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
Posts Tagged ‘Business Report’
Denham Springs Real Estate Update April 2010 – Declining Prices and Move To Affordability!
04/14/2010 | 
Author http://www.appraisersindenhamsprings.com/ – Denham Springs Housing Update April 2010 – Reporting Declining Prices and Move To Affordability!
This Denham Springs Housing Update proves what I’ve been saying for the past year – that the Denham Springs housing market is turning more affordable, to lower priced housing. The chart below shows the largest percentage of homes sold in Denham Springs in the $130,000 to $139,999 range. According to the Baton Rouge Business Report Weekly below, the March 2009 average sales price was $165,404 and $154,782 in March 2010, -6.42% decline.
Yesterday’s Baton Rouge Business Report Weekly Real Estate Update for March 2010 stated:
“For the first time this year, more houses were sold locally in a month than were sold the year before. There were 596 homes sold in March, according to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, compared with 594 MLS sales in March 2009. The average sale price also increased slightly, from $194,321 in March 2009 to $197,042. The gain was entirely driven by Ascension Parish, where there were 142 MLS sales in March, compared with 105 in March 2009. Average sale prices were down somewhat in Ascension, from $213,600 to $201,082. Sale prices were also down in Livingston Parish, where there were 91 sales, three fewer than in March 2009. The average sale price in the parish was $154,782, compared with $165,404 in March 2009. East Baton Rouge sales were down from 351 to 320, while the average sale price rose from $202,975 to $206,061. And in the other category, which includes MLS sales in the Felicianas, West Baton Rouge and Pointe Coupee parishes, the average sale price jumped up to $206,020, from $141,057, while the number of sales was virtually unchanged, from 44 in March 2009 to 43 last month.
Through the first quarter of 2010, 1,402 MLS sales have happened in the Capital Region, 2% less than the 1,431 sales in the first three months of 2009. The average sale price is $192,709, down slightly from the $193,216 figure in the first quarter 2009.“
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | 
Tags: Affordability, Affordable Housing, April, Association Of Realtors, Business Report, Business Weekly, Decline, Denham Springs Real Estate, East Baton Rouge, First Quarter, Greater Baton Rouge, Housing Market, Livingston Parish, Mls Sales, Multiple Listing Service, Pointe Coupee, Realtors Multiple Listing, Realtors Multiple Listing Service, West Baton Rouge | 
No Comments »
Baton Rouge Residential Real Estate News Update 1 26 2010
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Residential Real Estate News Update Video As Of 1/26/2010
Baton Rouge Residential News Highlights From The Baton Rouge Business Report’s “Real Estate Weekly”. Subscribe to the Real Estate Weekly Email here!
Posted in Baton Rouge Economic News, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Baton Rouge, Business Report, Business Weekly, Email, News Update, News Video, Real Estate News, Real News, Real Video, Residential News, Residential Real Estate, Residential Real Estate News, S Real Estate | No Comments »
Baton Rouge Real Estate Appraisers Video: CNBC Good News & Worries Over Commercial Mortgage Delinquencies
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate Appraisers Video: CNBC Good News & Worries Over Commercial Mortgage Delinquencies
Also, see the Baton Rouge Business Report’s: Dire predictions for commercial mortgage lending and here’s a snippet:
“Nationally, about $3.4 trillion in commercial real estate loans is outstanding, and some experts predict a wave of defaults in the next few years that could make the mortgage meltdown look like a strong wind before a hurricane. While some call for government intervention to head off the next financial crisis, others say the magnitude is too great. The debt crisis facing Dubai, with its custom-island extravagances, could be a global foretaste.
