The year 2006 brought one of the most profitable side jobs for Americans, flipping houses. In fact, that year, it was reported that one in ever ten homes purchased were to flip. In 2008, it all came crashing down. Many went bankrupt because they were stuck with owning flips that were on the fast pace to a dramatic depreciation in value. The housing crash not only affected the housing market, but also caused Americans to loose their jobs and businesses. Fortunately things are turning around for the housing market. Today, housing stocks are one of the best investments out there.

According to Forbes.com housing stocks are currently booming. NVR Inc., a homebuilder, is a slam dunk. It was reported that in February 2019, NVR stocks were at a 45% gain beating the S&P 500 at 10%. Those that purchased the stock back in February have made a lot of money. According to the site’s research, housing stocks will be the way to go for years to come.

Another two stocks to invest in are Vulcan Materials (VMC) and Martin Marietta Materials (MLM). Both companies sell concrete and gravel which is used a lot in the house building industry. Homebuilders use both for housing foundations, roads and sidewalks. According to the chart, these two stocks have rocketed in the past year. Revenues in the company are rising and hitting all-time highs.

Housing expert Barry Habib, founder and CEO of MBS Highway, has the insider knowledge from the top players in the US housing market. The biggest issue he sees is supply and demand. Since 2009, only 900,000 homes have been built per year. Habib says this is the lowest inventory since the 1950’s. This is one of the biggest housing shortages we have had. He says that with existing inventory, it would take under six months to sell everything currently on the market.

“The most important driver of home prices is supply and demand. And right now, there is a chronic undersupply of homes in America,” Habib stated.

Habib believes the market is about to be flooded with homebuyers. Millennials have been recorded to be the biggest generation the country has seen. The National Association of Realtors states that one in three homebuyers today is a Millennial.

“On average, folks buy their first home at age 33. Guess what the median age of Millennials is right now? 34. In the past year or two, the first wave of young homebuyers came into the market. But every year for the next decade, tens of millions of Millennials will hit home-buying age.”

This flood will definitely play an important roll in the prices of homes. Supply and demand is the most important driver for home prices. With such a tight supply in inventory the housing market will continue to boom.

What does that mean for homebuilders? They will have job security for a while to come. This fall, new home starts rose to their highest level since the summer of 2007 and building permits are at the highest level since the spring of 2007. Habib believes “the American housing boom has years to run.”

Click Here For the Source of the Information.

Enjoy this family-friendly music festival in Slidell.

Slidell Jazz and Blues Festival

When: November 2, 2019
12pm – 8pm

Where: Heritage Park
1701 Bayou Ln.
Slidell, LA 70458

What: $10/adults 12 and under are free.
Click Here for More Information.

This is the inaugural Abita Springs Fall Fest in Abita Springs.

Abita Fall Fest

When: November 2, 2019
11am – 7pm

Where: Abita Springs Trailhead
22044 Main St.
Abita Springs, LA 70420

What: Advance tickets $20, $25 at door; children 10 and under, free.
Click Here for More Information.

Learn the ropes in filming at the Pontchartrain Film Festival in Mandeville.

Annual Pontchartrain Film Festival

When:November 1 – 2, 2019
6:30pm Friday, 4pm – 9pm Saturday

Where: Mandeville Community Center
3090 E. Causeway Approach
Mandeville, LA 70448

What: $5 Friday feature; one $5 admission for any/all screenings Saturday.
Click Here for More Information.

Freddie Mac reported a small bump up in the 30-year rate in their last data released, however it is predicted that the rates will come down this fall. According to the latest data, the 30-year fixed-rate average is now at 3.65 percent with an average 0.6 point and the 15-year fixed-rate is now at 3.14 percent with an average 0.5 point.

Many lackluster economic views are putting pressure on the mortgage rates to fall. Bankrate.com reported that close to three-quarters of economic experts predict the rates will fall this week. The U.S. Treasuries rose and yields have fallen. The 10-year bond dropped to 1.6 percent at the beginning of Oct. 2019 and just two weeks ago, it was reported at 1.8 percent. When U.S. bonds dip, the mortgage rates usually follow.

“Fueled by low rates and solid home-buyer demand, this fall’s mortgage market continues to be busy,” said Bob Broeksmit, MBA president and CEO. “Mortgage applications for both refinances and home purchases increased last week, and the year-over-year gains were even more impressive. With rates expected to stay around 4 percent, overall activity in the final three months of 2019 should stay solidly above last year’s levels, when borrowing costs were much higher.”

The Mortgage Bankers Association reported that mortgage applications are on the rise. Their report shows an 8.1 percent increase from the previous week’s report. The report also relayed a 14 percent jump in the refinance index and a 1 percent jump in the purchase index.

Click Here For the Source of the Information.

Come see art from artists around New Orleans in Covington.

The Northshore Invitational

When: November, 2019
10am-4pm Tue-Fri, 11am-4pm Sat

Where: St. Tammany Art Association Barranger Gallery
320 N. Columbia St.
Covington, LA 70433

What: Free to Enter.

Click Here for More Information.

Enjoy your weekend at the Northshore Food Truck Roundup in Covington.

Northshore Food Truck Roundup

When: November 1, 2019
5:30pm – 8:30pm

Where: Abita Brewing Company
166 Barbee Rd
Covington, LA 70433

What: Free to Enter.

Click Here for More Information.

This play follows a day in the life of Sam Peliczowski live in Slidell.

Fully Committed

When: November 1 – 9, 2019
Every Friday & Saturday 8pm

Where: 767 Robert Blvd
Slidell, LA 70458

What: $30 – $35

Click Here for More Information.

Chubby Carrier & Bayou Swamp Band live in TerraBella.

Friday Nites On The Square

When: November 1, 2019
5:30PM – 8:30PM

Where: Terra Bella Village
111 Terra Bella Blvd
Covington, La 70433

What:Free Event.
Bring your lawn chairs and blanket but NO outside food or beverage please!