The Future Sees An Increase in Housing Inventory

 Studies reveal that the population in many communities is ramping up.  Gainesville, Georgia has seen its population jump from 100,000 to 250,000 with around 15,000 projected listings.  Other areas in the county that have seen an increase in population are Port St. Lucie, FL with 23,800, Durham-Chapel Hill, NC with 44,850, North Port-Sarasota-Bradenton, FL with 40,141, Nashville-Davidons-Murfreesboro-Franklin, TN with 82,050, Phoenix-Mesa-Chandler AZ with 136,394 and New York-Newark-Jersey City, NY-NJ-PA comes in at 280,999. The market in June 2023 is predicted to see 7.3 million homes come on the market in the 364 Metropolitan Statistical Area (MSA).

Families with children in grades K-12 should make up 22.5% of the market presence of all homes sold in the country. The report broke down each MSA by size and concluded that of those markets with a population of less than 100,000 Rome, GA had the most predicted listings to hit market by June 2023 at 4,323 properties.

Below follows a list of those markets with most homes predicted to come on the market through June 2023 in eight different population sizes:

Markets Under 100,000 Population	Predicted Listings Through June 2023
Rome, Ga.	4,323
Corvallis, Oregon	4,027
Midland, Mich.	3,998
Columbus, Ind.	3,879
Kokomo, Ind.	3,395
Cape Girardeau, Mo.-Ill.	2,869
Victoria, Texas	2,792
Casper, Wyo.	2,669
Elmira, N.Y.	2,651
Grants Pass, Ore.	2,541

Markets 100,000-250,000 Population	Predicted Listings Through June 2023
Gainesville, Ga.	14,911
Appleton, Wis.	14,050
Iowa City, Iowa	11,285
Punta Gorda, Fla.	11,272
Barnstable Town, Mass.	10,372
Daphne-Fairhope-Foley, Ala.	10,248
Charlottesville, Va.	9,704
Oshkosh-Neenah, Wis.	8,826
Rochester, Minn.	8,808
Bend, Ore.	8,499

Markets 250,000-500,000 Population	Predicted Listings Through June 2023
Port St. Lucie, Fla.	23,800
Greeley, Colo.	22,522
Fort Collins, Colo.	20,395
Naples-Marco Island, Fla.	20,041
Myrtle Beach-Conway-North Myrtle Beach, S.C.-N.C.	19,061
Reno, Nev.	17,956
York-Hanover, Pa.	17,448
Fort Wayne, Ind.	17,037
Boulder, Colo.	16,591
Springfield, Mo.	15,594

Markets 500,000-750,000 Population	Predicted Listings Through June 2023
Durham-Chapel Hill, N.C.	44,850
Des Moines-West Des Moines, Iowa	34,677
Akron, Ohio	24,866
Provo-Orem, Utah	24,726
Fayetteville, N.C.	24,490
Lakeland-Winter Haven, Fla.	23,979
Port St. Lucie, Fla.	23,800
Deltona-Daytona Beach-Ormond Beach, Fla.	23,495
Winston-Salem, N.C.	23,404
Madison, Wis.	22,760

Markets 750,000-1 Million Population	Predicted Listings Through June 2023
North Port-Sarasota-Bradenton, Fa.	40,141
Cape Coral-Fort Myers, Fla.	35,609
Omaha-Council Bluffs, Neb.-Iowa	34,113
Colorado Springs, Colo.	32,345
Greenville-Anderson, S.C.	30,573
Columbia, S.C.	29,307
Charleston-North Charleston, S.C.	28,193
Worcester, Mass.-Conn.	27,969
Knoxville, Tenn.	27,020
Allentown-Bethlehem-Easton, Pa.-NJ.	26,980

Markets 1-2 Million Population	Predicted Listings Through June 2023
Nashville-Davidson–Murfreesboro–Franklin, Tenn.	82,050
Raleigh-Cary, N.C.	66,952
Jacksonville, Fla.	64,055
Richmond, Va.	46,963
Oklahoma City, Okla.	42,448
Salt Lake City, Utah	38,769
Providence-Warwick, R.I.-Mass.	38,738
Louisville/Jefferson County, Ky.-Ind.	37,593
Hartford-East Hartford-Middletown, Conn.	36,282
Milwaukee-Waukesha, Wis.	33,408

