Looking ahead to 2014, no other market in the country is poised for growth more than Baton Rouge according to DSNews. Comparing 2013 to 2012, Closed Sales are up, Days On The Market are down, Sales Prices are rising and the Percent of List Price statistics are relatively unchanged. In Baton Rouge, homes are well-priced and the market is hot!
It’s a great time to sell and a healthy time to buy a Baton Rouge home! The Louisiana foreclosure rate dropped to 1.7% at the close of 2013. And while 30-year fixed rate mortgages hovered around 4.50 percent to start 2014, the Mortgage Bankers Association expects mortgage rates to increase above 5 percent in 2014 and then increase further to 5.5 percent by the end of 2015. Now is the time to act before rising rates impact affordability.
Knowing how to make the numbers work for you is an integral part of the Art of Home Selling. We’d love to show you how!