Richard Bulot - Realtor

✨Featured Listing:✨

OPEN HOUSE📣 Saturday 3/21 from 11:30 - 3:20

This week, we're introducing you to this stunning, like-new home in highly desirable "The Preserve at River Chase" in Covington! Built in 2023 and only lightly lived in, this property offers the perfect blend of modern design, comfort, and convenience.

🏡 4 Bedrooms | 3 Full Bathrooms
📐 2,595 Living Sq Ft
🚗 2-Car Garage
📍 Prime Corner Lot

Step inside to discover a spacious, thoughtfully designed layout with plenty of room for both everyday living and entertaining. The open living spaces feel fresh and inviting, while the newer construction means peace of mind with modern systems and finishes throughout.

Situated on a corner lot, this home offers extra space, added privacy, and great curb appeal in one of the area’s most sought-after communities.

For more info and photos, follow the link below or Contact Richie Bulot!

https://eratopagentrealty.com/listing/LA/Covington/1680-Continental-Drive-70433/215167093

Listing Agent:
Richie Bulot
504-909-7526
[email protected]
https://richiebulot.sites.erarealestate.com/

Multifamily: Strong Demand, Thin Supply Ahead
Against that economic backdrop, the multifamily sector stands out for its long-term fundamentals, said Sharon Wilson Geno, president of the National Multifamily Housing Council. Apartment vacancies remain relatively stable and below 5% nationally, but the most striking development is on the supply side. Multifamily starts have fallen roughly 72% from their peak, and units under construction are down more than 50%.

A small group of high-growth metros – such as Dallas, Atlanta, Phoenix, Austin and Houston – account for a disproportionate share of new supply. The sharp pullback in construction is expected to tighten conditions meaningfully as 2026 progresses.

Demand remains well supported by affordability constraints in the for-sale housing market. Only about 25% of Americans can qualify for a typical first-time home purchase, Geno said, and the gap between average rent and a median mortgage payment is the widest on record.

“Renters are staying renters longer,” Geno observed.

Owners are still feeling pressure from insurance, labor and operating costs. Rent growth has yet to fully reflect the coming supply shortage, but the consensus view is that conditions should improve toward late 2026 and into 2027.

A Measured Optimism: Economic and Commercial Real Estate Outlook for 2026 During a recent economic and real estate outlook call hosted by Marcus & Millichap, leading economists and industry experts unpacked what lies ahead for growth, jobs and the major commercial real estate sectors.