https://livebedico.com/wp-content/uploads/lpomusic.jpg206602Jennifer Graveshttps://livebedico.com/wp-content/uploads/Bedico-Creek-Preserve-Logo.pngJennifer Graves2021-09-23 11:17:172021-09-23 11:17:17Sunset Symphony on the Lake: An Evening with the LPO, October 23, 2021
Talk of a highway being built to connect St. Tammany Parish to Bogalusa has been discussed for years. The four-lane road has been on Louisiana’s state project list for over thirty years. Finally, funding has come through for the project.
“My age group thought the older people were crazy,” Bogalusa Mayor Wendy Perrette, who is 45, said. “They were holding on to a hope we didn’t ever see coming.”
“A lot of people weren’t even born when we started talking about this,” Washington Parish Sen. Beth Mizell said.
Many sections throughout the area will benefit such as the paper mill in Bogalusa and the economic development of St. Tammany Parish. The new highway will not only allow easier access to these areas but will also create jobs. It will improve St. Tammany businesses’ logistics, distribution and transportation.
This project comes at a great time for the city of Bogalusa which is starting to see growth in retirees and young families who are looking for lower housing costs.
“A young family can live here for a little bit of nothing,” Perrette said of the area. “Property taxes are low, it’s affordable. It’s beneficial even if you had to commute.”
https://livebedico.com/wp-content/uploads/4-1190-Audubon-Pkwy-resale.jpg427640Jennifer Graveshttps://livebedico.com/wp-content/uploads/Bedico-Creek-Preserve-Logo.pngJennifer Graves2021-09-23 09:57:492021-09-23 09:57:49Highway To Link St. Tammany Parish to Bogalusa Will Be Funded
According to the National Association of Realtors (NAR) housing inventory is starting to improve. Industry leaders predict that home prices will begin to level off as the inventory starts to increase.
As of July 2021 on a year-over-year basis sales were up by 1.5% over this time last year. Existing home sales including single-family homes, townhomes, condominiums and co-ops also increased. Total existing-home sales jumped 2.0% to a seasonally adjusted annual rate of 5.99 million.
July also reported the current sales rates of unsold inventory sits at a 2.6 month supply. This is up from June 2021 but is still behind from this time last year. New construction will benefit from the low level of existing homes on the market.
Homes were on the market an average of 17 days in July which is an all-time low. This time last year homes stayed on the market for an average of 22 days. This summer homes 89% of homes that were sold stayed on the market for under a month.
Low inventory is still pushing home prices up. July reported a 17.8% increase in the median sales price of existing homes to $359,900. This is the 113th consecutive month of year-over-year increase according to the NAR. Multifamily existing homes were up 14.1% from a year ago to a median price of $307,100.
If you are in the market for a home, contact a local Realtor. Working with a local sales professional will help you save money and time. Realtors know the community the best.
https://livebedico.com/wp-content/uploads/32-660-Bedico-Parkway.jpg6821024Jennifer Graveshttps://livebedico.com/wp-content/uploads/Bedico-Creek-Preserve-Logo.pngJennifer Graves2021-09-22 17:26:372021-09-22 17:26:37Inventory Is Rising As of July 2021’s Report