New Orleans Real Estate News

March 16, 2018

Louisiana Among the Lowest Credit Averages in the Nation

A recent article outlined the average credit scores across the nation and ranked the top ten states with the highest average credit scores and the lowest ten states.

Unfortunately Louisiana made the list for the states with the 10 lowest credit scores. In fact we were second to last, falling just behind our neighbor Mississippi.

While the national average credit score is at its highest since 2012, coming in at 675. Here in Louisiana our average is at 650. Mississippi, whose ranked the lowest had an average credit score of 647. And Georgia ranked just above us had an average credit score of 654.

While is is unfortunate that our state was one of the lowest ranked, it doesn’t mean we can’t do anything about it. According to, there are ways to improve your credit score. First they suggest obtaining a copy of your credit score from each of the three bureaus. Experian, Equinox and TransUnion are all required to provide one free annual copy of your credit to you if requested. Use this free copy to make sure that all the reports are accurate and if you spot errors you can dispute them with the credit bureaus. also suggest to use the copies of your credit report to pinpoint areas of your financial plans that you need to improve and then create a plan to change your habits. If you have a habit of paying your credit card payments late, change the due date on your calendar to a week before its actual due date to make sure you aren’t late or sign up to have the payments directly withdrawn from your bank account. They also suggest clearing up any collection accounts, opening a secured credit card and limiting the amount of applications your sign up for. 

With these tips maybe the state of Louisiana can be ranked a tad higher next year on our average credit scores. As frustrating as the credit system seems to be, its a part of life that really matters. Especially if you are looking to buy a home. And since home mortgages continue to increase nationally each year, it’s important as a state that we improve our ranking in this area so that we can access home ownership by having the best credit score possible.


information obtained from:

Realtor Magazine



Posted in In the News
March 15, 2018

Mary Dominach Named "One to Watch" by City Business!

In a recent City Business article Mirambell Realty’s own Mary Dominach was featured as a “One to Watch” in Real Estate. The brief article discussed how Mary has been one of the top producers since joining the Mirambell team and how she was awarded the Mirambell Realty M Bell Connect Leads award last year.


Congrats Mary on being a named a “One to Watch”!


Posted in In the News
March 13, 2018

March Monthly Agent Spotlight: Christopher Cazenave

It takes a special individual to make it in Real Estate. You have to have that right personality that just attracts people to you. The type of personality that lights up a room. Here at Mirambell, all our agents have amazing personalities to work in the Real Estate Sales business, but no one quite lights up a room like our own in house 610 Stomper, the one we call Meatball.

Christopher Cazenave, aka Meatball, has one of the must charismatic and charming personalities, and listening to his story of how he ended up working in real estate, it's almost like this career path found him. Prior to his days of dancing through the streets of New Orleans, or buying and selling homes, he was actually a trained chef. Christopher honed his culinary skills in the Tuscany region of Italy. After being trained in the culinary arts in Lucca, Italy, he returned to his hometown of New Orleans and opened a gelato restaurant. It was when his restaurant's rent was drastically and unexpectedly increased that he found a new calling, Real Estate. He reached out to family in the Real Estate business to try and find guidance in his rent issue and instead found a new career. Don't worry his culinary skills have not gone to waste, if you are a lucky lady he is trying to impress he would be glad to show off his skills in the kitchen.

Real Estate though now is his full time gig. He loves helping families find their home. The excitement that their joy brings to the transaction never gets old to him. He is not the type of agent that pushes his clients into a certain home. He lets his buyers find the home of their dreams and then he works his butt off to negotiate them the best deal possible. He loves his transactions to be quick though. There is nothing worse to him or a buyer than a long drawn out negotiation process. So once he puts a buyer's offer in, he gets the other agent on the phone and tries to hammer out a deal as fast as possible. That way his clients get in their dream home quicker and seller can move on to their next adventure quicker. He is the perfect fit for a Mirambell agent, since Mirambell focuses on technology forward Real Estate, and Christopher feels that growing technology use in the field is the only way to go. As he put it his office is his cellphone.

Outside of work, you'd be hard pressed to find Christopher stopping. If he's not selling Real Estate, he might be working his part time job with the Constables office of Jefferson Parish. Or he may be dancing in the streets of New Orleans, surrounded by his favorite architecture of the French Quarter alongside his fellow 610 Stompers. He loves to dance and have fun and just enjoy life, which is why his role as a Stomper fits him so well. He not only gets to have a great time, he gets to give back to the city he loves through all the charity work that the 610 Stompers do, as he says they, "help through dance."

