market update: FOLLOW UP - Myth: Mortgage Interest Rates Will Plummet in 2008 - 02/19/08 06:35 AM
FOLLOW UP - Myth: Mortgage Interest Rates Will Plummet in 2008 I wrote a blog post on my New Orleans real estate blog a few weeks ago stating that mortgage interest rates are likely to rise amidst all of these rate cuts by the Fed. Let’s take a look at where we are now and see if I was right or wrong!
Click here if you haven’t read the initial blog post: Myth: Mortgage Interest Rates will Plummet in 2008
So guess what…I was RIGHT…whoohooo! Well, not that exciting since being right means that interest rates have gone UP in … (2 comments)

market update: Top 10 Most Expensive Homes in New Orleans - 02/19/08 02:54 AM
New Orleans Real Estate - Top 10 Most Expensive HomesCurious about the most expensive real estate sold in New Orleans in 2007? Me too!  So I did a bit of research and to the best of my knowledge, I created the top 10 list of the most  expensive residential real estate sold in New Orleans last year. I think that it is pretty interesting that the 7 out of 10 of the most expensive properties sold in 2007 were over $2,000,000.  And everyone is saying the high-end buyers aren't out there...ha!
10.  $1,800,000 - 1523 Soniat - Turn of the century stucco … (0 comments)

market update: New Orleans Real Estate - Economic Stimulus Package - 02/14/08 04:21 AM
How Bush’s new economic stimulus package effects New Orleans Real Estate Yesterday, President Bush signed a $168 billion economic stimulus package into law. That is a ton of money but will it have any real effects on our economy? Let’s first start with the details:

Tax rebates of $600 to individuals who make $75,000 or less, and $1,200 to couples who make $150,000 or less. After those income limits, recipients get 5 percent of however much their income exceeds the limit. Tax rebates of $300 for individuals and $600 for couples who make at least $3,000 from income and Social … (1 comments)

market update: New Orleans Real Estate - Market Report Jan. 08 - 02/13/08 05:41 AM
New Orleans Real Estate Market Report - January 2008
This report focuses on Single Family Homes.
January 2008 - 2024 properties for sale in New Orleans.
January 2007 - 2411 properties for sale in New Orleans.
173 properties sold in New Orleans in January 2008.
256 properties sold in New Orleans in January 2007 .
The average price for sold properties was $175,000 in January 2008.
The average price for sold properties was $176,000 in January 2007.
The average days on market for sold properties was 89 in January 2008
The average days on market for sold properties was 96 … (1 comments)

market update: New Orleans Real Estate - Condo Market Report Jan. 08 - 02/13/08 05:39 AM
New Orleans Real Estate Condo Market Report January 2008
This report focuses on Condos in New Orleans.
January 2008 - 877 condos for sale in New Orleans.
January 2007 - 883 condos for sale in New Orleans.
34 condos sold in New Orleans in January 2008.
54 condos sold in New Orleans in January 2007 .
The average price for sold condos was $250,000 in January 2008.
The average price for sold condos was $245,000 in January 2007.
The average days on market for sold condos was 117 in January 2008
The average days on market for sold condos was … (0 comments)

market update: Myth: Mortgage Interest Rates Will Plummet in 2008 - 02/01/08 03:38 AM
Will the Fed’s recent rate cuts cause mortgage interest rates to plummet this year? Most likely not because the Funds Rate (the suggested overnight rate charge for banks) is NOT directly tied to fixed home loan rates! Fixed home loan rates are directly tied to bond rates and when the stock market goes up, the bond market goes down, which means mortgage rates go up. Obviously if we experience a recession than all bets are off.
So if you are looking to buy real estate, it may be the right time to lock in those low rates…because they just might go up!
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market update: New Orleans, LA Real Estate & Property - Market Report December 2007 (Condos) - 01/28/08 03:12 AM
New Orleans, LA Real Estate & Property - Market Report December 2007
This report focuses on Condos.
December 2007 - 890 condos for sale.
December 2006 - 896 condos for sale.
54 condos were sold in December 2007.
51 condos were sold in December 2006.
The average price for sold condos was $243,000 in December 2007.
The average price for sold condos was $216,000 in December 2006.
The average days on market for sold condos was 130 in December 2007.
The average days on market for sold condos was 75 in December 2006.
Single Family Home Property Report December 2008 
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market update: New Orleans, LA Real Estate & Property - Market Report December 2007 (Single Family) - 01/25/08 07:48 AM
New Orleans, LA Real Estate & Property - Market Report December 2007
 
