Louisiana
Louisiana housing demand to increase following announcement of upcoming low interest rates
BATON ROUGE, La. (WAFB) – After a challenging year for the housing market, more people are looking to buy their first home.
Following an announcement from the Federal Reserve, three interest rate cuts are coming this year.
“I think a lot of people predicted the market was going to crash and that didn’t happen. The median sales price again is still holding itself strong,” Richard Spears, owner/founder of Prime Properties said.
Real estate professionals blame inflation for low sales and high-interest rates.
According to Freddie Mac, a federal home loan mortgage corporation, mortgage rates alternated last year with the average 30-year fixed rate going as low as six percent in early February and as high as nearly eight percent in late October.
“There’s no denying that there was a slow market last year. Everybody that had the low-interest rates didn’t want to lose their low-interest rates so they either stayed out of the market or they were using their house as a rental rather than buying something new,” said Jonah Mumphrey, Broker at Pivot Realty.
Real estate professionals believe the news of decreasing rates alongside people who have been waiting to buy or sell a home will cause the housing market to make that shift.
As the interest rates trend down, real estate professionals encourage homebuyers to take advantage of those sales.
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Copyright 2024 WAFB. All rights reserved.
Louisiana
LDWF Announces $5.2 Million for Conservation Projects through the Louisiana Outdoors Forever Program
Today, the Louisiana Department of Wildlife and Fisheries (LDWF) announced that the Louisiana Outdoor Forever (LOF) Project Selection Board voted to fund 5 conservation projects in Louisiana based on the review, evaluation, and scoring received from LOF’s Technical Advisory Board. The LOF program will allocate $921,350 and leverage $4.29 million for a total conservation investment of $5.21 million to these projects. The LOF program is administered by the LDWF and helps Louisiana become more competitive in securing grant opportunities.
Projects selected for funding:
Project Name
Project Location
Organization
Funding Amount Requested
Match Funds
Total Project Amount
Bayou L’Ours Phase V Terraces
Golden Meadow, Lafourche Parish, LA; 29°24’44.71″N, 90°8’52.90″W
Ducks Unlimited / Partner with Lafourche Parish
$213,500.00
$3,485,641.00
$3,699,141.00
Enhancing Wood Duck Habitat in Pearl River WMA through Duck Box Installation and Community Ed.
Pearl River Wildlife Management Area (WMA) below Indian Village Road on West and Middle Pearl River
Southern Quacker Wildlife Conservation (SQWC) / Partner with LDWF
$8,000.00
$6,000.00
$14,000.00
Enhancing Mottled Duck Breeding Habitat in Southwest Louisiana
Multiple parishes in Southwest Louisiana
Ducks Unlimited / Partner with LDWF
$100,000.00
$200,000.00
$300,000.00
Napoleonville Bayou Access and Emergency Boat Launch Project
Bayou Lafourche – right descending bank; Assumption Parish
Bayou Lafourche Fresh Water District
$500,000.00
$500,000.00
$1,000,000.00
Beechwood-Bayou Sara Tunica Hills Protection
Beechwood Tract and Sleepy Hollow Tract in West Feliciana Parish
The Nature Conservancy / partner with LDWF
$99,850.00
$99,850.00
$199,700.00
Total
$921,350.00
$4,291,491.00
$5,212,841.00
The Louisiana Outdoors Forever (LOF) Program was created during the 2022 legislative session with House Bill 762 to provide funding for outdoor conservation projects across the state.
You can also sign up for meeting and Louisiana Outdoors Forever press releases by visiting here and selecting an interest of “Conservation.”
ALEXANDRIA, La. (KALB) – Economic development is on the rise in Cenla and across the Pelican State, and leaders hope to capitalize on it.
Adam Knapp was the keynote speaker at a meeting for the Rotary Club of Alexandria this week. He leads the organization “Leaders for a Better Louisiana” as its CEO.
Knapp said the biggest concern they’ve seen is that some regions of the state do really well with development and some have had a tougher time of it.
What Knapp said he’s been impressed by is the state writing a brand new economic development strategy plan, which he said hasn’t been done in almost 20 years.
“They did that where they kind of quilted together a plan from Louisiana Central, a plan from Southwest Louisiana, from Northeast, Northwest Louisiana, and they said, ‘We need a statewide plan that is a combination of all the things all our metro areas need in order to drive successful economic development visions forward,’” he explained.
Knapp said it’s up to citizens and community leaders to ask for a focus on jobs from state leaders.
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Copyright 2025 KALB. All rights reserved.
Louisiana State Police said Monday they are looking for any information that could help identify a pedestrian who was killed late last month while walking along Interstate 55 on the northshore.
The pedestrian, a Black man with dreadlocks thought to be between the ages of 18 and 25, was killed early on Oct. 27 when he was hit by two cars on I-55 in Hammond. The man had “T.B.T.” tattooed on his inner left arm and “Long Live LJ” on the inside of his right arm. He was about 5 feet 9 inches tall.
Anyone with information that could help identify the man is urged to contact Louisiana State Police at (985) 893-6250.
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