Panic grips Hollywood of the South as home prices to plunge 10%... making it epicenter of the housing bubble implosion
There's a long overlooked housing market in the US that's about to become a seller's nightmare – and a buyer's dream. Welcome to Louisiana: a place bursting with culture, jazz, and fried gator bites – and now, a growing surplus of homes. After a Covid-era boom, the state is experiencing what one local realtor calls a 'post-pandemic correction.' A wave of listings is flooding the market. Due to sky high mortgage rates and soaring natural disaster insurance premiums, many residents in the already poor state can no longer afford to keep their home and want to cash in on their equity.
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