Month: October 2010

Denham Springs Home Appraisers Video: Robert Shiller: End of Tax Credit Could Mean Big Trouble for Housing … and Banks

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https://www.denhamspringsappraisers.com/ – Denham Springs Home Appraisers: Robert Shiller: End of Tax Credit Could Mean Big Trouble for Housing … and Banks! Yahoo Finance has an interesting video on Robert Shiller feels that the end of the tax credit could mean big trouble for housing. And… Altos Research Blog this morning has an interesting chart: What if the Housing Stimulus Never Existed?   Yes, this argument is counterfactual, economically speaking, but… as Kyle Bass has asked – “How many problems have you solved by kicking the can down the road?”

Greater Baton Rouge Home Appraisers: One and Three Year Housing Studies Released!

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http://www.batonrougerealestateappraisal.com/ – Greater Baton Rouge Home Appraisers: One Year Housing Study Released! Accurate Valuation Group has released a 1 year and 3 year study on Greater Baton Rouge Housing – Facts, Prices, Trends! The 1 year study includes 10 charts and 3 year includes 9 charts. Click here to view the 1 Year Study! Click here to view the 3 Year Study!

2010 Greater Baton Rouge Short Sales Study Released, 2 Percent Of All Sales

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http://www.batonrougerealestatetrends.net/ – 2010 Greater Baton Rouge Short Sales Study Released, Approximately 2 Percent Of All Sales! Greater Baton Rouge Appraiser, Bill Cobb, has performed a study on the number of “short sales” taking place within the Greater Baton Rouge Housing Market. This was a rather difficult study to complete because of the lack of designation of short sales within the local GBRMLS. In other words, there’s no box for agents to check that specifically states the reason for the sale was “Short Sale”. So, this makes the numbers below somewhat questionable because of the lack of a proper method for Continue reading 2010 Greater Baton Rouge Short Sales Study Released, 2 Percent Of All Sales→

2010 Comprehensive Greater Baton Rouge Foreclosure Numbers And Charts Released

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http://www.batonrougerealestatetrends.net/ – 2010 Comprehensive Greater Baton Rouge Foreclosure Numbers and Charts Released   East Baton Rouge Foreclosure Trends: East Baton Rouge 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 12% of sales YTD; 2009 Foreclosures totaled 11%. 7% of all EBR MLS Listings are Foreclosures! Foreclosures are negatively impacting this market. Where Are The 2010 East Baton Rouge Foreclosures Concentrated? AREA 11 FORECLOSURES, Primarily Baker. In Area 11 in 2010, there have been 33 solds in Baker and 13 in Zachary. In 2009 and 2010, the Baker market has experienced a significant amount of fore closure activity as it was Continue reading 2010 Comprehensive Greater Baton Rouge Foreclosure Numbers And Charts Released→

Where Are The 2010 Livingston Parish Foreclosures Taking Place?

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Where Are The 2010 Livingston Parish Foreclosures Taking Place? Livingston Parish Fore closure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 13% of sales YTD; 2009 Foreclosures totaled 9%, an increase of +2% since 2009. 7% of all Livingston MLS Listings are Foreclosures! Foreclosures are negatively impacting this market. Where Are The Foreclosures Most Concentrated? The chart below represents the number of recorded Livingston Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS (Multiple Listing Service), with the exception of Manufactured Housing sales. Greater Baton Rouge MLS Areas for Livingston Parish are 80, 81, 82 and 83. Continue reading Where Are The 2010 Livingston Parish Foreclosures Taking Place?→

Livingston Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers!

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https://www.denhamspringsappraisers.com/ – Livingston Parish Fore closure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 13% of sales YTD; 2009 Foreclosures totaled 9%, an increase of +2% since 2009. 7% of all Livingston MLS Listings are Foreclosures! Foreclosures are negatively impacting this market. There’s A Major “Caveat” with the numbers below! The chart below represents the number of recorded Livingston Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS, with the exception of Manufactured Housing sales. GBRMLS Areas for Livingston Parish are 80, 81, 82 and 83. Let’s put these foreclosure numbers into perspective! In 2009, there were Continue reading Livingston Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers!→

Denham Springs Real Estate Buzz: Listen To NAR’s Real Estate Today Show For October 16, 2010!

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https://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Buzz: Listen To NAR’s Real Estate Today Show For October 16, 2010!   Each Saturday, the NATIONAL ASSOCIATION OF REALTORS® hosts the “Real Estate Today Radio” show with award-winning broadcaster, Gil Gross. The “About” section says: “Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions. On radio stations, satellite, and podcasts… even cell phones, Real Estate Today is your instant connection to the American Dream of home ownership.” Continue reading Denham Springs Real Estate Buzz: Listen To NAR’s Real Estate Today Show For October 16, 2010!→

Denham Springs 2010 Housing Trends: Lakes At Belle Terre

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http://www.denhamspringslarealestate.net/ – Denham Springs 2010 Housing Trends: Lakes At Belle Terre Solds In Lakes At Belle Terre Subdivision from 1/2005 to 10/13/2010 revealed: Average Sales Price: $209,333 Average Sold Price Per Sq. Ft.: $104.44/sf ($108.83/sf in 2009) Median Sold Price: $204,000 ($208,900 in 2009)Number of Sales: 6 (5 Sales In 2009) Average Number of Days On Market: 65 Low To High: $188,000 to $250,000 Number of Sold REO/Foreclosures Noted In MLS: 0 Current # Listings: 4, 0 Are Foreclosures Current Listings Prices: $179,000 To $205,000 Home Sales Data for this update was used with permission of the GBRAR MLS. Search Continue reading Denham Springs 2010 Housing Trends: Lakes At Belle Terre→

Baton Rouge High End Homes Market September 2010 Better Than Expected!

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http://www.batonrougerealestatetrends.net/ – Baton Rouge High End Homes Market September 2010 Better Than Expected!   High End Homes Market Appears Near Solid Support, Most Solid Within East Baton Rouge Parish. From 9/1/08 to 9/30/09, MLS reports 298 sales versus 294 sales 9/1/09 to 9/30/10, which is only a decrease of -4 sales or -1.3%. Average Sold Price for the 2009/2010 period is $539,650 compared to $548,036 for the 2008/2009 period. Median Sold Price for the 2009/2010 period is $500,000 compared to $495,700 for the 2008/2009 period. Average sold price per sq. ft. is $157.89/sf versus $159.43/sf for the 2008/2009 period. Average Continue reading Baton Rouge High End Homes Market September 2010 Better Than Expected!→

How To Understand Baton Rouge Home Appraisals: Market Conditions Section

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http://www.batonrougefhaappraisers.com/ – How To Understand Baton Rouge Home Appraisals: Market Conditions Section. The challenges local home appraisers now face when valuing Greater Baton Rouge homes after the Federal Tax Credit Expiration. I recently completed a refinance appraisal assignment off Sharp Rd and witnessed a trend I wanted to bring your attention to. This is still the recovering Post Hurricane Gustav market of MLS Area 42, zip code 70815, generally Broadmoor and Sherwood Forest areas. I say Post Hurricane Gustav because Gustav’s damage in 9/2008 disrupted this housing market more than most realize. I believe the 2 weeks it took to Continue reading How To Understand Baton Rouge Home Appraisals: Market Conditions Section→