Markets 2-4 Million Population	Predicted Listings Through June 2023
Phoenix-Mesa-Chandler, Ariz.	136,394
San Francisco-Oakland-Berkeley, Calif.	117,457
Boston-Cambridge-Newton, Mass.-N.H.	114,061
Riverside-San Bernardino-Ontario, Calif.	107,895
Denver-Aurora-Lakewood, Colo.	100,250
Detroit-Warren-Dearborn, Mich.	96,938
Tampa-St. Petersburg-Clearwater, Fla.	93,578
Charlotte-Concord-Gastonia, N.C.-S.C.	93,354
Orlando-Kissimmee-Sanford, Fla.	89,535
San Diego-Chula Vista-Carlsbad, Calif.	82,928

Markets Under Above 4 Million Population	Predicted Listings Through June 2023
New York-Newark-Jersey City, N.Y.-N.J.-Pa.	280,999
Dallas-Fort Worth-Arlington, Texas	235,338
Chicago-Naperville-Elgin, Ill.-Ind.-Wisc.	225,742
Los Angeles-Long Beach-Anaheim, Calif.	214,522
Washington-Arlington-Alexandria, DC-Va.-Md.-W.Va.	213,012
Atlanta-Sandy Springs-Alpharetta, Ga.	208,133
Houston-The Woodlands-Sugar Land, Texas	202,488
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.	150,759
Miami-Fort Lauderdale-Pompano Beach, Fla.	96,356

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Why House Hunters Will Be Ready To Buy In The Next Six Months

 According to a survey done by Realtor.com, 46% of potential house buyers said they were planning on purchasing a home within the next six months. This study looked at those who accessed listings and search results of homes on the site. The survey justifies that although we look like we are in a recession and the 30-year fixed mortgage rate is close to 6%, this is not detouring buyers in the market. This share of buyers reported is actually higher than reported in 2019 even with mortgage rates reaching the highest level since 2008 and home prices increasing.

Many potential home buyers are looking at the market as an advantage. Rising inventory levels are bringing more options for buyers to find a home within their budget. It is reported that two in five buyers feel that the U.S. economy is already in a recession but it will have no effect on their decision to purchase a home in the near future. Close to 27% of home buyers are more likely to purchase while the economy is in a recession. This figure is up 24% from what was reported in 2021 although there are many potential home buyers that are scared of the current market. In fact, the share of buyers who say they are more than likely not going to purchase a home during a recession rose from 5% to 6.5% this year.

The housing market is definitely tipping the scale from a sellers’ market over to a buyers’ market. Those in the industry said there are fewer buyers who are being outbid going from 12.6% to 9.4% from this spring to summer. The share of buyers who report being overbid on a home has decreased as the market has begun to correct itself

Even though there are home buyers who are willing to purchase in an uncertain economic time, it is still a sellers’ market. Twelve percent of first-time homebuyers are still being outbid in today’s market. Two in five first-time home buyers are also having a hard time finding a home within their budget. Currently, the median price of homes in the U.S. was $435,0000 according to Reatlor.com. This summer was at an all-time high of $450,000! Twenty percent of first-time homebuyers also said they are having a hard time buying because of their credit score.

If you are a first-time homebuyer or in the market to purchase a home, you will want to work with a local real estate agent who can help you navigate these uncertain waters. A local agent can help you find a home in your price range in your desired area.

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Gentilly Festival Will Be Held At Pontchartrain Park

 The Gentilly Festival is a three-day event full of music, art and food with  three stages located in Pontchartrain Park.   The festival is a free event that will run on Friday from 6pm – 9pm and on Saturday and Sunday from noon – 8pm.  The festival will be located at the playground at Press and Prentiss Drives.

This fall-filled New Orleans festival will also raise funds to support first responders and nonprofits that serve the Gentilly community.  “It’s going to be really exciting. We’re keeping our flavor, our flair of the community. We’re trying to unify and reunite the neighbors post-pandemic,” says chair and organizer of the festival Gretchen Bradford.

