Occasionally, because Bedico Creek Preserve is such a popular neighborhood on the northshore of Lake Pontchartrain in New Orleans, Louisiana, we will have newspaper, magazine, and online articles and blogs written about our master-planned community. We feature these articles in our Press Room area. Also, we sometimes create press releases for special news and events that are happening at Bedico Creek Preserve. You can find all of this information, plus make media inquiries all right here in our Press Room.
No dogs or baby strollers at this event in Mandeville.
Annual Big Easy Heart Race
July 16, 2022
7am registration
9am race
Fontainebleau State Park
62883 Hwy. 1089
Mandeville, LA 70448
Free for spectators (+$3 park entry fee); Racers’ entry fees vary.
This is part of the Up Close and Musical series in Slidell.
Ever More Nest
July 15, 2022
7pm – 9pm
The Harbor Center
100 Harbor Center Blvd.
Slidell, LA 70461
Price: $19-$110
Click Here for More Information.
According to a report published by CoreLogic, homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year. There was a collective equity gain of $3.8 trillion in the first quarter. This was an average gain of $63,600 per borrower. Homeowners with mortgages accounted for around 60% of properties across the country. Home equity and home prices both rose together, in fact, home prices were up 20% in March 2022 compared to March 2021.
“This has led to the largest one-year gain in average home equity wealth for owners and is expected to spur a record amount of home-improvement spending this year,” Patrick Dodd, CEO of CoreLogic said in a statement.
Homeowners across the nation, approximately 62,000 homeowners regained their home equity. Good news but CoreLogic still reports that around 2% of homeowners with a mortgage still remain underwater. This is about 5.3% less than those reported underwater in the fourth quarter of 2021.
There is still hope, the report predicts that if home prices increase by 5% then around an additional 130,000 homes would regain equity. Lets hope it takes this trend, if it doesn’t and the market turns the opposite way, then around 167,000 additional homes will go underwater.
This has been a whirlwind of a housing market since the pandemic began. It has been nine years since the number of single-family homes under construction is higher than multifamily construction. Robert Dietz, the National Association of Home Builders Chief Economist reported that up until 2008 that was the norm. Then the financial crisis that led to the Great Recession hit and homeowners moved to rentals in droves.
The pandemic could be why this trend has taken over. People wanted to get away from the dense areas and were moving out of apartments. More and more people were looking for a single-family home for space to work and school from home. Since the pandemic will this still hold up to be the case?
Multifamily housing starts were 17% higher from 2020. This shows a sign that multifamily construction will start to come back. If homeowners want to go back to living in metro areas, these communities cannot support a large amount of single-family construction. Millennials are the big chunk of first-time homebuyers and cannot afford a single-family home in this housing market. Multifamily units are more cost effcient when it comes to construction and renting. This will probably put multifamily construction back into the lead.
This event is located in Slidell.
Cars & Coffee
High Octane Bar & Grill
1101 Howze Beach Rd.
Slidell, LA 70461
July 16, 2022
8am – 10am
This is a free event! Patrons Will enjoy pictures with Santa, a Toyland play area, sweet treats, good bags and music by John & Robyn.
Click Here for More Information!
Bring a picnic to this event in Covington.
Sunset at the Landing Concert
Columbia Street Landing on the Bogue Falaya River
100 N. Columbia St.
Covington, LA 70433
June 17, 2022
6PM – 9PM
Free Event!