This report focuses on Single Family Homes.
December 2007 - 2072 properties for sale.
December 2006 - 2326 properties for sale.
183 homes were sold in December 2007.
251 homes were sold in December 2006. 
The average price for sold properties was $224,000 in December 2007.
The average price for sold properties was $182,000 in December 2006.
The average days on market for sold properties was 96 in December 2007.
The average days on market for sold properties was 82 in December 2006.
Condo Report December 2008
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This New … (0 comments)

market update: Are We Heading into a Recession? - 01/15/08 03:20 AM
Everybody is talking about it…are we going towards a recession in 2008? A recession would certainly not be good and it would hit investor portfolios very hard…those same portfolios that were hit hard in 2007! I just read an article in BusinessWeek that speaks directly about the recession risk that we are facing in the United States. The article is very interesting and breaks down the issues into four main sections; The Credit Crunch, The Housing Slump, The Federal Reserve, and The Global Economy.
BusinessWeek surveyed 54 forecasters for their annual outlook their views on the subject and then analyzed the … (0 comments)

market update: How Bank of America Just Saved the US Economy - 01/11/08 06:10 AM
Bank of America just bought Countrywide, the number 1 mortage lender, for $4 billion and may have saved the US economy.  Ok, that is a bit of an exaggeration!  But there is some level of merit to that statement.
Countrywide services about 1 in 6 home loans in the US and a bankruptcy would have created a major risk in the US economy.  Bank of America has avoided that risk by purchasing the falling company.  A bankruptcy of Countrywide would have probably shifted huge financial risk to Freddie Mac and Fannie Mae.  The reason it would have affected those government agencies … (16 comments)

market update: There's No Such Thing As A Bad Market! - 01/08/08 04:01 AM
Regardless of what’s going on in the market, people will always be buying and selling real estate. According to Richard Gaylord, NAR president, 2007 existing home sales was higher than 2002 (which was a record-breaking year). Not bad in my opinion! We just have to remember to put things into context…We got used to the boom that we have recently experienced. Real estate is a long term investment, so we should not have gotten used to the short term high gains we had during the boom.
Looking at real estate as a long term investment (which it is) this is the … (0 comments)

market update: Housing Market Update - March '07 - 04/26/07 02:37 AM
Everyone is constantly asking me…”What are interest rates doing?” or “How’s the housing market?” So I decided to go straight to an expert and ask him to be a guest blogger and help us all learn about interest rates.
Brian Davidson, President of Benchmark Mortgage in Shreveport, LA is today’s guest blogger.
“By far the biggest economic news last week was the better-than-expected rate on core inflation. The Labor Department reported that the Consumer Price Index increased 0.6% in March, but the core rate, which excludes food and energy, increased only 0.061%. That’s the smallest increase since November and well … (0 comments)

market update: Before the storm... - 02/04/07 03:09 AM
Before the storm, after the storm, pre-Katrina, post-Katrina, pre-K, post-K, 17 months ago…Every single day I say one or all of those phrases! I noticed this quite a long time ago but reflected on it last night while I was at dinner. Not one day goes by without some sort of time frame reference to Hurricane Katrina.
In terms of our business, August 29 has become the most important date in recent (and not so recent!) memory. Everything goes back to that date. Home pricing, sold and active statistics, insurance rates, property condition, every aspect of the real estate business relates … (2 comments)

market update: New Orleans Statistics...Accurate? - 01/22/07 09:14 AM
2006 was an interesting year in New Orleans…to say the least! Not only was an entire city picking itself up by the bootstraps after Katrina, but entire industries were trying to regain footing.  Real estate was certainly no exception.  We experienced significant statistical fluctuations unseen for many decades.  But are those statistical fluctuations relevant?  For example… 
In October 2005, there were 1226 single family homes for sale…in October 2006, there were over DOUBLE that amount for sale, 2494.In that same time span average price per square foot went from $174 in October 2005 to $107 in October 2006.  FYI, average price … (2 comments)

 
Darryl Glade, New Orleans Real Estate (RE/MAX N.O. Properties)

Darryl Glade

New Orleans Real Estate

New Orleans, LA

More about me…

RE/MAX N.O. Properties

Address: 8001 Maple Street, New Orleans, LA, 70118

Office: 504(866) 773-3221

Mobile: (504) 451-8960

Email Me

Born and raised in New Orleans, I know this city and its real estate. Please contact me soon if you are interested in buying or selling property in New Orleans. I look forward to hearing from you!


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