This year there will be over 25 food vendors and an eclectic range of entertainment.  There will be restaurants, caterers and food vendors from the area serving up their dishes at this year’s festival.  Many local caterers that are starting a business will introduce themselves through the festival. There will also  be veteran Gentilly food fest vendors that will also provide delicious assortments.  “We’ve got a little Latin, a little hip hop, brass, funk……….We got a little bit of that New Orleans bounce. We can touch many different audiences,” says Bradford.

The festival is a great event for the whole family.  This year there will be a Kids’ Village which will include pony rides, an entertainment stage, pottery making, face painting and more crafts.  For the adults, there will be tons of local organizations which will provide services and tell about what they have to offer for Gentilly residents, and for an additional charge a VIP Champagne Experience.

The Gentilly Festival is not just for locals, as the festival also attracts tourists and those who used to live in Gentilly and are back to visit for the event.  The festival will kick off with “Jazz Under the Stars” with live music and DJ’s.  Performers include Brian Quezergue Quartet, Indys Blu, Quiana Lynell and DJ Juane Jordan.

This is a fun time for Gentilly and all of New Orleans.  “We promote happiness,” says Bradford.

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The Battle of the Bike Lane

 The bike lanes along Newton Street between Elmira and Behrman in Algiers are the battleground for many cyclists and residents. Several months ago District C Council member Freddie King wanted the city to reevaluate their position on the protected bike lanes in Algier due to neighborhood disagreements regarding the lanes.

Since the situation was brought to the city’s attention, minimum changes have occurred. The city has removed dozens of the flex posts and the ones that remain have been shifted closer to the bike lane. They said this should help with parking on the street and alleviate residents’ concerns that the flex posts could obstruct emergency vehicles from getting by.

Residents are still up in arms about the protected lanes while cycling advocates are afraid of what might happen if the lanes are removed. King suggested the city remove over 2 miles of protected bike lanes located on MacArthur Boulevard and Newton Street. If this passes and goes through, this will be a downfall for the citywide bike plan created by Mayor LaToya Contrell.

West bank residents voted for King over Kristin Gisleson Palmer when he said he would advocate the removal of the paths. Residents wanted to be heard and felt that the city did not survey enough residents regarding the installation of the bike lanes in Algiers. The city has defended its actions but does admit that it did not do enough outreach to the residents of Algiers.

“We did have a number of meetings in Algiers. Obviously we needed to have more,” said Sarah Porteuos, a city infrastructure spokesperson.

As of now, the cyclists’ lanes on MacArthur and Newton include plastic posts guarding the separate lanes and parking spaces closer to the main travel lane than the curb. Automobiles will be the second line of defense for cyclists. Those who are for the lanes say that the protected lanes not only increase the safety of cyclists but motorists as well.

Research has shown that cyclists’ lanes reduce accidents for drivers, pedestrians, and cyclists. Around the city, around 30 of the 75 planned miles already have cyclists’ lanes installed. According to city officials, there were 327 crashes involving cyclists between 2014 and 2018 on MacArthur Blvd before the cyclist’s lanes were installed.

“Please do not remove protected bike lanes, said Corinna Chaney, a resident who wrote to the City Council. ” This critical infrastructure is saving lives, drivers included. We should be slowing down traffic not tearing up what little safety we have here.”

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A Rise In The Number of Women In Construction

 In 2020 the Bureau of Labor Statistics reported 10.9% of the construction workforce were women. The number has since risen to 11% reported last year by the Bureau but only 4% of these workers are involved in skilled trades. Most of the women in the industry are in office and administrative positions.

The National Association of Home Builders’ Professional Women in Building (PWB) Week is coming up. This is an annual event that celebrates women in the residential construction industry. This is a time when the work done in the industry is highlighted as well as the good-paying careers that are available. There is a shortage overall of skilled trade workers in the industry and Tradeswoman Tuesday is the perfect time to reflect on this.

September 13, 2022, there will be an online webinar that can be joined for free. Leading tradeswomen will discuss how women can successfully be a part of the construction industry. They will discuss women in the industry and ideas on how to attract more women to the industry. Kristi Allen, UTAH PWB member and owner of Woodcastle Homes will be the moderator. Joining Allen will be Merideth Balmforth, a master electrician and Katy Higgins an experienced HVAC professional.

