Housing Market Prices Increase With Mixed Results

The housing market has completely rebounded and nationally home prices have risen 49.9% according to CoreLogic. The next challenge that builders have been facing is a labor shortage in the construction market and an increase in materials, especially after this year’s hurricanes and wildfires.  To offset this cost, builders and developers alike have been looking… {Read More}

Builder Confidence High for the Month of October

Builder Confidence

A jointly sponsored survey from the National Association of Home Builders (NAHB) and Wells Fargo to a selection of builders in the United States rates builder confidence in three different areas: current sales conditions, prospective buyers, and expectations for future sales. The results of this survey are published each month in the NAHB/Wells Fargo Housing… {Read More}

New Home, Less Space? Here is Some Advice

12-22 Madisonville Oaks Master Bedroom

If you have been able to purchase a new home, and you were able to afford a little less space than expected, there is no reason why your new home has to look or feel crowded, even if you have less square footage. Below are some tips to help you expand the look and feel… {Read More}

Historic District of Covington to Feature New Art Market Location

Art Alley Covington Art Market

Located between N. Columbia Street and N. Florida Street is a slight street in Covington, Louisiana’s downtown district named Hotel Alley.  Streets in the historic district of Covington, formerly known as Division of St. John, are laid out in unique patterns of squares within squares called ox lots. This peculiar design is how the downtown… {Read More}

Increase in Private Residential Construction Spending

12-196 Bedico Creek Mud Room

Private residential construction spending is spending on construction by private parties and homeowners.  Data about this construction spending is collected from retail and wholesale outlets nationally. It seems that homeowners and small builders have a positive outlook on the economy and are spening money on new home construction on their own land or lot, as… {Read More}

NSA Index Is Reporting an Increase in Home Prices

6-Lot 127 Maison du Lac Kitchen Island

The U.S. National Home Price NSA Index is reporting an increase of 4.3% over the peak of the same index in 2006, which was at its highest level right before the housing crash.  Home prices went up in June, 2017 5.8%, which was slightly higher than May’s 5.7% increase.  The index, which is formally called… {Read More}

Know Your Home Buying Process

6-22nd Avenue Backlit Cabinetry

There are many tools that you can use during the home buying process.  You can do the majority of your own research by using online resources on the Internet.  You can manage your finances and credit and get quotes from lenders and banks on your mortgage.  You can research different areas of town to find… {Read More}

How to Be the Expert Home Shopper

Showing Homes

Finding a new home to buy is an exciting and even entertaining way to spend your time.  The thrill of knowing that you are soon to become a homeowner and “have your own place” is one of the best experiences that you can have.  However, below are some tips on how to be the expert… {Read More}

New Home Buying Trends of Millennials

17-12 Bedico Creek Private Back Patio

Since the late 1990’s, home buyers interested in a buying a home have dramatically increased their usage of the Internet to find available homes for sale. In fact, 2016 statistics from the National Association of Realtors show that 95% of home buyers used Internet searches throughout their home buying process.  Of that 44% of home… {Read More}

A 20% Increase in Home Sales During May

4-932 Beauregard Pkwy. Batten Board and Wooden Beam

There is absolutely no doubt that the housing market is recovering steadily without any pit stops along the way. As statistics are released each month by multiple agencies, the news is always the same: records are being set, year-over-year increases in new home sales, existing home sales, and all home sales are happening almost every… {Read More}

Ron Lee Homes • 114 Terra Bella Blvd. • Covington, LA 70433
Office: 985-626-7619 • Fax: 985-727-1790 • Cell: 985-966-0086

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