http://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.png00Jennifer Graveshttp://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.pngJennifer Graves2016-08-31 14:30:352016-08-31 14:30:3530 By Ninety Theatre Presents Cat on a Hot Tine Roof, September 10 – 25, 2016
One of the key factors to success in any kind of business is supply and demand. The National Association of Realtors (NAR) agrees that this principle has boosted home pricing in the current housing market. NAR’s chief economist Lawrence Yun believes the housing market is still going strong because of the lack of inventory even though data shows a modest growth rate reduction.
Yun states,”…with homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent – and in many markets at a rate well above income growth.”
In the second quarter of last year the peak existing single-family home price was $229,400, this year however, the second quarter single-family home price has risen 4.9% with a median single-family home price of $240,700.
According to NAR findings, new construction cannot keep up with the demand for new homes. In the second quarter this year 40% of the listings sold over their listing price. “Many listings in a majority of markets – and especially those in lower price ranges — had multiple offers and went under contract quickly because of severely inadequate supply,” Yun added.
This coupled with low mortgage rates have many potential home buyers wanting to purchase a new home now. In the Northeast region there was a 7.6% increase in existing homes sales and the median home price increased to $273,600. The Midwest, though not as high of an increase, was 10.4% in total existing-home sales with a median price of $191,300. The West came in next with a 1.4% increase in total existing-home sales with a median home price of $345,500. The South came in last with a 0.3% increase with a median home price of $214,900.
Whether you are in the market to sell a home or purchase a home, now is the right time. The housing market is holding strong and is a great investment for your money. Locally in St. Tammany Parish, Ron Lee Homes, a new home builder in Covington, Louisiana, is building new homes for sale as well as completely custom homes designed completely from your vision of how you would like your new home to be. We have been keeping a steady pace of new construction for the past 2 years, and we are constantly meeting with new custom home buyers as well as buyers who are looking for homes to buy immediately. If you are interested in building or buying a new home, Contact Us at 985-626-7619 or E-mail Info@RonLeeHomes.com.
St. Tammany Humane Society’s Unleashed! 2016 SOS Rescue Me Fundraiser
Where: Pontchartrain Yacht Club
140 Jackson Ave
Mandeville, LA 70448
When: September 24, 2016
7:30 pm -11:30 pm
Fees/Admission
Individual tickets are $125 in advance, $150 at the door.
Football legend and former New Orleans Saint, Rich Mauti will host the evening’s festivities including live music by local favorite Four Unplugged, premium cocktails, and incredible food by Pardo’s American Bistro, Maison Lafitte, The Lakehouse, Fork and Corks and Tchoupstix Sushi. Guests can also participate in silent and live auctions featuring an incredible selection of products and services generously donated by the areas’ finest merchants.
Click Here for More Information or Call 985-892-7387.
http://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.png00Jennifer Graveshttp://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.pngJennifer Graves2016-08-26 15:48:562016-08-26 15:54:09St. Tammany Humane Society’s Unleashed! 2016 SOS Rescue Me Fundraiser, September 24, 2016
Joint Business After Hours with East St. Tammany Chamber of Commerce
Where: Zea Rotisserie & Grill
110 Lake Drive
Covington, La 70433
When: September 22, 2016 4:30 – 6:30 pm
Fees/Admission
Free for members.
$20 for non-members.
Click Here for More Information or Call 985-273-3008
http://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.png00Jennifer Graveshttp://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.pngJennifer Graves2016-08-26 15:36:142016-08-26 15:36:14Joint Business After Hours with East St. Tammany Chamber of Commerce – September 22, 2016
Where: Chamber Office
610 Hollycrest Boulevard
Covington, LA 70433
When: September 8, 2016
8:00 – 9:00 am
Fees/Admission
Free for Members Only
Business-to-Business is open to 25 – 30 attendees.
Click Here for More Information or Call 985-273-3002.
http://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.png00Jennifer Graveshttp://www.ronleehomes.com/wp-content/uploads/Ron-Lee-Homes-New-Logo.pngJennifer Graves2016-08-26 15:31:342016-08-26 15:31:34Chamber of Commerce Business to Business, September 8, 2016