I'd love to talk to you about the Baton Rouge real estate market. 2012 is actually the first year -to-year increase since Hurricane Katrina. However, the average sales price dropped slightly so it's a GREAT time to buy a home in Baton Rouge. I believe when you look in comparison to other cities the size of Baton Rouge, our foreclosure rate is very low. And considering where you're coming from, the amount of housing you get for your money should be quite exciting for you! Baton Rouge has a lot to offer with it's location on the Mississippi River, big industry and of course, home of two major universities. I'd love to help you get acquainted with Baton Rouge, so please feel free to contact me!
The market here can be deceptive to the outside eye. Basically since 2005, Baton Rouge has grown exponentially because of the large amount of New Orleans residents displaced from Hurricane Katrina. It created an explosive market for the past couple of years and we are just now starting to see it level out. Our homes are still projected to gain value over the next few years (see CNNmoney.com, the local real estate forecast for a national outlook on our local housing market).
Because the market is starting to slow, you would be buying at the best time!
LA Lending would love to help you with your mortgage needs. Please visit our website or call today for assistance!
I receive a flyer last week from the Greater Baton Rouge Association Of Realtors that says that Louisiana and New Jersey have the best market right now. Baton Rouge is getting bigger, investors are coming with great ideas for this area. Louisiana doesn't have the same problems as Florida or California even thoug we were hit by Katrina. " if you keep your mind positive, you will have positives results ". Take care
The credit issue, harder to get loans plays a part and well as supply and demand. This varies with area and price ranges. Call or email me information on what you are looking for: Price range, Bedroom, SF, area and I will send you data. Got to http://www.ddwilson.com/Buyersform.html
We have a Realtor in Baton Rouge we can refer you to...I would find a Realtor who can run you a CMA to show you what sold where...then you can get a better handle on the market.