The country is still trying to get comfortable with the new norm. Life all around is ever-changing with the current pandemic. The real estate market is no different – agents, lenders and customers are connecting and transacting virtually. One thing that has remand constant in this uncertain day in age is purchasing a home.

The National Association of Realtors‘ current report stresses the full economic

impact of home sales, “The total economic impact of real estate related industries on the state economy, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage lending and title insurance.”

To see how this works, we will breakdown the average economic impact of just one home sale in the United States. A home that sold for $84,724 will give the real estate industries $23,544 (27.8%), home purchase expenses $4,243 (5%), multiplier of house related expenditures $25,932 (15.1%) and new home construction $91,433 (53.3%).

As you can see when a home is purchased it makes a big impact on the economy. It is a win-win situation where you have a place to live, and you are initiating jobs and income for everyone involved in the transaction. In a nutshell, purchasing a home is making the home buyer an “economic driver.”

Even with the current times, there are many things you can do to keep your home search going. If you have decided to go ahead with your dream of owning a home you need to get pre-approved for a mortgage. Getting pre-approved not only helps you understand how much you can afford but also lets others know you are a serious buyer. Since there is a stay-at-home order, it is important to connect virtually with a Realtor or talk directly to a builder to build a new home or fully custom home. A Realtor is someone you can trust and knows the ever-changing dynamics in the current market. Builders have tons of resources including floorplan design, financing, pricing and selections recommendations, and all businesses involved in the closing of your new home.

Also, you can still do real estate research online.  Even before the pandemic, online searches for real estate were well over 90% with home buyers starting on the Internet to find a home to buy. Shop mortgage lenders and see if there are any down payment assistance programs that would work for you. You do not have to put your dream of owning your own home on hold, you can view do most of the preliminary footwork for finding and making an offer on a home for sale online. Virtual tours and online sites can help you navigate the housing market, and Ron Lee Homes is also here to help with a toolbox of virtual services for your home buying or home building needs.  Contact Us Today at 985-626-7619 or email Info@RonLeeHomes.com.

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Come see the current trends at the Parade of Homes.


St. Tammany Parish Home Builders Association
2020 Parade of Homes

When: May 17, 2020
12pm (noon) – 5pm

Where: Click Here.

 

What: Click Here for More Information.

The Northshore Parade of Homes includes St. Tammany, Tangipahoa and Washington Parishes.


St. Tammany Parish Home Builders Association
2020 Parade of Homes

When: May 15, 2020
12pm (noon) – 5pm

Where: Click Here.

 

What: Click Here for More Information.

Come see custom-built homes by Ron Lee Homes at the Parade of Homes.

 

St. Tammany Parish Home Builders Association
2018 Parade of Homes

When: Postponed to July 12, 2020
12pm (noon) – 5pm

Where: Click Here.

 

What: Click Here for More Information.

The Northshore Parade of Homes includes St. Tammany, Tangipahoa and Washington Parishes.


St. Tammany Parish Home Builders Association
2020 Parade of Homes

When: Postponed to July 11, 2020
12pm (noon) – 5pm

Where: Click Here.

 

What: Click Here for More Information.

The Saint Joseph Abbey Golf Open will be held in Covington.

Golf Tournament

When: Postponed

Where: Covington Country Club
200 Country Club Drive
Covington, LA 70433

What: $100 per golfer, $400 per team

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Private homes will be on tour in the historic district in Mandeville.

Mother’s Day Home Tour

When: Canceled

Where: Old Mandeville
605 Carroll Street
Mandeville, LA 70448

What: $20 Adults, $12 ages 12-18, under 12, free.

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Come see Sarah Quintana & Lacher Prise live in Mandeville at the Dew Drop Jazz Hall.

Spring Concert Series

When: Canceled

Where: Dew Drop Jazz & Social Hall
430 Lamarque Street
Mandeville, LA 70448

What: $10 Adults, students and children free, at the door (no advance sales) Click Here for More Information.

Come hear Matt Lemmler’s New Orleans Jazz Revival Band live in Bush.

Pontchartrain Vineyards’ Jazz’n the Vines Presents
Matt Lemler’s New Orleans Jazz Revival Band

When: Canceled

Where:
Pontchartrain Vineyards
81250 Old Military Rd.
Bush, LA 70431

What: $10 for adults and children 17 and under are free. Food and wine is available for purchase during the shows, but guests are encouraged to bring picnic dinners and lawn chairs or picnic blankets for seating.
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Good People is a play based off blue-collar Irish who and their challenges live in Covington.

Good People

When: Canceled

Where: Playmakers Inc
19106 Playmakers Rd
Covington, LA 70435

What: $20 Adults, $10 Students

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