New Orleans Real Estate News

Aug. 18, 2020

Jefferson Parish First Time Homebuyer Program is Now Open

During a time when mortgage rates are continually hitting new record lows it is the ultimate time to buy a home. However for many the barriers to home ownership are usually the costs associated with the down payment and closing costs. That is why there is always such high interest in first time home buyer programs.

Jefferson Parish has just opened the 2020 First Time Homebuyer Assistance Program. This is an incredible opportunity for lower income individuals to make the leap into home ownership.

The program is part of the U.S. Department of Housing and Urban Development's "HOME Program" fund. It is a part of the federal funding designated for people looking to buy their first home in Jefferson Parish.  

Qualified homebuyers can receive up to $50,000 to buy a home in Jefferson Parish, including the unincorporated Kenner, and up to $60,000 per applicant in the City of Kenner excluding the unincorporated Kenner. 

To qualify, applicants must meet the low-income guidelines and attend two classes: "The First Time Homebuyer Training Class" and "Financial Fitness Class".

Depending on the amount of funds received the homebuyer will be expected to maintain primary residence in the purchased home for anywhere between 5 to 15 years in order to the funds provided in the assistance program recaptured.

To learn more about this incredible opportunity head on over to the Jefferson Parish website here and  here

Lender approved applicants can submit their application for funds here.

 

Posted in In the News, News
Aug. 7, 2020

Welcome to the MBell Team Nick Kallman!

Mirambell Realty is excited to announce that we have grown again! We are thrilled to welcome Nick Kallman to the MBell Team. Nick is a recent graduate of Tulane University. He currently works for a local architectural and interior design firm as an architectural designer and photographer. We are excited to have Nick as part of the team!

Posted in In the News, News
Aug. 6, 2020

Welcome to the MBell Team Craig Newchurch!

Mirambell Realty is excited to announce that we have grown again! We are thrilled to welcome Craig Newchurch to the MBell Team. Craig is excited utilize his years of experience in property investment into the real estate industry. Welcome to the team Craig!

Posted in In the News, News
Aug. 3, 2020

Craig Mirambell Quoted Again By City Business

As the housing market continues to soar to new records across the New Orleans metro, City Business has once again reached out to seek the wisdom of Craig Mirambell. Craig has been quoted discussing the remarkable rebound that the housing market has mad after a less than stellar spring season hindered by lockdown impositions. 

 

See the article in full at City Business.

Posted in In the News, News
July 30, 2020

Welcome to the MBell Team Jennifer (Jena) Russell!

Mirambell Realty is excited to announce that we have grown again! We are thrilled to welcome Jennifer (Jena) Russell to the MBell Team. Jena is excited to hit the ground running and get into the real estate industry!

Posted in In the News, News
July 17, 2020

Golden Girls Home For Sale

According to the great Blanche Devereaux, "Pretty women go shopping." And now all the pretty women and men have the chance to own a piece of iconic TV history, of course this history comes with a $3 million price tag.

For the first time ever the home used for exterior shots in the TV perfection known as The Golden Girls, is for sale. While TV sets in LaLa Land were used for the interior shots. The exterior home is just as recognizable to fans of the sassy foursome that have graced our TV sets through syndication over the last few decades.

This mid-century modern gem was custom built in Los Angles in 1955 and it's interior has remained a mystery to fans of the show for the last 65 years. Now thanks to a virtual 3D tour (just like the ones we use on our listings!) everyone can take a peak inside this slice of Hollywood history.

Check out the listing for 245 N Saltair Ave, Los Angles by Douglas Elliman agent, Rachelle Rosten.

If you live in the LA region and are looking you better move fast or you'll be quoting Rose Nylund by saying, "It's a crock of bull, I want that sucker bad!" as someone else moves their pastel shoulder padded wardrobe in.

 

*Photos Courtesy of Listing Agent, Rachelle Rosten.

