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ERA Real Estate is working with ERA Top Agent Realty, a veteran-owned affiliate in the New Orleans metropolitan area, to strengthen its presence in the Delta region. Founded in 2008, ERA Top Agent Realty serves buyers and sellers throughout Southeast Louisiana and the Mississippi Gulf Coast.
Stephen Morello
“We are extremely proud of the growth we have experienced and the reputation we have built along the way, but we know it is time to take our business to the next level.” said broker owner Stephen Morello. Prepared statement. “As a company with operations spanning two states, we need not only a well-designed infrastructure but also incredible brand recognition to stand out in every market we serve. Is required.”
Prior to entering the real estate industry, Mr. Morello served in the Louisiana Air National Guard for 31 years. After he retired from the military, Morello became a notary public, real estate investor, and licensed real estate agent. He joined Realty as his top agent in 2009 and acquired the company in 2013.
Morello said his military experience provides a “family-like atmosphere” to his agents and staff, who have deep ties to the communities they serve, from the bayou to the world-famous bustling streets of New Orleans. '', he said.
“As an independent brokerage firm, marketing and recruiting through word of mouth can only lead to great success. However, ERA Real Estate offers both networking and onboarding services to improve your existing processes. ,” he said of the move to ERA Real Estate. “Not only do we benefit from offering a nationally recognized brand, but we are able to do so while maintaining our local reputation and operating in a way we know is best for our local customers. can.”
alex vidal
ERA President Alex Vidal praised Morello's leadership skills and entrepreneurial spirit and said ERA Top Agent Realty is the perfect addition to the ERA network.
“Like many of our other broker-owners, Stephen knew he was an entrepreneur even before he knew he was ready to become a real estate professional,” he says. said. “He effortlessly builds relationships, connects with clients and draws people to his personal brand, all of which make him a perfect fit for ERA Real Estate.”
“His natural people skills have made him one of the top independent agents in the market and he is poised for future success. ERA Real Estate is excited to be a part of that.” he added. “We look forward to serving Stephen and his company to help them continue to grow in some of the most popular markets in Louisiana and Mississippi, while also helping him grow into today's We also want to embrace the natural human-driven selling abilities that led us to the position.”
ERA's expansion into south Louisiana comes on the heels of a joint report by Florida Atlantic University and Florida International University released Thursday.
Researchers from both universities used Zillow data to examine average home prices in 100 metropolitan statistical areas and compare them to long-term price trends. The researchers also looked at price-to-rent ratios to determine in which markets it was better to buy than rent.
New Orleans topped the list, with home sales prices 5.09% below the city's long-term price trend. The average home price in the city is $235,103. However, based on statistical estimates, it should be closer to $247,721. New Orleans' rent-to-price ratio is also 12.53% lower than average, meaning residents have more to buy than they rent.
“It's incredibly difficult to determine the bottom of the housing market, but the price-to-rent ratio in New Orleans is currently very favorable to owning than renting, and people are willing to pay a discount compared to the area's long-term prices.” “This trend suggests this is clearly the best buy in the nation's largest metropolitan area,” said Ken H. Johnson, real estate economist at FAU College of Business. He described the team's findings.
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