Southwest Louisiana has a good economy and a stable real estate market!
I am getting tired of hearing people say we have a depressed real estate market and a bad economy in Southwest Louisiana. This is not true.
Southwest Louisiana residents need to understand the Southwest Louisiana housing market and how Lake Charles is different compared to national real estate statistics. There are short sales and foreclosure sales in Southwest Louisiana however, these are minimal in comparison to other real estate markets. The Lake Charles real estate market has remained steady and continues to thrive.
RealtyTrac reported early Thursday that extended foreclosure processing time lines are directly influencing a downward trend in foreclosure activity across the country.
Business Facilities selected Louisiana as the State of the year in 2010! Forbes Magazine has Lake Charles Louisiana ranked #9 in the top 10 of up and coming cities in the United States.
Lake Charles Real Estate, is projected to be the strongest housing market in Louisiana by 2014, according to an analysis by Bloomberg Businessweek. the Lake Charles Real Estate forecast expects a 6% increase in home prices over the next four years, with a low point in prices reached in the third quarter of 2011.
Lake Charles Louisiana has been ranked by Forbes as #9 in the top 10 of up and coming cities in the United States.
Lake Charles Real Estate is projected to be the strongest real estate housing market in Louisiana by 2014, according to an analysis by Bloomberg Businessweek. Lake Charles Real Estate is forecast to see a 6% increase in home prices over the next four years, with a low point in prices reached in the third quarter of 2011. According to Bloomberg Businessweek, Lake Charles Real Estate is likely to be one of the strongest-performing small markets in the U.S. View Lake Charles Real Estate Statistics
In a recent press release from Louisiana Economic Development it was reported that Louisiana ranked best in the U.S. on a per-capita basis in Site Selection magazine’s “Governor’s Cup” rankings. “This ranking is yet another example of our state’s strong economic momentum and shows why it’s critical to keep taxes low and invest in workforce development programs,” said Gov. Jindal. “By any reasonable measure, Louisiana’s economy has outperformed the South and the U.S. since the beginning of the national recession, and we’re just getting started. We’re going to continue to aggressively pursue business investment for our state so that our sons and daughters can raise their families and pursue their careers right here in Louisiana.”Lake Charles ranked first among metropolitan areas with populations between 50,000 and 200,000.
There you have it, my points defending our economy. So please if you are out and about in Lake Charles and Southwest Louisiana and you hear comments that our economy is suffering STOP the madness, its not true!