Bedico Creek Community Comments

The date many residents of Bedico Creek Preserve in Madisonville, Louisiana, have been waiting for has finally arrived.  The opening of the neighborhood pool in our subdivision will happen Saturday, May 10, 2014.  Flanked by our versatile Pavilion, our pool will also be surrounded by native Louisiana palm trees which will offer a tropical feel as well as some shade.  As you relax in the pool, you can enjoy the view of just one of the many water features at Bedico Creek, as the location of the pool overlooks one of our ponds.  The pool for Bedico Creek Preserve will feature gorgeous 2-toned, aqua-colored pool tiles decorating the sides and floor of the pool.  The surround of this custom, free-form designed pool will be a mix of earth-colored ceramic tile and travertine paver surround.  As you can see from the shape of the footer for the pool, Our pool has a completely custom shape with varying depths perfect for supervised small children and older kids, teenagers, and adults.

Below are some snapshots of our progress on the community pool.  We are extremely excited to continue completing our community amenities, in order to offer our homeowners the very best of both worlds at our Conservation Community: a natural habitat with homes built “into the wildlife,” and modern man-made amenities such as our pool, our new disc / frisbee golf course, and our fishing pier as well as our Storage Facility for boats and RV’s which is free to our residents.

The storage facility is located in an accessible part of our community, and we offer a weather-proof metal building which will house boats and RV’s for our homeowners who need to be able to store their equipment when it is not in use.  We have lockable storage units with roll-up doors for RV’s to be pulled in and parked.  The RV and boat storage facility at our community is just one of our many amenities and benefits of living at Bedico Creek Preserve in Madisonville, Louisiana.  If you are interested in buying a lot or a home in our subdivision, you can expect to enjoy the convenience of bringing along your “toys” and keeping them safe in a locked, weather-proof facility.  To find out more about Bedico Creek, our homes, our lots, and our Community Amenities, Contact Us Today at 985-845-4200 or E-mail Info@LiveBedico.com.

2 Pieces of Good News in March – Sales & Interest Rates

The real estate market both nationwide and in St. Tammany Parish enjoyed a gorgeous spring forecast in March when the National Association of Home Builders (NAHB) announced that despite the frigid winter temperatures, new home sales were up during the month of January over December’s decline at the end of 2013.  Specifically, the increase was 9.6% over December’s sales and up 2.2% over sales in January, 2013.  The statistics showed 184,000 standing new homes for sale which pushed the monthly inventory of new homes available to 4.7 month’s supply.  However, only 45,000 of those new homes were completely done and ready to purchase.  The 184,000 inventory supply of homes shows that building has really picked up the pace, and there are currently over 100,000 new homes under construction.

In addition to the increased new home sales pace in January, 2014, the amount of money being spent by private residential construction firms was up over 14% compared to January, 2013.  This spending reflects an increase of activity in the housing market despite the abnormally cold temperatures from this past winter.  The “usual suspects” are still hampering both home buyers and new home builders alike with tight credit conditions making it difficult for both to get construction loans or new home mortgages.  Also, the cost of materials, due to the increase cost of fuel, as well as a lack of material supply has put a dent in a rapid increase of new home construction and new home sales.  However, despite these conditions, builders are reporting a profit margin of 4.9% on new homes sold compared to .5% in 2010 and -3% in 2008.

federal_reserveWhile builders and home buyers are still fighting a housing market which has been slowly and steadily rising to its feet after the Recession, the Fed has made small and cautious moves to stabilize the financial market by beginning to wind down its bond buying program.  The measure of the success of the program, in the past, has been strictly based on the unemployment rate in the United States.  The unemployment rate has been declining, but the numbers have not been a true reflection of new jobs created for those who have been unemployed on a long-term basis.  Because of this skew of numbers which may not be an accurate reflection of the job market, the Fed made the decision in its first quarterly meeting in 2014.

The unemployment rate is expected to drop to approximately 6.1% this year, and the Fed is dropping its bond purchases another $10 billion to $55 billion.  However, they will keep interest rates at 0%, not increasing them until the following factors are considered: measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments.  Janet Yellen, the new chair of the Federal Reserve said rates would likely remain low for a “considerable period” after the Fed’s bond-buying program ends.  Overall, keeping the interest rate at 0% until the economy substantially improves will be a real boon for the real estate market both nationally and in the St. Tammany Parish Real Estate Market.  Rates are low and look to remain that way for awhile, so if you are on the fence about buying a new home in St. Tammany Parish, explore your options by visiting Bedico Creek Preserve in Madisonville, LA.  Contact Us at 985-845-4200 or E-mail Info@LiveBedico.com to make an appointment to tour our new home community.

 

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Abita Springs Cajun Dance, Saturday, April 26, 2014

abita-springs-cajun-dance

Abita Springs Cajun Dance

Abita Springs Town Hall
22161 Level St.
Abita Springs, LA, 70420

Saturday, April 26, 2014

Dance Times:
Lessons: 7:00PM to 7:30PM
Band Plays: 8:00PM to 10:30PM

Featured Band: Jay Cormier

For More Information, Call 504-583-8603 or E-mail billw30@cox.net.

Madisonville Art Market, April 12, 2014

madisonville-art-market

Madisonville Art Market

Water Street
Madisonville, Louisiana 70447

Saturday, April 12, 2014
10:00AM – 4:00PM

Free Admission!

For More Information, Call 985-643-5340.

Folsom Village Market, Saturday’s in April, 2014

folsom-village-market

Folsom Village Market

13401 June Street
(two blocks east of the second traffic light in Folsom, behind Folsom City Hall)
Folsom, LA

Saturday Dates in April, 2014

April 12, 2014
April 26, 2014

9:00AM – 1:00PM

Call (985) 507-6496 For More Information.

Covington Brewhouse Saturday Tours in April, 2014

covington-brewhouse

Covington Brewhouse Saturday Tours

Covington Brewhouse
226 E. Lockwood Street
Covington, LA 70433

Saturday Dates in April, 2014

April 5, 2013
April 12, 2013
April 19, 2013
April 26, 2013

Tour Times:

10:00AM
10:45AM
11:00AM

For More Information, Call 888-910-2337.