LAKE CHARLES REAL ESTATE STATISTICS

Lake Charles Real Estate Projected to Be The Strongest Real Estate Market!

 Housing rebound to start next year! Lake Charles Real Estate, is projected to be the strongest housing market in Louisiana by 2014, according to an analysis by Bloomberg Businessweek.  Lake Charles Real Estate is forecast with an expected 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, some analysts say the recession has ended in Lake Charles. Lake Charles Real Estate is likely to be one of the strongest-performing small real estate markets in the U.S.

NEW HOME SALES SURGE IN DECEMBER 2010

source Reuters:

New U.S. single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery.

NATIONAL ASSOCIATION OF REALTORS PRESS RELEASE January 27,2011

source: Realtor.org

"Pending Home Sales Continue Uptrend Contracts for pending sales of previously owned homes rose faster than expected in December after the prior month's sales were revised lower, according to the National Association of REALTORS.

NAR's Pending Home Sales Index increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8 mark in December 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, credits good affordability conditions and economic improvement. "Modest gains in the labor market and the improving economy are creating a more favorable backdrop for buyers, allowing them to take advantage of excellent housing affordability conditions. Mortgage rates should rise only modestly in the months ahead, so we'll continue to see a favorable environment for buyers with good credit," he said."