His joy for life is also a large part of what he loves about working for Mirambell Realty. He started in Real Estate at a larger corporate type brokerage and felt like his skills weren't being truly appreciated. Since he knew Mirambell Realty's owner, Craig Mirambell through a family connection he reached out looking to join the MBell family. And that is what he found here, another family to be a part of. He loves that the staff at Mirambell can get together and let loose and have fun, but also work hard and get the job done for their clients. With Christopher, the Meatball, Cazenave you get more than just an agent. He will be his bright amazing personable self around you whether you are a client or a friend. But just know that if you do become his client, you are also likely to become his friend.

Posted in News
March 6, 2018

Mirambell Realty Celebrates 10 Year Anniversary

A decade in Real Estate Sales says a lot for a boutique brokerage in New Orleans. Plenty of adversity needed to be overcome year after year, and thats a testament to the agents at the firm.  From real estate disruptors like Katrina to online competition from the Zillow’s of the world, M Bell has stayed the course and remains committed to not making drastic changes from outside influences. With almost daily changes in technology, the firm has placed a large focus on hiring agents that aren’t afraid of technology changes and welcome the evolution in Real Estate.  


Craig Mirambell Jr., President and CEO of Mirambell Realty said, "Looking back on 10 years in Real Estate, the REALTORS at Mirambell Realty can proudly say they have been a part of the regrowth of Metro New Orleans, and have humbly placed friends, family, and new clients in their dream homes.  We are excited to celebrate this milestone in the New Orleans Real Estate Market.  As we reach the end of a decade long journey, we are proud to say we have kept to our goals of creating a dynamic culture for our agents while offering our agents the best in commissions, technology, training, and lead generation. We have helped so many people successfully buy and sell their prized possession, and with each sale, our agents have never taken that task lightly.”  
The next 10 years is bright for Mirambell Realty.  They look to grow their agent count and market share by referrals and brand recognition. Mirambell Realty will always offer the best technology to help their agents and clients complete a sale as efficiently as possible.  They will continue to be resourceful when it comes to marketing and advertising in this market.  With the recent addition of Mirambell Realty's In house Professional Photography along with products and solutions already being offered like Matterport 3D tours on every listing, it is clear the firm’s focus is staying ahead of the curve with the use of technology and always Rethinking Real Estate. 
Posted in In the News
March 5, 2018

Five Star Review For Andrea Corne

Our agents are incredible hardworking individuals and it is always a wonderful thing to see the praise their clients give them. Andrea Corne recently received an outstanding review on Zillow. Her client stated, "Andrea served as our agent while finding a new house for our growing family. From the first day she was very responsive and thoughtful. The showing, negotiation, and closing process were all so painless. She was extremely professional, always punctual, and advocated for what we needed. Andrea helped guide us through the whole process sending helpful reminders and checking in outside of what was needed. She is very knowledgeable of the area and the general process of building renting, owning. She provided helpful recommendations for things like insurance and even furniture. We would highly recommend working with Andrea for any situation you have. I guarantee she will over-deliver. What could have been a stressful process for us was really pleasant because of her service."

Congratulations to Andrea on such a kind review. We know you'll keep working hard for your clients.

Posted in News
Feb. 27, 2018

Craig Mirambell Featured in City Business Article

The current issue of City Business, the business newspaper of metropolitan New Orleans, recently ran an article discussing the housing market predictions for 2018. The author of the article, Andrew Valenti, writes about how historic homes in the Uptown and Garden District neighborhoods were hot commodities when they were on the market in 2017. The author says that, "Many properties in these neighborhoods, such as the $1.3 million home at 1300 Peniston St., lasted mere hours on the market before going under contract." Outside of the city proper, the article talks about the hot housing market in neighborhoods like Old Metairie. Valenti writes that the top four of the ten top selling homes of 2017 came from the Old Metairie area.

After discussing the successes of the market in 2017, the article turns its attention to the predictions for 2018. Mirambell Realty's own Craig Mirambell is quoted in this portion of the article. He talks about how successfully January as been, Craig stated, "This is the best January we've had in the last three years. Low interest rates and a strong stock market have contributed to this positive news." The article talks about how they expect as much as an 8 percent increase in sales volume in 2018. Craig contributed to this article with not only his notice of how successful January has started the year, but also by saying, "We've seen the most activity in Mid-City, Old Metairie, and Uptown." Craig also stated that, "If interest rates stay in the 4 percent range, Mirambell said it's likely that sales volume will increase. If there's available inventory, buyers will be there."

Mirambell Realty is excited to see the continued growth in the market during 2018 and the continued success by our agents. We are also very proud of Craig for being featured in this article.


Posted in In the News, News
Feb. 22, 2018

Monthly Agent Spotlight: Mary Dominach

This month we are getting to know Mary Dominach. Mary joined the Mirambell team a couple years ago. Since then she has been rocking and rolling, being one of the most steady earners at Mirambell.


