When: January 9, 2021
10am – 5pm
Where: Northshore Harbor Center
100 Harbor Center Blvd.
Slidell, LA 70461
What:
This event will be a unique experience at the Harbor Center.
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When: January 30, 2021
7:30pm
Where: 220 E Thomas St
Hammond, La 70401
What: Tickets $20 – $40.
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When: January 22, 2021
7:30pm
Where: 220 E Thomas St
Hammond, La 70401
What: Tickets $26 – $40.
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When: January 22 – February 6, 2020
Every Friday & Saturday 8pm
Where: 767 Robert Blvd
Slidell, LA 70458
What: $27.50 – $45
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This play will be live in Mandeville.
30 By Ninety Theatre Presents The Awesome 80’s Prom
When: January 9 – 24, 2021
Friday & Saturday 8PM
Sunday 2:30PM
Where: 30 By Ninety Theatre
880 Lafayette St
Mandeville, Louisiana 70448
What: Contact Margaret Mashburn at [email protected] or Click Here for More Information.
Mortgage rates have been dropping now for twelve weeks in a row. The last week of November was no exception. Mortgage applications increased 3.9% in volume the last week of November according to the Mortgage Bankers Association’s seasonally adjusted index.
“Weekly mortgage rate volatility has emerged again, as markets respond to fiscal policy uncertainty and a resurgence in Covid-19 cases around the country,” said Joel Kan, MBA’s associate vice president of industry and economic forecasting.
Refinance applications rose 5% which was the highest since last April. The volume of refinancing was 79% higher than this time last year. In fact, refinance was 71.1% of the total mortgage activity. According to Black Knight, a mortgage technology and data provider, today’s average mortgage rate is about a full percentage point lower than it was a year ago.
The average contract interest rate for 30-year-fixed-rate dropped to 2.92% with the points falling to 0.35 for loans with a 20% down payment. Even with the higher home prices, buyers are still on the winning side with such low rates. Mortgage applications to purchase a home were 19% higher than this time last year.
“Amidst strong competition for a limited supply of homes for sale, as well as rapidly increasing home prices, purchase applications increased for both conventional and government borrowers. Furthermore, purchase activity has surpassed year-ago levels for over six months,” Kan said.
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When: January 8 – 16, 2021
Every Friday & Saturday 8pm
Where: 767 Robert Blvd
Slidell, LA 70458
What: $27.50-$45
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When: January 2021
Every Friday and Saturday
11 am – 4 pm
Where: 320 N Columbia St
Covington, LA 70433
What: Free
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Come enjoy music with Jazz in January in Covington.
Jazz in January VIRTUAL
When: January 22 – 24, 2021
Time and Price TBA
Where: (Virtual) Christ Episcopal Church
120 S. New Hampshire Street
Covington, Louisiana 70433
What: Contact Margaret Mashburn at [email protected] or Click Here for More Information.
As with everything supply and demand also impacts the housing economy. In today’s economy, there is still uncertainty because of the pandemic. As we reach the end of 2020, home prices are still on the rise and are predicted to keep on the same path into the new year.
The current housing market is lacking still in inventory. The high demand for housing combined with the lack of inventory is pushing home prices up. Bidding wars are becoming the norm and homebuyers are willing to pay the hefty price tag in today’s real estate market.
According to housing experts, the new year will continue to see home prices rising due to the continued lack of home inventory on the market. Showtime, which tracks the average number of buyer showings on residential properties, reported that buyer showings are up 61.9% this fall compared to the fall of 2019.
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory,” according to ShowingTime.
If you are in the market to purchase a home, reach out to a Realtor. A Realtor will be able to help you navigate the current face-paced housing market.
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