There will also be a PWB Week Toolkit which will have other activities to do throughout the day. One of these activities is reading The House that She Built book to children. This book was written and based on real-life tradeswomen that are featured in the webinar. The home she built is in Utah and is the home the book is based on.

“Now is the perfect time for women to explore the construction industry. There is a need for the unique talents and dedication that women bring to any field – including strategies for working smarter, not harder, and for giving their all to whatever they set their minds to. The demand for women in residential construction and service has also never been greater, and the opportunities are there to enter a career that promises great quality of life, earning a good living, having value in the work you do and pride in being a builder and contributor, ” said Balmforth.

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A New French-Style Deli in Faubourg St. John

 Fair Grinds Coffee House has been purchased by the owners of Cafe Degas. Cafe Degas, a restaurant that has served French cuisine in Faubourg St. John for almost 40 years, will convert the space into a new French-style deli. Co-Owner Jacques Soulas said the space at 3133 Ponce de Leon Street will expand the kitchen capacity for Cafe Degas.

Cafe Degas opened its doors in 1986 by co-owners Jacques Soulas and Jerry Edgar. The building was formally a babershop on Esplanade Avenue and even though the restuarant has expanded, the kitchen space has not.

The new concept is still in plans along with the name. There will be a casual cafe along with a counter service deli. The menu will focus on French style sandwiches and pastries serve with coffee drinks. Like neighbor Mayhew Bakery, the new sandwiches will be served with pate, French salami, and ham and Brie.

“We’re delighted that Café Degas is taking it on and excited to see what they’ll do there,” said Wade Rathke, who ran Fair Grinds from 2011 until the coffee shop closed this spring.

Fair Grinds Coffeehouse open its doors in 2000, replacing former True Brew Coffee, by owners Robert Thompson and Elizabeth Herod. The coffee shop closed its doors after Jazz Fest.

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The 2022 Gretna Heritage Festival Will Features John Fogerty, Beach Boys, and Revivalists

 his fall the 2022 Gretna Heritage Festival will be along the Mississippi River in downtown Gretna celebrating its 26th edition. It is a three day event from October 7th – 9th and will feature big artists like John Fogerty, the Beach Boys, the Revivalists, country singer Brett Young and Irma Thomas

The single-day pass will be just $20 which can be used on any of the three days. An all three day pass will cost $45 and will be free for children 12 and under. This will be the first year that the festival has happened since before COVID-19.

Along with live music, there will be the popular Italian Village which includes over 100 craft and clothing booths and dozens of food booths, Kid’s Corner which includes games and inflatables, Margarite Village and the craft beer section. The multi-block festival will be fun for the whole family.

The festival first took off in 1994 and has been a success ever since. Big artists have been featured at the festival in the past such as KISS, Kid Rock, the B-52s, Pat Benatar & Neil Giraldo, Earth Wind & Fire, ZZ Top, Huey Lewis and the News, Rick Springfield, KC and & he Sunshine Band, Hank Williams Jr., Lynyrd Skynyrd, Joan Jett and the Blackhearts, Melissa Etheridge, the Gregg Allman Band, Aaron Lewis and Poison’s Bret Michaels.

Revivalists, which was created 20 years ago in New Orleans, will be the opening night headliner. This year will have a vast array of genres including Thomas, Tank and the Bangas, Dumpstaphunk, Deacon John & the Ivories, Kermit Ruffins, Water Seed, Cowboy Mouth, Rockin’ Dopsie, Dwayne Dopsie, Amanda Shaw and Wendell Brunious. The Saturday night headliner will be Fogerty who was part of Creedence Clearwater.

The Gretna Heritage festival not only entertains locals but also benefits local businesses and organizations in Gretna. Proceeds from the festival have supported non-profit organizations like the American Cancer Society, Amigos Mexicans, American Heart Association, American Legion and much more. Sponsors of the festival include Bud Light, IMTT, West Jefferson Medical Center, Gulf Coast Bank & Trust Company, Where Y’At and many more.

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