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Zillow releases revised real estate forecast - Louisiana takes top 5 largest decliners
Posted on 2/23/25 at 6:18 pm
Posted on 2/23/25 at 6:18 pm
1. Lake Charles -7.3%, 2 Houma -6.4%, 3.New Orleans -5.1%, 4. Lafayette -4.1%, 5. Shreveport -3.9%.
LINK
Alexandria comes in at number 10, -2.5%. Surprised to see Odessa at #6 with all the predicted drilling in the Permian. I find this strange, there is nothing for sale in our zip code and when homes come on the market, they go quickly. Still shocked that Louisiana dominates the top 5.
Well shocked may be a bit of an overstatement. Maybe bemused.
LINK
Alexandria comes in at number 10, -2.5%. Surprised to see Odessa at #6 with all the predicted drilling in the Permian. I find this strange, there is nothing for sale in our zip code and when homes come on the market, they go quickly. Still shocked that Louisiana dominates the top 5.
Well shocked may be a bit of an overstatement. Maybe bemused.
11
Posted on 2/23/25 at 6:19 pm to Flavius Belisarius
Did the bubble burst yet? Been hearing the bubble is gonna bust any day now for 4 years now.
Posted on 2/23/25 at 6:21 pm to TigersHuskers
quote:
Did the bubble burst yet?
Your moms bubble burst.
Posted on 2/23/25 at 6:22 pm to beerJeep
You should as your mom how last night went
Posted on 2/23/25 at 6:22 pm to Flavius Belisarius
Crazy LA is the top 5
Posted on 2/23/25 at 6:22 pm to Flavius Belisarius
This is weird considering the boom we are about to get from other countries having to pay us tariffs to use the Gulf of Louisiana
Posted on 2/23/25 at 6:23 pm to TigersHuskers
quote:
You should as your mom how last night went
Fail
Posted on 2/23/25 at 6:26 pm to Flavius Belisarius
quote:
While Zillow expects home prices across most of Florida to rise over the coming year, ResiClub remains skeptical. After all, Florida has experienced a significant increase in active inventory and months of supply over the past year, which could signal potential pricing weakness. Indeed, single-family and condo prices are currently declining in most Florida housing markets.
Excellent, just in time for my retirement planning. Burn baby burn.
Posted on 2/23/25 at 6:27 pm to Flavius Belisarius
Not shocked. Long time coming.
Lake Charles has been overpriced for going on a decade. Very proud group of folks it seems.
Lake Charles has been overpriced for going on a decade. Very proud group of folks it seems.
Posted on 2/23/25 at 7:03 pm to Corinthians420
quote:
This is weird considering the boom we are about to get from other countries having to pay us tariffs to use the Gulf of Grand Isle
Posted on 2/23/25 at 8:21 pm to deeprig9
quote:
While Zillow expects home prices across most of Florida to rise over the coming year, ResiClub remains skeptical. After all, Florida has experienced a significant increase in active inventory and months of supply over the past year, which could signal potential pricing weakness. Indeed, single-family and condo prices are currently declining in most Florida housing markets.
Maybe Zillow is figuring Ron will be successful in getting rid of the state's property tax?
Posted on 2/23/25 at 8:23 pm to Flavius Belisarius
Trump is gonna re-nationalize flood insurance and we’ll be back on top.
Posted on 2/23/25 at 8:28 pm to Flavius Belisarius
Lake Charles, LA: -7.3%
Houma, LA: -6.4%
New Orleans, LA: -5.1%
Lafayette, LA: -4.1%
Shreveport, LA: -3.9%
Odessa, TX: -3.8%
Beaumont, TX: -3.6%
Chico, CA: -3.1%
Midland, TX: -2.8%
Alexandria, LA : -2.5%
This post was edited on 2/23/25 at 8:28 pm
Posted on 2/23/25 at 9:04 pm to Flavius Belisarius
Not a lot of people want to relocate to the Permian. Those that do buy usually go for Midland.
Posted on 2/24/25 at 11:28 am to Flavius Belisarius
Greenville MS down 11.2%! Holy shite!
Posted on 2/24/25 at 11:35 am to Flavius Belisarius
I've been looking in Mandeville and use Zillow a good bit, Not that much for sale. Some of the houses are sitting (usual the ones that are overpricing their PPSF), but there is a number of pending sales posted. This doesn't make much sense based off the forecast.
Posted on 2/24/25 at 11:37 am to Rambler
That's tough to believe. Greenville MS had to be one of the worst in existence already.
Posted on 2/24/25 at 12:26 pm to Flavius Belisarius
quote:
1. Lake Charles -7.3%
Stout just came
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