Accurate Valuations Group
Office: 225.293.1500
Fax: 1-866-663-6065
AVG Staff Email
AVG Website
AVG YouTube Channel
AVG On Facebook
AVG On Twitter
Archive for November 2009
Geismar Dutchtown FHA Appraisers Report On Old Mill Subdivision
11/23/2009 | 
Author 
http://www.ascensionrealestateappraisers.com/ – Geismar Dutchtown FHA Appraisers Report On Old Mill Subdivision
A market analysis of solds from 8/1/2008 to 11/23/2009 within Old Mill Subdivision shows an overall median sales price decline of -3.58% on what appears to be low volume. However, the Listing Price To Sales Price Ratio still remains high or favorable at 100% of listing price. The chart below represents solds from 1/1/2007 to 11/23/2009.
1004MC of Old Mill Itself
Baton Rouge Real Estate Video Of Woodstone Estates Subdivision Video Tour
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Video Of Woodstone Estates Subdivision Video Tour
Baton Rouge Real Estate Appraisers News: Tax Credit Extended
http://batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers News: Tax Credit Extended
Wow! I arrived back at the office to receive a flood of news about the Tax Credit Extension.
From Wells Fargo Mortgage:
Tami Luhby, with CNNMoney.com, is reporting that Congress Extends Homebuyer Benefits! Bill Extends Homebuyer Tax Credi Into Next Year. Here’s a snippet below:
“NEW YORK (CNNMoney.com) — New homebuyers are poised to see the $8,000 tax credit extended into mid-next year.
The legislation extends the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.
The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years. That measure would apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years.
The credit would be available only for the purchase of principal residences priced at $800,000 or less.”
From Darren James @ Keller Williams Realty:
“Breaking News!!!
As of today-Thursday, November 5th, the bill has passed involving the extension and expansion of the homebuyer tax credit and will be sent to President Obama for his signature. The new program will go into effect when President Obama signs the bill. Click link below for details!!
From Baton Rouge Business Report:
Posted in Baton Rouge Economic News, Baton Rouge Real Estate News | 
Tags: Baton Rouge Real Estate News, Business Report, Cnnmoney, Darren James, First Time Homebuyer, Flood, Homebuyers, James Keller, Keller Williams Realty, Least Five Years, Obama, Principal Residences, Real Estate Appraisers, Realtors, Snippet | 
1 Comment »
B.R. Business Report & FACL: Baton Rouge Home Prices Down Slightly
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report & First American Core Logic: Baton Rouge Home Prices Down Slightly
(In this example above, this Baton Rouge Housing Market in 70815 has experienced more than just a slight decline in median sales price and an oversupply of competing housing. Parameters are the 1900sf to 2400sf living area size range)
The Link is Here! Here’s a snippet of from the report:
“A new report says Baton Rouge home prices dropped 0.41% in August from the year before. First American Core Logic says the local Home Price Index was down from August 2008, after a 0.8% increase in July. That local decrease is much better than the 10.1% drop reported in First American’s national index in August. Louisiana’s index was down 3.9% during the month. First American predicts U.S. home prices will hit bottom in March, because of the increasing number of homes entering the foreclosure process and the expiration of a tax credit for first time homebuyers — although members of Congress are working to extend the credit into next year. By August 2010, First American projects the home price index will be up 4.6% nationally and 0.51% in Baton Rouge.”
FHA Appraisers Baton Rouge Report: FHA Loan Limits to Remain Same Through 2010
http://www.batonrougerealestateappraisal.com/ – FHA Appraisers Baton Rouge Report: FHA Loan Limits to Remain Same Through 2010
FHALoanPros.com is reporting that FHA Loan Limits To Remain Same Through 2010. The article link is here. Here’s a snippet from the article:
“Current loan limits for FHA home loanshave been extended through the end of 2010. This move is expected to help ailing US housing markets by extending the availability of FHA loans to homebuyers and homeowners in higher priced markets. FHA loan limits are based on 125 percent of local median home value, and vary by location. With the demise of sub prime lending, FHA plays a significant role in providing home loans for borrowers who cannot meet conventional mortgage lending requirements. Challenges can include:
Moderate income: FHA allows higher housing expense to income (31 percent) and debt to income (43 percent) ratios than conventional mortgage lenders. Thee ratios, sometimes called front-end and back-end ratios, are determined by dividing borrowers’ estimated housing expenses by gross income, and dividing total installment debts by gross income. FHA also allows non-resident co-borrowers (such as parents) to sign as co-borrowers for primary borrowers needing income assistance. FHA guidelines are generally more lenient than conventional lending requirements.”
