Real Estate expert speaks to realtors
Ragas gives post-Katrina insight
Dr. Ragas spoke on housing and economic conditions post-Katrina in the River Parishes. He projects St. Charles’ population to ballon to 60,000 in 3 years.
Dr. Ragas spoke about effects and the recovery of the New Orleans metro area since Hurricane Katrina.
His data provided that 210,000 homes were damaged in Louisiana, which is five times more than Hurricane Andrew in Florida. 85,000 homes were severely damaged. This has left Louisiana with 240,000 lost jobs. However he feels that the job market should be nearing recovery in four to six months. Dr. Ragas said, “It is imperative that getting jobs back be a main focus of recovery.” 20,000 jobs were lost in the medical field alone. The American Medical Administration reports between 3000-4000 doctors have relocated outside Louisiana.
Rental housing units are at a full capacity, with a waiting list, but are now beginning to shorten. 13,000 multi-family units will not recover, mostly in the New Orleans east area. He stated that the New Orleans east area is the slowest in recovery effort.
For recreational fishermen to commercial fishermen, Venice and the Fourchon are recovering nicely. He does not feel that Grand Isle will ever fully recover.
Dr. Ragas shared with the local realtors that neighboring Jefferson and Baton Rouge parishes will run a close race on the fastest growing parishes in the state the next year or so. He provided stats that St. John Parishes' population pre-Katrina was 43,000 and post-Katrina, 47,000. The growth is expected within 3 years to climb to 55,000. In St. Charles Parish, the population was 48,000 pre-Katrina, and is now at 53,000. In St. Charles, projected population growth in three years to be 60,000.
Dr. Ragas now retired from UNO has been traveling around with this presentation to educate many audiences in different facets of business and industry. SBR President, Ben Oubre encouraged its members to digest the information provided by Dr. Ragas to enhance the real estate industry in the saints parishes.
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
A St. Rose woman has been arrested in connection with the alleged hit-and-run death...
In the many years that Barry Minnich has been with the Luling Volunteer Fire...
Ashlyn Frahm is this year’s salutatorian for Destrehan High School (DHS)....
Being named Hahnville High School (HHS) valedictorian for the class of 2015 came as...
Although Randall “Randy” Harvey had an idea he might be named Destrehan High School...
Hahnville senior receiver Ricky Preston will continue his football career after...
New York Life gives you the path to financial security of life time protection and value of life insurance, annuities, retirement plans and other financial planning. Let us help you achieve the financial goal of lifetime income!
Wounded vet will be welcomed to Luling with a new house - 687 views
Ashton Plantation subdivision should have a new resident by Christmas thanks to Destrehan builder Larry Tyson of Tyson Construction, his family and a few other good Samaritans.