by CSB Staff •
May 9, 2014 •
News •
Comments (1) •
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- photo via latterblumpm.com
Latter & Blum reported three year growth of 66.1%, increasing revenues from $58.7 million in 2011 to $97.5 million in 2013.
The figures were collected as part of an annual survey conducted by CityBusiness on the region’s fastest growing companies.
The rise in revenues comes as the real estate market has picked up significantly in recent years, particularly in the Uptown and Garden District neighborhoods.
March data from the New Orleans Metropolitan Association of Realtors indicates that the east bank of Orleans Parish is tops in the region for average price at $283,000. The closest competitors are western St. Tammany ($271,000) and East Jefferson ($234,000).
The company noted that another factor in its growth has been an increase in their mortgage and title insurance division, Essential Mortgage Co., which increased more than 40 percent over the last few years.
Latter & Blum has also acquired several companies over the last few years, adding more money to their top line. In 2013, it acquired Denham Springs-based M.A. Allen Realty Group and Van Eaton & Romero Realtors of Lafayette.
[…] Latter & Blum is coming off the heels of their best year ever, where they earned a record $97 million in revenue. […]