St Tammany Real Estate Affiliates & Market Strategists

Existing home sales were published this morning by the National Association of Realtors. We have included a link to the CNBC entry on this news for your convenience. Let us know what you think about your housing market.

http://www.cnbc.com/id/33447930/

How is your home priced? What is it based on? Is it priced based upon $/sf of Living Area? Probably.

However, home owners across the country have been discovering that it is not always $/sfla (price per sq. ft of living area) that the homes in their market are selling on. Today, many homes are being priced based upon this factor and not selling; however, others in the neighborhood are - leaving these sellers (and agents) bewildered.

With our Covert Value Indicator© spreadsheet analysis, we are able to identify what the predominant units of comparison are within those properties that sold in any market. This gives our clients (Sellers and Buyers) an incredible advantage in what ever market they choose to participate in.

We can identify those units of comparison that buyers themselves sometimes do not realize - are driving their decision making process.

For a free report on your neighborhood, send us an email at CVI@greaterneworleansproperties.com  (make sure to include your Neighborhood in the email) or visit us at www.GreaterNewOrleansProperties.com/CVI

Here is the latest housing data for the US via CNBC. Rembmer this is on a national level and somewhat skewed away from regional and certainly local markets. Watch the video and learn.

There will be (or at least should be) an incredible amount of discussion about how to fix the Federal Regulatory system for the secondary mortgage market. Listen to what is on the table as alternatives to what we know as FNMA and Freddie, watch this video.

The Mortgage Bankers Association has come up with this new Privately owned - Government run entity to absorb any credit defaults in the mortgage back securities game. Check out the story by watching this video.

Pretty simple way of looking at what the nation has to deal with in the up coming months. Foreclosures in Louisiana have not seen these types of numbers, but there still mortgages running into trouble around here.

To see what the market is looking like in your neighborhood or a neighborhood you may be interested in go to www.GreaterNewOrleansProperties.com

Here is an interesting video of what some believe will happen in the coming months throughout the country.

Sign up for your very own Market Snapshot at www.GreaterNewOrleansProperties.com