Louisiana is known by many names: The Pelican State (official), The Bayou State, Child of the Mississippi, The Creole State, Sportsman’s Paradise, The Sugar State, and The Boot. It became the 18th state in 1812. The state’s area is 51,843 square miles, making it the 31st in the nation by size. The eastern border is… Continue reading 2016 Louisiana Real Estate Market Predictions
Category: Louisiana
Louisiana housing market
2015 Louisiana Real Estate and Housing Market Predictions
The Louisiana real estate market enjoys some of the most distinct qualities of any state in our nation. It is the only state with political subdivisions called Parishes (local governments that are equivalent to counties). Since many of the state’s lands were formed by Mississippi River sediment washout, Louisiana contains large areas of deltas, swamps, and coastal marshes.… Continue reading 2015 Louisiana Real Estate and Housing Market Predictions
2014 Louisiana Housing Market
With such unique and diverse scenery, the 2014 Louisiana housing market appears to be just as charming as the state itself. This real estate market is currently undergoing many changes. What’s more, these changes occurred at a rapid pace. Some of the changes may appear to be drawbacks to some of you. However, we prefer… Continue reading 2014 Louisiana Housing Market
2013 Louisiana Housing Market
Shreveport, La. was one of 10 U.S. cities named by Forbes magazine as the best for offering affordable median home prices and dwindling inventories of homes for sale. The magazine based its choices on the latest survey of conditions in 146 major markets for one year, starting in December 2011. Detroit took the No. 1… Continue reading 2013 Louisiana Housing Market
Affordable Home Owners Insurance
Home owners insurance policies have sky-rocketed in some states, while others are seeing their policy prices remain close to the same. All this has occurred amid record high profits in the insurance industry. Last year insurance companies netted $68-billion, while insurance policies cover less and cost more. In 2005 insurance companies profited a record $48-billion.… Continue reading Affordable Home Owners Insurance
Four Million US Homes Risk Hurricane Damage
By Mike Colpitts As homeowners move to coastal areas in unprecedented numbers, more than 4 million are at risk of suffering storm damage from hurricanes, a new all-time record high, according to an industry research report. This years CoreLogic report indicates that slightly more than 4 million homes along the Atlantic and Gulf Coast regions… Continue reading Four Million US Homes Risk Hurricane Damage
Chinese Drywall Damage Tops 100,000 Homes
By Mike Colpitts Attorneys are working on a class action settlement with the makers of Chinese drywall that has damaged or destroyed more than 100,000 U.S. homes. But the drywall, which has been used in the construction of homes since as early as 2001 may soon be outlawed in the U.S. Homeowners in at least… Continue reading Chinese Drywall Damage Tops 100,000 Homes
2012 Louisiana Housing Market
It’s been six long years that the people in Louisiana have been battling to recover from Hurricane Katrina, and it finally looks as though the Louisiana housing market is making a turn for the better. Home sales are moving higher and home prices in many areas of the state are on an up-swing. Sales shot… Continue reading 2012 Louisiana Housing Market
Louisiana Outlaws Transfer Taxes
By Kevin Chiu It may be true that no other state in the U.S. can use a break more than battered Louisiana in these tough economic times. The state that suffered the twin hardships from Hurricane Katrina and the BP oil spill has outlawed real estate transfer taxes in an effort to increase home sales.… Continue reading Louisiana Outlaws Transfer Taxes
BP Oil Spill Triggers Major Home Value Loss
By Mike Colpitts A study of home sales in Louisiana, Alabama, Mississippi and Florida along the Gulf of Mexico shows that home values have fallen an average of 15% so far as a direct result of the BP oil spill. The devastating impact from the massive oil spill has also contributed to the growing foreclosure… Continue reading BP Oil Spill Triggers Major Home Value Loss