Gulf Coast

Housing Sales in Tampa and Florida Slump in February

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The housing market in Florida is slumping as the speculative element is getting out and buyers remain wary as they wait to see what will happen. Tampa Bay saw a 29 percent decrease in volume with a 1 percent [...]

25Mar2006 | Tom Royce | 1 comment | Continued

Katrina’s Wake Leave Huge Mortgage Problems

Almost 12 percent of mortgages in Katrina’s impact zone are more than 90 days behind in their mortgage payments a new study shows. This is 10 percent more than the rate before Katrina came through and devastated the region.
Not surprisingly, the highest level of mortgages behind in their payments is the sub prime market. The [...]

15Mar2006 | Tom Royce | 0 comments | Continued

New Orleans Rebuilding Funds - Blanco Gets Deal Asked For, But Now is Concerned

In another interesting and weird twist down in New Orleans and Louisiana politics, Governor Kathleen Blanco is concerned over the package for the 4.2 billion dollar rebuilding package proposed by President Bush. In typical Blanco form, it was the package that she and the Louisiana Recovery Board approved and applauded earlier. Now it is not [...]

28Feb2006 | Tom Royce | 0 comments | Continued

St. Tammany Louisiana Needs New Housing Desperately

The after effects of Hurricane Katrina are still being felt. So many people relocated to other areas of Louisiana after the hurricane to stay with friends and family, that the Parish of St. Tammany could build 10,000 homes tomorrow and they all would be filled. So as we all lament that some areas of the [...]

10Feb2006 | Tom Royce | 1 comment | Continued

Is New Orleans Going to Lose 80% of its Black Population

A study coming out of Brown University states that New Orleans will most likely lose 80 percent of its black population due to the damage created by the levee’s breaking after Hurricane Katrina.
The population has spread out all over the country and region, and the odds of them coming back are becoming slimmer every [...]

2Feb2006 | Tom Royce | 1 comment | Continued

Louisiana Gets 6.2 Billion Housing Grant For Rebuilding From Hurricane

Not surprising, Louisiana is receiving the largest amount of a 11.5 billion dollar grant from Congress.

Louisiana will receive $6.2 billion in federal block grant assistance – the maximum it was eligible to receive – it was announced by HUD Secretary Alphonso Jackson Wednesday. Jackson, along with Gulf Coast rebuilding coordinator Donald Powell, announced the [...]

27Jan2006 | Tom Royce | 0 comments | Continued

Harrah’s to build 2 casinos in Biloxi Mississippi

Harrah’s Entertainment looks to be reinvesting in Biloxi, Mississippi after the devestation from the previous hurricane season. Biloxi’s Mayor A.J. Holloway has told the local media that 2 casinos will be built in Biloxi, with an announcement to come shortly from Harrahs and Gov. Haley Barbour.
According to the report, Holloway said Harrah’s will build two [...]

11Jan2006 | Tom Royce | 1 comment | Continued

No Bust, Just Fizz as Housing Bubble Fades

For those who are waiting patiently (or nervously) for the coming housing boom, the consensus of an economic summit held in Chicago this week, thinks we will not have a bursting of the bubble, but a fizz…..

That was the consensus of economists gathered in Chicago this week as they viewed the likelihood that a so-called [...]

13Dec2005 | Tom Royce | 0 comments | Continued

Through Boom or Bubble: Investors Are in the Middle of Florida Real Estate

From Miami to Panama City, investors play a major role in the Florida real estate market. Yes, Florida is having a huge population boom which also has brought with it low unemployment and higher wages. It is also been a magnet for international jet setters purchasing waterfront real estate, especially in the Miami area.
The difference [...]

6Dec2005 | Tom Royce | 0 comments | Continued

Apartment Shortage in Houston

It looks like the refugees from Katrina have been less than proactive in finding housing as the FEMA money is running out for many.

Nadia Williams, who fled New Orleans with her one-month-old daughter the day before Hurricane Katrina flooded the city, came to Houston this month to find an apartment.
Armed with a voucher [...]

25Nov2005 | Tom Royce | 0 comments | Continued