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Story Archives: Looking back at 2011
- 2013 - 844 articles
- 2012 - 1954 articles
- 2011 - 2029 articles
- December 2011 - 152 articles
- December 30th, 2011 (Friday) - 1 articles
- December 29th, 2011 (Thursday) - 30 articles
- December 22nd, 2011 (Thursday) - 30 articles
- December 15th, 2011 (Thursday) - 23 articles
- December 13th, 2011 (Tuesday) - 1 articles
- December 12th, 2011 (Monday) - 1 articles
- December 10th, 2011 (Saturday) - 2 articles
- December 8th, 2011 (Thursday) - 23 articles
- December 7th, 2011 (Wednesday) - 1 articles
- December 6th, 2011 (Tuesday) - 1 articles
- December 5th, 2011 (Monday) - 2 articles
- December 4th, 2011 (Sunday) - 1 articles
- December 3rd, 2011 (Saturday) - 3 articles
- December 2nd, 2011 (Friday) - 1 articles
- December 1st, 2011 (Thursday) - 32 articles
- November 2011 - 151 articles
- October 2011 - 169 articles
- September 2011 - 200 articles
- August 2011 - 156 articles
- July 2011 - 160 articles
- June 2011 - 194 articles
- May 2011 - 166 articles
- April 2011 - 164 articles
- March 2011 - 204 articles
- February 2011 - 151 articles
- January 2011 - 162 articles
- 2010 - 2139 articles
- 2009 - 2066 articles
- 2008 - 1757 articles
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Looking back at 2011
By AJ Burns
Special to The Citizen
As another year winds down, let's take time to look back at the Northeast Louisiana real estate market. Admittedly it is fairly easy for an appraiser to look backwards as we generally analyze historic data.
So, what have we observed in the real estate market during the past year? The word that comes to mind is "sluggish". The slow economic recovery continues to take a toll on the real estate market. Lower interest rates have rescued many from a worse scenario as the lower mortgage rates for home and businesses continue at historic lows which have offset increases in other areas such as tax, insurance, utilities, and operating expenses.
Locally owned and operated banks continued to provide sound financial assistance during the year. However, these smaller banks are just now beginning their audit cycles and the results appear to be a push for tighter credit standards and lower loan to value mortgage loans. The new requirements could create borrowing issues for small businesses which make up a very large part of this local economy.
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