What’s New in New Orleans’ Real Estate and How KW Agents Are Preparing for a Shifting Market
Why You Should Pay Attention: As we move through the end of 2024, the conversation about New Orleans’ real estate has never been more critical. With shifts in interest rates, significant political changes, and evolving market dynamics, KW New Orleans leaders Cody Caudill and Jeffrey Doussan are here to share how they’re navigating these changes and why they believe 2025 will be the year of opportunity.
“2024 is over. Everything you’re doing today is for 2025,” says Caudill, emphasizing the forward-looking mindset that KW New Orleans champions.
State of the Market
For KW New Orleans, the goal is clear: leverage today’s challenging market conditions to build a strong foundation for future success. Despite fluctuations in mortgage rates, an active stock market, and regulatory shifts, Doussan and Caudill believe these market disruptions offer a chance to educate and equip agents with the knowledge to thrive.
“Right now, you’ve got to be out there putting bets on the table,” Doussan noted, sharing that proactive engagement with clients is key. “If you go into a cocoon or bury your head in the sand, that’s not going to get you anything. This is the time to help clients find and create value.”
What’s Affecting New Orleans Buyers and Sellers?
- Interest Rates and Treasury Yields: The rates on mortgage loans remain volatile, closely tied to the performance of the 10-year Treasury bond. Caudill discussed the influence of the Fed’s policies, highlighting that changes in interest rates affect home affordability for a broad segment of buyers.
- Political and Economic Changes: Recent elections bring both regulatory uncertainty and potential market opportunities. Doussan speculates that reduced regulatory oversight in real estate could benefit local investors, while potential changes in the Department of Justice’s stance toward the National Association of Realtors could reshape the industry’s legal landscape.
“I think you’ll see the DOJ’s case against NAR disappear,” he shared, underscoring the belief that the federal landscape is poised for real change.
- Affordability Concerns and Demand for Cheaper Homes: Caudill pointed out that affordability remains a pressing issue for many buyers, particularly in the sub-$300,000 range. Homes in this range are seeing limited movement, prompting conversations about price adjustments or creative financing to increase accessibility for first-time and budget-conscious buyers.
Opportunities for KW New Orleans Agents
While challenges exist, KW New Orleans is focused on identifying market opportunities that other brokerages might overlook. By actively educating agents on trends, pricing strategy, and effective client communication, KW New Orleans is setting itself apart as the place for agents who want to take charge of their careers and make informed decisions in a fluctuating market.
“You have to be talking to clients,” Caudill said. “If you’re not engaging, you’re not winning. And we want our agents winning.”
Looking Ahead
As KW New Orleans looks to 2025, the message is clear: now is the time to strategize, innovate, and lead. Through fostering an environment where agents feel prepared and confident, KW New Orleans is more than a brokerage—it’s a launchpad for leaders in the real estate field.
If you’re a real estate agent ready to take on the challenges of the modern market, KW New Orleans invites you to connect and see how their approach could be the game-changer for your career.
Stay tuned for more expert insights from KW New Orleans, where industry leaders share their knowledge to help you succeed in the dynamic world of real estate.
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