The Baton Rouge real estate market has taken a small hit compared with the rest of the nation, but home prices have still taken a bit of a dip. October’s real estate statistics for Baton Rouge show a decline of a little over 1.25% in home prices compared with a year ago. This is a small decrease compared with the national decrease in sales price of just over 7.5%. These statistics reinforce the strength of Baton Rouge and its ability to stay strong during the nation’s recession.
Across the United States it is a buyer’s market. The low interest rates, low home values and First Time Home Buyer Tax Credit combine to make it an ideal time to purchase real estate. The tax credit is set to expire in the first half of 2010, and there is a likelihood of interest rates starting to rise later in 2010 as well. This may just be the best time to jump in to the Baton Rouge real estate market.
For a complimentary search of all available real estate in Baton Rouge go to www.glendadaughety.com for access to the Baton Rouge MLS. Call Glenda Daughety today, (225) 205-2672, for the best in Baton Rouge Real Estate knowledge and service!