Linda Locascio
President
New Orleans Real Estate Investors Association
Owner
Linda Lane Realty and Millionaire Investments
What are you most excited about in the coming year?
I am most excited about boosting membership engagement with the many new and exciting programs NOREIA is offering to its members. For instance, in November we will be hosting the first annual networking cruise on Carnival Cruise Lines out of New Orleans. Participants will enjoy educational and networking meetings as well as a murder mystery dinner based on real life circumstances in real estate.
Some of our new programs this year are “Ask the Experts” and the new “Accountability Call.” Both will allow members direct access to our seasoned real estate investors with the opportunity to ask questions and be mentored by professionals active in the market. We are also excited about hosting the National Real Estate Investors Leadership Conference this year in New Orleans and looking forward to making a positive impact on our community and on the lives of millions of people.
What is the biggest challenge facing your industry today?
There are many — the most significant being high housing prices as well as interest rates that are twice as high as they were just a few years ago. Additionally, investors and homeowners alike are having to deal with higher insurance costs as well as higher taxes and construction costs. We also have many homeowners with very low-interest rate loans that cannot afford to sell their home and “move up” to a more expensive dwelling because of the higher interest rate. This leads to a tighter housing market which allows sellers to keep their prices high in spite of the higher interest rates. This leads to frustrated buyers, sellers and investors alike.
New Orleans Real Estate Investors Association, known as NOREIA, is a trade association for real estate professionals dedicated to promoting ethical real estate investing through educational and networking opportunities as well as community, legislative and public relations. As the broker/owner of Linda Lane Realty and a leader in the real estate market, Linda Locascio is honored to be the first female president of the premiere real estate investing club in the Gulf South region.