With a largely jobless recovery from the “Great Recession,” the root of the problem seems deep. Millions of office and industrial workers have been laid off this year alone, meaning a diminished need for physical job sites and a rise in commercial vacancies. Although Baton Rouge seems relatively resilient economically, commercial lending trouble has appeared. Mall of Louisiana owner General Growth Properties filed for bankruptcy in the spring, and banks that financed Tommy Spinosa’s Perkins Rowe development foreclosed on the project in the summer.“
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge FHA News, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, East Baton Rouge County Housing Market Studies, FHA Appraisers Baton Rouge | Tags: Baton Rouge Real Estate News, Baton Rouge Real Estate News, Business Report, Cnbc, Cnbc News, Commercial Mortgage Lending, Commercial Real Estate, Commercial Vacancies, Debt Crisis, Financial Crisis, Foretaste, General Growth Properties, Government Intervention, Jobless Recovery, Mall Of Louisiana, Mortgage Delinquencies, Mortgage Meltdown, Real Estate Appraisers, Real Estate Loans, Snippet | No Comments »
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 »
Biggest Gainer In Constructions Jobs In US In August 2009: Louisiana
http://www.batonrougerealestateappraisal.com/ – Biggest Gainer In Constructions Jobs In US In August 2009: Louisiana
The Baton Rouge Business Report is reporting that Louisiana was the biggest gainer in construction jobs in the U.S. in August 2009, adding 4.4% more construction jobs than it did in August 2008. The link is above. This is fortunate because on the same day, the BR Business Report is reporting that 42 States Lose Jobs In August, Up From 29 States in July. That report is located here.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, FHA Appraisers Baton Rouge | Tags: Baton Rouge, Business Report, Construction Jobs, Constructions, Gainer, Jobs Louisiana | No Comments »
Greater Baton Rouge Home Sales Decline 19% First 6 Months Of 2009
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report is Reporting Greater Baton Rouge Home Sales Decline 19% First 6 Months Of 2009
The Baton Rouge Business Report is reporting this morning that area home sales were down 19% for the first 6 months of 2009. The link to the news on 7/13/2009 is at: http://www.businessreport.com/archives/daily-report/2009/jul/13/1077/ and here’s a snippet as directly quoted:
“Baton Rouge area home sales are down 19% through the first six months of 2009 as the effects of the national recession continue in the area. According to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, there were 3,298 homes sold in the metro region through June, compared to 4,083 through June 2008. The average sale price was down 6.5%, from $207,072 in 2008 to $193,548. Local real estate officials say the housing market remains fairly strong because employment remains high locally. But tight credit markets and consumer unease are causing a slowdown in sales. The number of houses sold in East Baton Rouge Parish was down 21%, from 2,500 through the first half of 2008 to 1,965 through the end of last month. Livingston Parish saw a bigger drop in overall sales, with 509 homes sold as of June, compared with 670 through the first half of 2008. Ascension Parish had the smallest drop, with the number of houses sold falling by 4.8%, from 670 to 627. In the other category, which includes MLS sales in West Baton Rouge Parish and the Felicianas, there were 197 homes sold as of June, compared to 254 through the first six months of 2008.”
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, FHA Appraisers Baton Rouge | Tags: Association Of Realtors, Baton Rouge Area, Baton Rouge Parish, Business Report, Credit Markets, East Baton Rouge, Greater Baton Rouge, Housing Market, Livingston Parish, Local Real Estate, Metro Region, Mls Sales, Multiple Listing Service, National Recession, Realtors Multiple Listing, Realtors Multiple Listing Service, Snippet, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baton Rouge Business Report: Louisiana holds up better than most in recession
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report: Louisiana holds up better than most in recession
Source and Article: Baton Rouge Business Report
Here’s a brief snippet:
“When Louisiana Gov. Bobby Jindal touts the state’s job market and New Orleans Mayor Ray Nagin sells his city as one of the best places to ride out the recession, it’s not just routine boosterism. In the midst of a severe nationwide downturn, the Louisiana economy is holding up better than most. It’s a role reversal from a few years ago, when Louisiana was one of the country’s weaker states financially following the destruction caused by Hurricane Katrina.”
Posted in Baton Rouge Economic News, Baton Rouge Real Estate Appraisal | Tags: Appraisers In Baton Rouge, Baton Rouge, Baton Rouge Appraiser Search, Baton Rouge Appraisers, Baton Rouge Appraisers Directory, Baton Rouge Appraisers Search, Baton Rouge FHA Appraisers, Baton Rouge FHA Home Appraisers, Baton Rouge FHA Real Estate Appraisers, Baton Rouge Foreclosures, Baton Rouge Home Appraisers, Baton Rouge Homes For Sale, Baton Rouge Homes Realtor, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Baton Rouge Realtors, Baton Rouge REO Homes, Best Places, Board Of Realtors, Bobby Jindal, Boosterism, Business Report, Downturn, FHA Baton Rouge Appraisers, FHA Baton Rouge Home Appraisers, FHA Baton Rouge Real Estate Appraisers, Greater Baton Rouge, Home Appraiser, Hurricane Katrina, Job, Louisiana Economy, Market Direction, Mayor Ray Nagin, Median Sale Price, Midst, New Orleans Mayor Ray Nagin, Ray Nagin, Recession, REO Appraisers Baton Rouge, REO Appraisers East Baton Rouge, REO Homes Baton Rouge, REO Homes East Baton Rouge, Residential Development, Role Reversal, Snippet | No Comments »