Prior to working in real estate, Mary worked for twenty years as a patient liaison in the medical field. Unfortunately the department she worked in closed and she was left searching for work. She ended up finding a position as a large real estate firm as a secretary. After two years working parti time in that position she felt that it was time to get her license. Once Mary was officially a licensed real estate agent she searched out a brokerage to work for.


That’s when Mary found herself at Mirambell. She felt like the larger brokerages weren’t personal or intimate enough and that she would get lost in the shuffle at those type of places. She interviewed with Craig and like the close knit family atmosphere here at Mirambell, and well the rest is history.


Mary loves real estate. Her past experience as a patient liaison has translated into a kind and understanding persona for her sales business. She is able to really listen to the wants and needs of clients, work back and forth on the phone and find them the right buyer or home. Though she never had worked in any sales type of setting prior to this position all those skills of working with people of all walks of life have made her an amazing real estate agent. She loves to work with buyers because to her is the most rewarding part of the job to see someone so happy to find their home. 


Though Mary currently sells mostly in the Metairie and River Ridge area, she would love to get some work in the Garden District. She is absolutely enamored by the gorgeous victorian old homes. She would be thrilled spend her days showing clients the old woodwork and high ceilings. It is definitely her favorite New Orleans architecture style.


Mary isn’t all real estate all the time though. Outside of work Mary can be found spending time with her family and adorable little grandson. She loves to go out to eat with her friends and play cards. She is also fond of her trips out to Wolf River in Mississippi to go canoeing. She has also been a long time lover of hiking and white water rafting. She loves getting outdoors and enjoying the world. She also loves to read. Her kindle is chock full of books from all sorts of genres. She doesn’t have one particular favorite type of read, just whatever catches her attention. Currently, she is reading The Handmaid’s Tale by Margaret Atwood. She is also an avid animal lover. She loves to work with charities or anything to do with animals. She recently signed up to begin to volunteer with the Louisiana SPCA. She hopes to start helping with their adoption drives around the area.


If you are looking for an agent currently and would like to work with someone who is jovial and fun like Mary, feel free to call her anytime. She loves showing buyers potential homes and is looking forward to finding her next clients. Contact her here: Mary's Profile

Posted in News
Feb. 5, 2018

Air BnB Your Way into Homeownership?

Saving enough to have a down payment on home is a large hurdle that many first time home buyers face. Many struggle to get over that obstacle. While there are banks and city programs now available to assist in the process of acquiring a down payment, it seems a startup company out of Seattle, Washington has taken a truly unique approach to helping potential buyers achieve homeownership.

Unlike traditional programs to assist with the down payment, the start up Loftium, does not require that the potential buyers live in the home for a certain time period, have a certain credit score, require a cap on income or the purchase price of the home, there's just one big requirement from them. That is you must list at least a room in your home on Air BnB for at least 1-3 years and give them a percentage of the earnings.


This unique company currently only provides down payment assistance in the greater Seattle area but has hope that with continuing success that they could expand nationally. Their service they say allows people to get into their dream home and helps them setup a passive income stream. Loftium provides their customers with up to $50,000 towards the down payment of a home the greater Seattle area. With such a large sum, the potential homebuyers are able to get into their new home with the necessary 20% down payment that keeps them from having to pay mortgage insurance.

While this does seem like a great concept and is proving to be extremely successfully in Seattle. There are a few potential wrinkles that could arise as Loftium continues to expand its services. Since they don’t currently have requirements on residency, one could easily use their services to buy a home and solely rent it on Air BnB. Which, in an area like New Orleans, could further the problem of out of state investors pushing local residents out in favor of profiting on short term rentals.


A second issue that comes to mind, which Loftium even addresses in their FAQ page on their website, is the matter of taxes for people who use their service. Currently Loftium provides the money for the down payment as a check directly to the home buyer. Which in turn is a large sum that would have to be reported on taxes as a source of income. Therefore new homebuyers would have to pay at tax time a large sum back to the government for receiving this assistance.


While there are a few issues Loftium or a company similar to them would have to iron out before this concept could spread nationally. It is an interesting take on addressing the issue of acquiring funds for a down payment. This startup is a first of its kind but with more and more millennials wanting to seek homeownership it is likely that finances will become more creative in ways to provide the younger adults of America with pathways to owning a home.


*Information for article taken partially from: The New Tribune

*To learn more about Loftium click here.

Posted in In the News
Jan. 30, 2018

Super Bowl Makes for a Super Boost to the Host City's Housing

The Super Bowl is one of the biggest events every year in America. It would be common sense to think that such a massive event would have a huge impact on the tourism of the host city. But does the Super Bowl caused trends in the real estate market for the host city? researchers have found that there is at least a 50 percent jump in the number of listing near the stadium where the game is held leading up to the Super Bowl. But in the long term impact of the big game varied and larger impacts on lower-cost neighborhood.


