OT: because nobody loves data like SPS…
- Thread starter horshack.sixpack
- Start date
You’ve obviously never been to Louisiana…
The bubbly, squishy states annoyed me as well.
What exactly is a "pandemic era buyer"?
I agree with some of the numbers on the map, I wouldn't want to live anywhere near DC either.
I agree with some of the numbers on the map, I wouldn't want to live anywhere near DC either.
A good many cities in Louisiana are losing population. I know Lake Charles and Cameron Parish have dropped a ton in the last few years.
I thought Lake Charles was booming???
Covington/Mandeville sure is but that is most likely just people leaving New Orleans.
Could've changed in a couple years since this, which is probably about the time I recall hearing about it:
Lake Charles, Sulphur populations down, but Hunter says news isn’t all bad - American Press
Most Louisiana cities lost people between 2020 and 2023. Sulphur and Lake Charles were at the top of the list. Sulphur had the biggest loss percentage-wise, a net loss of […]
americanpress.com
When I go to Louisiana I don't get the sense things are dying, seems like there's a lot of things happening there. Definitely moreso than Mississippi. especially the I-10 corridor.
Suspect the Lake Charles hurricane is likely pulling these stats down.
Suspect the Lake Charles hurricane is likely pulling these stats down.
Having kept an eye on home prices in my area recently, I can say that existing suburban Birmingham generally isn't seeing that 41% number. I know Huntsville is hot, but I doubt it's enough to pull a statewide number up that high. I've seen ~20% as a cap on existing homes around here, and some examples considerably less. If the value of my home was 40% higher than 2021, I'd probably be selling right now.
Maybe new construction is a big factor?
Maybe new construction is a big factor?
Some states/areas experienced a surge in home sales and prices during the pandemic, due to people wanting to leave wherever they were for a 'better life'...whatever that may actually mean for each individual person.
That overall pricing has largely stayed in the subsequent years.
My personal opinion, not based on actual facts, is that you are seeing housing prices in “flyover country” starting to close the gap with housing in the higher markets.
It will only get worse as housing in those markets gets too high for anyone but the wealthiest people to afford.
It also dovetails with work-from-home becoming more prevalent and less houses being built overall (because construction prices have also skyrocketed).
It will only get worse as housing in those markets gets too high for anyone but the wealthiest people to afford.
It also dovetails with work-from-home becoming more prevalent and less houses being built overall (because construction prices have also skyrocketed).