03 June 2008

rod noles: alexandria real estate market down 13.62%

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local realtor/developer rod noles told the alexandria city council, economic development committee today, that the first five months of 2008 compared to the first five months of 2007 shows that "the market is down in central louisiana by about 13.62%; thats a pretty big decline," mr. noles said that this shows that central louisiana is not immune to what is taking place nationwide.

although, mr. noles tried to appear upbeat, some of the numbers he gave to the economic development committee were grim:
housing starts down drastically -- according to mr. noles, the month of may typically sees around 12 - 20 new housing starts but there were only seven in may 2008. meaning that 2008 is on track to see less than 100 new housing starts while typically in a year alexandria sees close to 500.

video later...
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Posted by wst... at 16:44

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