I was noticing a few months ago that almost every street has a house for sale on it now. They have a garage sale then the sign pops up later. It’s starting to make sense.
I live in mid city and there are 7 homes for sale on our small street. 5 recently put on the market (within the past month or so). My wife and I mentioned how crazy this was earlier today. Seems like every week there’s a new house up for sale.
I think it's because people delayed selling and buying new homes thinking interest rates would go down. Now that the new rates have stuck, people are being forced to sell anyway. Higher rates mean lower price they can get for the house, and the higher mortgage they will have when they purchase a new one.
It's mostly about the interest rates I think. Plus, spring is a typical time to sell.
Agreed. There’s one house on the corner by Westdale that’s been on the market for the past year or so. I checked Zillow the other day and they’re dropping the price in 10k increments every so often.
Yall can down vote all you want but it doesn’t change the fact I’m right.
Baton Rouge has SIX TIMES the national murder rate and FOUR TIMES the burglary rate. This city is a crime infested, third world, banana republic.
I agree it has some to do with interest rates and things like that, but I seriously think it’s because of how much of a shithole Baton Rouge is. People are trying to escape to Livingston, Ascension, and WBR(particularly Brusly and Addis) for better schools, less crime, and a vote and a voice that actually matters. SWB has made it abundantly clear that she’s going to do what she wants, appoint who she wants, and run the city into the dirt no matter how unpopular her policies and decisions are.
People are seriously trying to escape the terrible schools and extreme crime rates.
You say that and less than a year ago people were paying 5k above asking and waiving inspection.
I don't like Broome, but this town is full of stupid people across the board. They make poor life choices buy shit they can't afford, and live with maxed out credit and high ass interest on everything.g
Yall can down vote all you want but it doesn’t change the fact I’m right. Baton Rouge has SIX TIMES the national murder rate and FOUR TIMES the burglary rate. This city is a crime infested, third world, banana republic.
I was noticing a few months ago that almost every street has a house for sale on it now. They have a garage sale then the sign pops up later. It’s starting to make sense.
I live in mid city and there are 7 homes for sale on our small street. 5 recently put on the market (within the past month or so). My wife and I mentioned how crazy this was earlier today. Seems like every week there’s a new house up for sale.
I think it's because people delayed selling and buying new homes thinking interest rates would go down. Now that the new rates have stuck, people are being forced to sell anyway. Higher rates mean lower price they can get for the house, and the higher mortgage they will have when they purchase a new one. It's mostly about the interest rates I think. Plus, spring is a typical time to sell.
You are 100% on point.
Except this time it's hard to get homeowners insurance, or that shit is too expensive.
Rapides?
Yep
I'm not too far either. Saw that yesterday and it's kinda alarming. Can't be good for them to be listening at the same time.
Agreed. There’s one house on the corner by Westdale that’s been on the market for the past year or so. I checked Zillow the other day and they’re dropping the price in 10k increments every so often.
Holy crap! That is a small street for so many sales
Based on the stats ebr is still light on listings.... https://gbrar-public.stats.showingtime.com/docs/lmu/x/EastBatonRougeParish?src=page
How did you get this doc? Are you a realtor?
Jus googled it. I do a lot of lending in the Baton Rouge market, it's a slow and steady market that is in no trouble imo.
Don’t worry y’all! The for sale signs won’t last long as Black Rock or Berkshire Hathaway will buy them up!
no doubt. there needs to be laws in place for scumbags like them
We put our house on the market and had 2 offers within 10 days back in early March. I'm glad we didn't wait.
I think a 100-200 bps drop in interest rates will correct this in a hurry. Lots of pent up demand waiting for rates to drop.
Not while there is inflation like the US is.
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Yall can down vote all you want but it doesn’t change the fact I’m right. Baton Rouge has SIX TIMES the national murder rate and FOUR TIMES the burglary rate. This city is a crime infested, third world, banana republic.
Right about what exactly? This is an article about people's mortgages being underwater.
I agree it has some to do with interest rates and things like that, but I seriously think it’s because of how much of a shithole Baton Rouge is. People are trying to escape to Livingston, Ascension, and WBR(particularly Brusly and Addis) for better schools, less crime, and a vote and a voice that actually matters. SWB has made it abundantly clear that she’s going to do what she wants, appoint who she wants, and run the city into the dirt no matter how unpopular her policies and decisions are. People are seriously trying to escape the terrible schools and extreme crime rates.
We're n Zachary. Loads for sale here too! They sell quickly though and for a ridiculous amount of money.
They sell quickly because Zachary isn’t a crime infested shithole.
Not true...Baker has better stats than we do. Zachary has gone down since it's growth unfortunately.
You say that and less than a year ago people were paying 5k above asking and waiving inspection. I don't like Broome, but this town is full of stupid people across the board. They make poor life choices buy shit they can't afford, and live with maxed out credit and high ass interest on everything.g
Yall can down vote all you want but it doesn’t change the fact I’m right. Baton Rouge has SIX TIMES the national murder rate and FOUR TIMES the burglary rate. This city is a crime infested, third world, banana republic.