Louisiana

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Louisiana

Biggest home price increase projected in 2014: Lake Charles metro

Forecast 4-year price increase: 6 percent
Current median price: $102,051*
Prices to reach trough in: 2011 Q3
Median family income: $52,900
Population: 194,400

Home prices may still drop for a while in Lake Charles, but some have called an end to the economic recession in the area, which has an unemployment rate of 7.8 percent, according to June data from the BLS. Lake Charles is expected to be one of the best-performing small housing markets this year, according to a price forecast by Local Market Monitor, a real estate forecasting company.

Index used to calculate historical home price changes: FHFA

* Source: John Burns Real Estate Consulting, April 2010