By Mike Colpitts Hurricane driven storm property damage in ten major urban areas along the Atlantic and U.S. Gulf coastlines would exceed $300-billion in home losses, according to an assessment by a real estate research firm. It’s the second annual assessment by Core Logic, developed to enhance understanding of the heightened risk storm surge damage… Continue reading Hurricane Storm Surge Poses $300 Billion in Home Losses
Category: Louisiana
Louisiana housing market
Chinese Drywall Second Housing Crisis
By Kevin Chiu A second housing crisis is slowly working its way through 20 states as more victims fall ill from poisonous fumes emitting from their very residences. From the Gulf Coast of Louisiana, where workers are replacing toxic Chinese drywall in new homes built for victims of Hurricane Katrina across the country it’s being… Continue reading Chinese Drywall Second Housing Crisis
2011 Louisiana Housing Market
Louisiana home sales are anemic in most of the state as a wave of turmoil troubles the state battling back from twin disasters. A turn around that started to develop has been stagnated, as unemployment grows and fears about a rebound in the economy derail the region. Home sales aren’t being hurt as much by… Continue reading 2011 Louisiana Housing Market
Markets Forecast to Rise with Housing Inflation
In a turning point that demonstrates U.S. housing markets are making a recovery, Housing Predictor is forecasting that local markets in seventeen states will experience housing inflation in 2011. The states are dominated by the Mid-west and most Northern regions that were less affected by harmful new mortgage lending products during the real estate bubble,… Continue reading Markets Forecast to Rise with Housing Inflation
Gulf Oil Spill to Drop Homes Only 10%
By Mike Colpitts Gulf coast homes and condos on the immediate coastline in the path of the BP oil spill in Alabama and Florida will suffer only a 10% drop in average values as a result of the oil disaster, according to a new Housing Predictor forecast compiled after more than three months of research.… Continue reading Gulf Oil Spill to Drop Homes Only 10%
2010 Louisiana Housing Market
Housing sales in Louisiana are being seriously impacted by the double-punch of the BP oil disaster and the expired federal tax credit. Before the oil hit the southern coastal region of the state progress was building in the wake of the devastating destruction left in the wake of Hurricane Katrina five years ago. However, now… Continue reading 2010 Louisiana Housing Market