News
Mortgage Rates Reverse Course
January 27, 2012 by admin · Leave a Comment
Freddie Mac reported Thursday that mortgage interest rates have done a 180 and are now starting to climb, buoyed by positive housing data over recent weeks which show the market ended 2011 on a high note. Still, interest rates on home loans remain extremely low by historical standards. For the week ending January 26, the [...]
B.R. home sales end 2011 on positive run
January 24, 2012 by admin · Leave a Comment
By Steve Sanoski Published Jan 17, 2012 at 8:57 am (Updated Jan 17, 2012) Home sales in the eight-parish Capital Region ended 2011 on a seven-month run of increases over 2010 figures—with annual sales up 3%—and area realtors expect 2012 numbers to be even better. “Normally we start trending down in September and October, [...]
Fed begins controversial push to revive housing market
January 10, 2012 by admin · Leave a Comment
The Federal Reserve has launched a potentially controversial push to revive the battered U.S. housing market, calling on other government officials to act after largely exhausting its own tools to support the fragile economic recovery, Reuters reports. After the Fed slashed interest rates to near zero more than three years ago and amassed $2.3 trillion [...]
Baton Rouge seventh on Forbes list of where jobs will be next year
December 28, 2011 by admin · Leave a Comment
Baton Rouge is ranked No. 7 on the Forbes list of Where Jobs Will (And Won’t) Be in 2012, with an estimated 12% of the metro area’s employers expecting to add jobs. Baton Rouge tied with five other metro areas: Atlanta-Sand Springs-Marietta, Ga.; Bradenton-Sarasota-Venice, Fla.; Indianapolis-Carmel, Ind.; Tampa-St. Petersburg-Clearwater, Fla.; and Wichita, Kan. Cape Coral-Fort [...]
B.R. foreclosure rate dips in September
December 8, 2011 by admin · Leave a Comment
A 0.05% decrease in Baton Rouge’s foreclosure rate in September, when compared to the same month a year ago, more than reversed a 0.03% increase in August and kept the local rate significantly lower than the national average. According to data released by CoreLogic today, 2.43% of outstanding mortgage loans in Baton Rouge were in [...]
Real Estate recap: RaceTrac signs deal for administration office … Prairieville roofing company acquires Mandeville business … B.R. to get 11 Dunkin’ Donuts over next 6 years
December 6, 2011 by admin · Leave a Comment
On track: RaceTrac Petroleum has entered into a five-year lease agreement with Security National Properties Louisiana for 4,175 square feet of office space at 4150 S. Sherwood Forest Blvd., according to Kurz & Hebert Commercial Real Estate, which brokered the deal. RaceTrac’s lease will begin on Jan. 1, 2012, and the company will use the [...]
Baton Rouge Real Estate quarterly market report
November 29, 2011 by admin · Leave a Comment
Real estate recap: New pizzeria on Jefferson … Affordable housing development breaks ground downtown … Lacombe-based bank fails
November 22, 2011 by admin · Leave a Comment
Real estate recap: New pizzeria on Jefferson … Affordable housing development breaks ground downtown … Lacombe-based bank fails Published Nov 22, 2011 at 7:45 am (Updated Nov 22, 2011) ShareThis Related Stories Rental property ordinance leads to creation of new landlords’ organization A taste of old New York: The former Schlotzky’s Deli at 8190 Jefferson [...]
Led by B.R., Louisiana home sales jump 20% in 3Q
November 15, 2011 by admin · Leave a Comment
Louisiana’s residential real estate market showed a significant increase in sales activity during the third quarter, with sales up 20.2% over the third quarter of 2010, according to Louisiana Realtors. Year to date, the number of houses sold in the state is up 2.7% over last year. “Our market has generally followed the national trend [...]
Real estate recap: Louisiana Food Co. moving headquarters … Applebee’s aims for December opening … First homes in Rouzan under construction
November 2, 2011 by admin · Leave a Comment
On the move: Louisiana Food Co. says it’s moving its corporate headquarters to a facility that will also house the packing operations for its lines of “Certified” Louisiana specialty food products. The relocation to 17485 Opportunity Dr., Suite E, brings the company’s packing operations into closer proximity with its current distribution channels. Louisiana Food has [...]
