Oktoberfest 2022, October 8, 2022

A great time for all at Oktoberfest in Slidell.

1st Street & Erlanger – Street Festival
Slidell, LA 70458

October 8, 2022
4pm – 10pm


Price Kids 11 and under Free; 12-20 $5; Age 21+ $10; VIP $50

Click Here for More Information.

Bluesberry Music & Art Festival 2022, October 8, 2022

Presented by Ozone Music Education Foundation in Covington.

Bluesberry Festival

Bogue Falaya Park
213 Park Dr.
Covington, LA 70433

 October 8, 2022

10am – 8pm

Music Line Up:

Jake Gunter
JJ Muggler Band
Jonathon Boogie Long
Band of Heathens
Samantha Fish
Darrel Galatas, Paul Dillon, Paul Wilson
Hannah Belle, Melissa Seidule
Cole Hill, Travis Garrison
Joe Sims, Claire Kellar
JayB Elston, Jay Megginson

$20 – 80  for age 11 and up, free for age 10 and under
Bogue Falaya Wayside Park

Click Here for More Information!

 

Southern Comforts, October 1 – 16, 2022

This story is about an older couple that falls in love and is playing live in Covington.


Southern Comforts

Playmakers Inc.
19106 Playmakers Rd
Covington, LA 70435

October 1 – 16, 2022
Every Saturday 7pm and Sunday 2pm

Tickets: $20 all seats

Click Here for More Information.

 

First United Methodist Church Pumpkin Patch, October 1 – 31, 2022

Come get a pumpkin at the pumpkin patch in Slidell.

Pumpkin Patch

First United Methodist Church
433 Erlanger Ave
Slidell, LA 70458

October 1 – 31, 2022
7pm – 8:15pm

Price: Free

Click Here for More Information.

Reasons For The Continuing Price Appreciation

The current shift in the market will cause a slow down in price growth but professionals in the industry report that price appreciation will keep going. Good news for sellers as the home prices will not drop.  There are two reasons why this is the case: supply and demand. 
Housing inventory is increasing in 2022 but it is a slow increase and housing demand is still low.  The reason we do not have enough homes on the market today stems from the 2008 crash.  After the crash, many builders and businesses in the industry closed shop.  Now that the housing market is hot with buyer’s demand, there are not enough houses being built.  After the crash in the housing market there has been a long period of underbuilding.   Since this has been going on for fourteen years, it will take awhile to build back from the underbuilding of new homes.
Even though we are seeing higher home prices and an increase in mortgage rates, this does not mean that buyer demand is cooling off.  In fact experts predict that Millennials will keep the buying momentum going.  The reason we are seeing the Millennials flooding the market is due to their agining into their peak homebuying years.  The Millennial demand coupled with low housing supply is causing the pressure to rise on home prices.
” Millennials continue to transition to their prime home-buying age and will remain the driving force in potential homeownership demand in the years ahead”, says Odeta Kushi, Deputy Chief Economist at First American.
” After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials “, says Bankrate.
Home prices are not going to fall due to these changes. Since there is still an unbalance between demand and supply.  Like with all products in any market, supply and demand  will predict the market.  A local sales agent can help you navigate the home buying process even when the market is shifting.

The Covington Concert Band presents Autumn Dreams, Music That Sparks Imagination, October 1, 2022

This concert is a free fall concert in Mandeville.

Autumn Dreams

The Castine Center at Pelican Park
63350 Pelican Dr
Mandeville, LA 70448

October 1, 2022
7pm – 8:15pm

Price: Free

Click Here for More Information.