Denham Springs Livingston Parish FHA Home Appraisers
Toll Free Office: 888.678.3544, Local Office: 225.293.1500, Toll Free Fax: 866.663.6065, Email: fastvalue2@cox.net
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http://www.accuratevg.com/ - Greater Baton Rouge Real Estate 2009 Declines -4.3% Year Over Year
Zillow.com is reporting that Baton Rouge Metro (Greater Baton Rouge) had a -4.3% decline since 1/2009, see the charts below. The Zillow report can be read here! Also according to Zillow, the Shenandoah market, comprised of approximately 2,800 homes, experienced a -2.3% decline in the same period.
For Your Greater Baton Rouge Home Appraisal Needs, Give Accurate Valuations Group A Call at 225-293-1500
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate: Four Demographic Trends That Will Affect Greater Baton Rouge Housing
Realtor.org and and The Urban Land Institute are reporting on 4 demographic trends that will affect Greater Baton Rouge Housing! Their short article is located here and is quoted below.
“4 Demographic Trends That Will Affect Housing
A new report from the Urban Land Institute predicts two major changes in the U.S. housing market as we began a new decade.
Home appreciation will slow considerably to about 1 percent to 2 percent annually.
The current U.S. homeownership rate, now at 67 percent (which is down from a record high of 69 percent), will fall further to about 62 percent.
4 Major Demographic Trends
The report also cites four major U.S. demographic trends that will have a major impact on housing.
1. Aging baby boomers (ages 55 to 64 years old): They will keep working, and many will be forced to stay in their suburban homes until values recover. Those who are able to move will choose mixed-age living environments that cater to active lifestyles. Walkable suburban town centers also will appeal to this group.
2. Younger baby boomers (46 to 54 years old): They are now entering their prime earning years but they will lack home equity and unlike the older members of their generation, they won’t be able to purchase second homes. This will likely curb the prospects for the second-home market.
3. Generation Y: They are larger than the baby boom generation (with a population of about 86 million). As they enter the housing market, they are less interested in homeownership than their parents were when they were young adults. “They will be renters by necessity or choice for years ahead,” says John K. McIlwain, author of the report.
4. Immigrants – both legal and illegal: They are nearly 40 million strong. They often prefer multi-generational households and if they can afford them, larger homes in neighborhoods with a strong sense of community.
Source: The Urban Land Institute (01/27/2010)
Tags: Baton Rouge Estate Appraisers, baton rouge real estate, greater baton rouge real estate, baton rouge real estate trends
http://www.denhamspringsappraisers.com/ - Walker Louisiana Has A New eNews Digest Online Presence
Here’s two post to the new eNews Digest:
“2009: A terrific new beginning in Walker
It’s hard to believe a whole year has passed us by. I’m very proud of everything this community has accomplished working together during my first year in office. Walker has grown in so many ways – and not just in size. We have a new atmosphere of transparency, participation and collaboration in government. We have initiated multiple beautification projects, including planting more than 4,000 trees and shrubberies along La. 447. We have expanded cultural and recreational opportunities for families. We have forged stronger relationships among Walker’s business leaders. We have infused government with some fiscal responsibility. And we are hard at work on infrastructure, including additional drainage improvements, upgrades to water and sewer systems and roadway expansions. Look for details about what we accomplished in our upcoming Annual Report, which will be available on our website in late January. But there is much more to come in 2010. I thank all those who are working so hard to make Walker the wonderful community that it is, and I look forward to all that the coming year has in store for us.
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We really love Livingston Parish
Science has finally discovered something we’ve known for quite some time: People who live in Livingston Parish love Livingston Parish. Southeastern Louisiana University’s Social Science Research Center has just finished a study of the five Florida Parishes. As it turns out, those who live in this parish are more satisfied with their quality of life than residents of St. Tammany, Tangipahoa, Washington and St. Helena. A whopping three quarters of those who took part in the study said they were satisfied or very satisfied – the highest score of all the parishes. Nearly half of the respondents in the survey said they believe our quality of life is better or much better than it was three years ago. And more than half said they believe the quality of life will get even better in the next three years. Livingston residents also gave their fire and police protection and emergency preparedness fairly high scores, but did express serious concerns about traffic safety and management. Livingston also scored high marks in child care services, health care and parks and recreation.”
http://www.denhamspringsappraisers.com/ - Video: Denham Springs FHA Appraisers Woodland Crossing Subdivision
Tags: 70726, denham springs, Denham Springs Real Estate, denham springs real estate agents, denham springs realtor, Denham Springs Realtors, dr horton, woodland crossing
http://www.denhamspringsappraisers.com/ - Denham Springs Louisiana Appraisers Dot Com Home Appraisal Website Explained Video
In this video, Denham Springs Home Appraiser, Bill Cobb, Explains the navigation of his local website.
