Wrapping up a record-setting year in real estate

To say the last two years have been an ongoing challenge would be an understatement in any industry. While there are some sectors that remain challenging and there’s an expectation that interest rates will begin to rise later in 2022, there are still some great things that have happened.

The average home sale price in the New Orleans area has increased by 31% since January 2019. Across the U.S., homeowners with mortgages have seen their equity increase by 30% over the last 12 months.

Where does this leave us? We take a look at that question with our brokers here.

– Marty Brantley, Engel & Völkers