Posted in In the News, News
July 1, 2020

Mortgage Rates Continue to Hit New Lows

Amid the tensions of the global pandemic and national affairs, there has been one shining light of 2020. In efforts to stabilize and salvage a plummeting economy, the Federal Reserve has continued to slash the federal reserve rates and though those rates are not a direct correlation into the mortgage rates, we have seen historic mortgage interest rates throughout the year.

In the recent days the Chairman of the Federal Reserve, Jerome Powell, testified before Congress. He explained that despite the gloomy markets of 2020, the housing market might just be the beacon of hope that pulls the US economy out of this COVID recession.

Amidst Powell's testimony before Congress, the mortgage rates hit a new all time low. As of June 30th, 2020; US mortgage rates dipped to an average of 2.94% for a 30-year fixed-rate mortgage. Along with the dirt cheap mortgage rates, the housing market is currently on fire. Nationally, the pending home sales shot up by 44.3% from April to May.

The chief economist for the National Association of Realtors said, "This has been a spectacular recovery for contract signings, and goes to show the resiliency of American consumers and their evergreen desires for homeownership. This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery."

With these current record lows on mortgage rates, it is important to shop around to find the best interest possible for your given personal situation, as well as shop around for home insurance rates. Also, given the business of the market it is important to insurance that your are pre-approved with a lender prior to any serious shopping around, since homes are going under contract quickly these days.

Our agents are ready to help you through this impressive housing market. We have incredible lenders we work with to help you find the best interest rate available during this historic time.

 

*Information provided by Yahoo Finance

Posted in In the News, News
June 25, 2020

Craig Mirambell Quoted By City Business

A recent City Business article quoted our own Craig Mirambell in discussing the recent surge in real estate sales. The article explains that as reopening as increased across the region and the historically low interest rates on home mortgages have held, the area has a seen a recent spike in home sales. 

Craig was quoted in the article further reiterating this point by explaining that some of his clients are seeing interest rates as low at 3% on 30 year mortgages and as low as 2.5% on 15 year mortgages. He stated in the article that rates like this are bringing out new buyers who have not been interested in the housing market before.

See the article below to learn more about this rapid growth in recent home sales:

 

*Source: City Business

Posted in In the News, News
June 11, 2020

Michelle Rousse Chosen for 2020 Excellence in Real Estate

This coming September New Orleans City Business will honor is 2020 class of Excellence in Construction & Real Estate at the New Orleans Museum of Art. These awards are bestowed upon members of the industry who have led their way in both professionalize and excellence. 

We are thrilled to announce that during this year's class our very own Michelle Rousse will receive the award of Excellence in Residential Real Estate Agents. Michelle has been selected amongst a class of extremely hard working and talented individuals within the industry of real estate in the New Orleans metro.

Michelle is truly deserving of this award. She continuely amazes everyone in our office with both her success in the industry as well as her kind and smiling spirit. Michelle is nearing five years in this business and its incredible to see how far she has succeeded in this field in such a short time.

Congratulations again to Michelle Rousse on a such an incredible honor.

 

*Source: City Business

Posted in In the News, News
March 24, 2020

Real Estate Market Takes Precautions Amid Pandemic

A recent article published by New Orleans City Business has quoted Craig Mirambell discussing the changes that the Mirambell Realty office has taken during amid the current pandemic plaguing the nation. 

Craig explained that his agents are taking the necessary precautions to ensure their clients, as well as their own, safety. They are showing homes with none to minimal touching of any surfaces within the property. As well as using common sense and basic safety measures of washing their hands frequently and using hand sanitizer when hand washing is not feasible. He also explained that his agents are not shaking hands and keeping safe distances. 

Craig also explained that as a brokerage we have always promoted the digital presence of technology within the industry and now more than ever our brokerage is pushing virtual tours through our social channels.

The article also reached out to other agencies in the local regions to hear a similar response on the safety precautions that their agents were taking in the face of the growing pandemic.

The article in full can be seen by City Business readers at this link HERE.

Or read in full through the images below:

Posted in In the News, News