Office of Management and Budget from […]

Jefferson Parish Schools Delayed Because of Coronavirus

In the July 15th Jefferson Parish School board meeting it was voted to delay the start of the school year because of the pandemic. The school board recently conducted a survey regarding coronavirus concerns. Out of the 10,305 responses, 68% would like to delay the first day of school to August 12th. The coronavirus is […]

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Kelly Waltemath
The Kelly Waltemath Team
Cell: (504) 236-8587
Scott Waltemath
Phone: 504-231-7998
Keller Williams Realty Services
1522 W. Causeway Approach
Mandeville, LA 70471
Office: (985) 727-7000
Each Brokerage Is Independently Owned & Operated.
Classic Properties Management Corp.
3520 Holiday Drive, Ste A
New Orleans, LA 70114
Office: 504-364-2350
Licensed in Louisiana