The researchers at examined recent Super Bowl host cities and compared how many consumers viewed listings on their site one month prior to the big game and then during the month in which the Super Bowl occurred. They also studied how the number of home sales and median list prices changed in the 12 months following the game.


They found that in Houston, Texas, the 2017 host of the Super Bowl, that the number of listings in the months during and just before the game surged by 30%. The zip code closest to the stadium saw a 52% jump. Four of the five zip codes in Houston that saw the biggest spikes in listings were within 8 miles of the stadium. However, due to Hurricane Harvey, home sales for 2017 dropped overall by 18%. 


In Santa Clara, California, the researchers found that though the Super Bowl seemed to have little change on the housing market around Levi Stadium, there was a 3% positive growth in the median home price in the stadium’s zip code since Santa Clara hosted the big game in 2016.

Glendale, Arizona was the host for the 2015 Super Bowl. Listings in the Phoenix metro rose 31% in January and February 2015 compared to only 22% across the country. Listings in the zip code where the stadium is located saw a 100% spike in listings. Since the Super Bowl left town the median home price in the stadium’s zip code has had a 24% positive change.


In 2014, East Rutherford, New Jersey was the host city for the Super Bowl. They did not see any long term benefits fro housing after being the host of the big game, but listings in the zip code where the stadium is located spike 150% around the time of the game. Also, the area around the stadium saw a 17% increase in page views while the rest of the metro saw a 4% drop. Since 2014, the median home price in the stadium’s zip code has dropped by 3%.


Lastly, our lovely city of New Orleans played host for the big game in 2013. During 2013 listings around the Superdome rose by 67%. And since the Super Bowl left town we have seen a 25% increase to the median home price in the zip code around the stadium. The current median home price in the 70112 area is at $398,500.



*article information taken from:

Posted in In the News
Jan. 3, 2018

New Year's Resolutions for Homeowners

Yesterday we posted resolutions for those looking to buy a home, but maybe you already are a homeowner and you want some resolutions that will help you make the most out of your homeownership experience. Don't worry we've got you covered here are five resolutions to make 2018 your best year as a home owner yet!

  1. Make Larger Payments: So you already made the leap into buying a home, maybe it was last year or many years prior but now you can really take control of that home and start to make dents into the loan. Any additional payments, in excess of your normal monthly mortgage payment, will make a big difference in your loan over time. You do not need to make these extra payments monthly, go with as you financially can, but a few extra hundred dollars put towards your mortgage loan this year can save you thousands in interest over the course of the loans lifetime. Create a spreadsheet to track your monthly spending so you can really see where your money is going each month and find ways to shave off some spending in certain areas like that daily coffee run or weekend take out. All that money you save you can put towards an extra big mortgage payment that could help to shorten the loan term or save you in interest costs.
  2. Consider Refinancing: Whether you have owned your home for 6 months or 6 years refinancing your mortgage could be a great option to make 2018 your best financial year ever. Refinancing a mortgage loan can help to lower your monthly mortgage payments or even shorten the loans terms. To really make a massive impact on your finances this year try making larger payments for the first half of 2018 on your mortgage and then in the second half of the year plan to refinance the mortgage loan. You will really see the savings pile up then!
  3. Review Your Homeowner's Insurance: Even though it is much easier to let your insurance rollover year to year so that you don't have to worry about review insurance documents, you may be missing out on great savings. Take some time in 2018 to review your current homeowner's insurance plan and to shop around a bit. You may already have the best deal out there but you won't know that until you do a little research first. That time spent could mean major extra bucks in your wallet this year.
  4. Clean Out the Clutter: Though some people wait until spring to clean out and organize their homes, why wait!? There's no better way to start a year off than in a freshly cleaned home. Studies have shown that having clutter around will decrease your productivity. Studies have also shown that clutter can lead to anxiety and stress, making it difficult to relax and enjoy your home. So make the most of this year by sorting out the things you don't need or use anymore. You've invested so much financially and personally into your home, it should be a place that promotes productivity and relaxation.
  5. Be Pre-cautious: The start of a new year is the perfect time to review the condition of your property. Make sure your home is safe inside and out so that you and your family can enjoy 2018 to the fullest. Check your foundation for any holes or cracks so that you can address the problem before it escalates. Do the same for your roof. Inside, check your smoke and carbon monoxide detectors. Create an annual home maintenance checklist of normal routine things that should be tested or checked. This list could include things like checking the status and condition of the furnace, evaluating the insulation of the water pipers or inspecting the central air conditioning unit. Throughout the year you can refer to this list so you stay on top of your home's overall condition. It will help you minimize the element of surprise and the overall cost of emergency repair bills. 


*article information taken from: New Year's Resolutions for Homeowners

Posted in News