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What Louisiana City is projected to be the strongest housing market in LA by 2014?

By
Real Estate Broker/Owner with Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB

I-210 Bridge Photo Credits to Victor MonsourAccording to this Bloomberg Businessweek article, the answer would be.........LAKE CHARLES. That is right, Lake Charles is projected to be the strongest housing market in Louisiana by 2014!

Further, the same report projects a 6% increase in home prices over the next four years."

The articles also anticipates "a low point in prices reached in the third quarter of 2011.

Buyers! Knowing the interest rates will more likely go up than down significantly, and that prices may well go up, what does that suggest? 

Obviously, this is a great time to build or buy a home in the Lake Charles area.

 

 

Posted by




Mary Kay Hopkins, GRI, CRS, CRB, e-PRO  Lake Charles, LA
Mary Kay Hopkins, LLC  mkh.com

Licensed by the Louisiana Real Estate Commission.

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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

What fantastic news, Mary Kay. Great to tout that to your community.

Aug 10, 2010 08:30 AM
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

All good things come to those who wait................good news for you Mary Kay, it's a comin!

Aug 10, 2010 08:32 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Thanks so much Lottie.  A person in the financial community that I highly respect moved back to Lake Charles a few years ago saying something like "Lake Charles is a great place to ride out a recession."   I respect her opinion even more now!

Roger, I agree...patience pays.  Thanks.

Aug 10, 2010 09:05 AM
Marilyn Boudreaux
Marilyn Boudreaux, Century 21 Bono Realty - Lake Charles, LA
Lake Charles LA Century 21 Realtor

You must have gotten the same email I did about this article LOL

Aug 10, 2010 09:34 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Marilyn, don't think so.

Aug 10, 2010 10:07 AM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Oh my gosh, Mary Kay - that is super exciting news for your area and for YOU!  I hope that buyer recognize that NOW would be the time to get moving!

Wake Forest NC House Chick

Aug 10, 2010 11:51 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Leesa, that would be the smart approach with rates being what they are these days. Thanks.

 

Aug 10, 2010 12:13 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Can I move there now!! 

Aug 10, 2010 12:29 PM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Carla, you are one smart real estate cookie!  

To answer your question, YES!

Aug 10, 2010 01:22 PM
Paige Walker
Paige Walker - Pineville, LA
Real Estate Guru - Alexandria Pineville LA

MK Sounds like just another GREAT reason to buy a home in Lake Charles, Louisiana! Congrats and hope you sell a BUNCH!!!

Aug 10, 2010 02:34 PM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Thanks, Paige.  Hey if you have any savvy investor/developer clients, you might want to call me about the property known as Old Barbe Woods 53.5 acres) as well as an adjoining 4 acres m/l on Shell Beach Drive.

Aug 10, 2010 03:36 PM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

Mary Kay~

We think of the area so often...and this is wonderful news.

Aug 10, 2010 06:51 PM
Michael Delaware
North Sky Realty LLC - Battle Creek, MI
REALTOR®, CRS, GRI

Wow!  A fresh, and positive housing report!  This is good news for you!  I hope we see more reports like this all over the country.

Aug 11, 2010 01:29 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

janeAnne, nothing better than good thoughts! Thanks

Michael, Yes, we are pretty excited. Agree re the need to see this country-wide.  Thanks

Aug 11, 2010 02:23 AM
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Mary Kay ~ does Bloomberg Businessweek say anything positive about the Denver area?????  My crystal ball is on the fritz!

Aug 11, 2010 10:37 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Dawn, I don't know. Sounds like a mind-bender to me! :)

Aug 11, 2010 11:25 AM
Carl Winters
Canyon Lake, TX

Yhea! Yhea! Yhea! Go Lake Charles and Mary Kay. Lake Charles is a great place and now the world knows how great. Yhea!

Carl and Ceil Winters, Canyon Lake Texas

Aug 11, 2010 12:50 PM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Thanks Carl and Ceil!  I can't point to this news as the cause, but I have seen an increase in sales calls in the last few days.

Aug 11, 2010 02:23 PM
Keary Coffin
Keller Williams Realty Cenla Partners - Gardner, LA
Your Foreclosure Expert

That is great info.  Thanks

Aug 14, 2010 10:11 AM
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Keary, you are most welcome.

Aug 14, 2010 10:20 AM
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Besides writing a bit about my listings and services, I enjoy sharing information about Lake Charles, Southwest Louisiana, and The Margaret Place Historical District and general real estate.

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