Monday, November 16, 2015 / by Anthony Dazet
Wednesday, October 14, 2015 / by Anthony Dazet
Recent home shoppers know it's a sellers' market, not only in New Orleans but also throughout the United States. The lack of existing inventory and new construction means buyers don't have much bargaining power, especially in popular neighborhoods.
These competitive conditions are forcing an increasing number of prospective buyers to stay out of the market, opting instead to rent or remain in their current home rather than upgrading. First-time buyers accounted for 23 percent of U.S. home purchases in 2014, down from 26 percent in 2010.
These were among the trends Paul Bishop noted in his presentation Monday (Oct. 12) at the fifth annual Economic and Real Estate Forecast Symposium. The vice president of research for the National Association of Realtors took part in the two-day event at Loyola Unive ...