http://www.denhamspringsappraisers.com/ – Video: Denham Springs, a part of the Greater Baton Rouge Housing Market, Makes Best of 2009 Housing Markets To Rise In Future
http://www.denhamspringsappraisers.com/ – FHA Appraisers Denham Springs Reports Livingston Parish Saw Biggest Increase In November 2009
Baton Rouge Business Report Reports November Home Sales Up 38% Locally With Good News For Livingston Parish Home Owners…
“There was a 38% increase in the number of homes sold in the Capital Region during November, compared with the year before. There were 576 houses sold in November, according to the Greater Baton Rouge Association of Realtors Multiple Listing Service, compared with 417 in November 2008. Average sale prices were down 3.4%, from $185,622 in November 2008, to $179,272. Livingston Parish saw the biggest improvement in sales, with 145 homes sold in November at an average price of $157,954. That’s nearly double the 76 sales that happened last year, at an average price of $144,558. East Baton Rouge also saw a jump in home sales, from 232 in November 2008, to 307. The average sale price was down slightly, from $190,527 to $185,036. Ascension Parish saw the smallest increase in home sales, up from 76 in November 2008, to 90 last month. In the other category, which includes MLS transactions in parishes such as West Baton Rouge, Iberville and the Felicianas, there were 34 homes sold at an average price of $202,970, compared with 25 sales at an average price of $186,950 in November 2008. Through the first 11 months of the year, Capital Region home sales are down 7%, from 6,879 in 2008 to 6,385. The average sale price is down 5.4%, from $202,627 in 2008, to $191,586.”
Tags: Denham Springs Appaisers, Denham Springs FHA Appaisers, Denham Springs Home Appaisers, Denham Springs Home Appraisers, Denham Springs Home For Sale, Denham Springs New Homes, Denham Springs Real Estate
http://www.appraisersindenhamsprings.com/ - FHA Appraisers Walker Louisiana Photos From The Field December 2009.
The Newly Developed 72 Lot Isabella Lakes Subdivision Remains Vacant Possibly Due To Very, Very High Pricing Of Lots Within What’s Supposed To Be The “More Affordable” Walker Louisiana Housing Market From $37,400 up to $56,400. Understandably, The 72 Lot Listings Expired Unsold. The $37,400 Lots Are Tiny 50×135 In Size For Starter Homes In The Minimum 1,400sf range up to 1,600sf range. The estimated home prices would be in the $140K to $170K range. To put this into proper perspective, the lots in Collins Place sold from $40K up to $49,900 where the predominant values were in the mid $250K range. This Again Appears To Be An Example Of How The Market Is Shunning Overpriced Lots and Overpriced New Homes In This Move To The Desire Of Afordability. This is Why “Vicknair Builder Homes” are selling so well in this market. This appraiser won’t be at all surprised to see Vicknair Builders buy Isabella Lakes Subdivision and build more affordable homes for this affordable homes market.
Newly Developed Isabella Lakes Subdivision Remains Vacant
A Good Sign: New Home Construction Still Taking Place In Collins Place Subdivision
Some Vacant Lots Still Remain In Collins Place After 2-3 Years Since It Opened
This New Home Sits Vacant In Collins Place Without Selling Since 2008. The Living Area is stated as 2,177sf for now $249,900 or $114.79/sf. This home has been listed since 12/17/07 for $276,900 or $127/sf, which is high for the Walker Market and why this home hasn’t sold. The price has been reduced from $276,900 down to $249,900. The last Listing was from 4/24/09 to 11/23/09 for $249,900 or 215 days and expired. Not sure if it’s this particular home, floor plan or style or the market itself.
Here’s The Same Home In Collins Place In Late 2007 When It Was For Sale.
The Video Below Is A Video I Made Of Collins Place In 2008 And Later Placed On YouTube In Early 2009. This specific home’s video footage is at “5:20″ into the video. This appears to be be nice, compatible home with Collins Place. This is an illustration of how the Walker Market is moving toward a more affordable housing market and “possibly” away from the high pricing of the 2006-2008 era!
http://www.denhamspringsappraisers.com/ – FHA Appraisers Walker Louisiana Photos From The Field December 2009.
Snow On 12/5/09, The Earliest Recorded Snow On Record In Louisiana
A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!
A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!
A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!
A Vacant and Unfinished Home Sits In Autumn Run Subdivision – An Object Lesson In Why One Shouldn’t Overbuild In A Subdivision Where The Average Home Is 1,500sf to 1,600sf. This Home In The Photo Is Estimated To Be 2,000sf to 2,200sf, Overbuilt By Approximately 35%.
http://www.denhamspringsappraisers.com/ - Denham Springs Real Estate 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.“
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