http://www.ascensionrealestateappraisers.com/ – RE/MAX Chairman and Co-Founder, Dave Liniger, reveals his top 10 predictions for the U.S. real estate market for 2012.

As the country shakes off the effects of the worst economic recession in recent history, RE/MAX Chairman and Co-Founder Dave Liniger sees good news for homebuyers and sellers in 2012. Source: YouTube http://www.youtube.com/watch?v=I-mqj4iZlOs

Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/

Baton Rouge Real Estate News

Why Baton Rouge Housing Reports?

Because a home is the largest, most important investment most locals make in their lifetimes. Because of the importance of getting this decision right, housing market facts, trends and analysis are provided to help locals execute competent, informed home purchase or home selling decisions.

There’s a new Premier web video resource in Baton Rouge with a residential focus: Baton Rouge Housing Reports Dot Com. This site offers the good news in our market as well as the on-going correction, tips on what improvements really add value, local REALTOR® video update of the month, local real estate expert interviews, local remodeler’s tips, trends videos, monthly and quarterly reports, Top 150 Subivisions trends, current housing charts and stats, gbrmls stats, local NAR stats, special investigative series and a long list of local online resources. Visit Us for the scoop on local housing.

Baton Rouge Housing Reports Dot Com – Local Real Estate Professionals Providing Trends, Analysis & Tips Helping Locals Make Informed Housing Decisions!

Keywords: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, Baton Rouge Home Appraiser, Baton Rouge Home Appraisal

http://www.ascensionrealestateappraisers.com/ – Manchac Crossing Subdivision Video

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS® \MLS for the period of January 1, 2005 to March 25, 2011. This information was extracted on 03/25/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Charting!

What Are These Baton Rouge Vote For Amendment #1 To Stay Tax Free Signs About?

The Louisiana REALTORS® Association is supporting a constitutional amendment on the November 19th ballot to prohibit any new real estate transfer taxes in the state.

A vote FOR Amendment #1 on November 19 will…

*Protect your home from double taxation. Most homeowners in Louisiana already pay property taxes. Transfer taxes are simply another tax on the same piece of property.

*Keep Louisiana free from additional taxes, especially those that unfairly target homeowners and homebuyers.

If approved by Louisiana voters, we believe this will be an extremely positive development for residential and commercial consumers of real estate – and good for the overall real estate market and economy in Louisiana.

Monitor this important initiative thoughout the fall at STAYTAXFREE.com. Browse the site for related news, background on the issue, answers to frequently asked questions, and learn how you can get involved.

Free Baton Rouge First Time Home Buyers Seminar November 10 2011 by Access Real Estate Group

First Time Home Buyer Seminar in Baton Rouge. We will cover the current real estate market, the home buying process, credit requirements, loan programs, Seller assisted closing cost, title issues and closing process.

Welcome to the AREG Home Channel! My name is Larry Miller with Access Real Estate Group. I just wanted to take a minute to let everyone know about the first-time home buyer seminar coming up November 10 at 6:30 PM at the Jones Creek library. The seminar is open to the public. It’s free admission, so call our office at 225-756-1919 to reserve a seat just.

To give you a quick overview of some of the topics, we’re going to be talking about ,I’ll be covering the real estate market in today’s environment, some of the things that are involved in the home buying process.

Free Baton Rouge First Time Home Buyers Seminar November 10 2011 by Access Real Estate Group

We are going to have a great lender come in. He’s got to talk about the financial institutions today, what’s going on with that you’ll do you need to do to be prepared to buy a home in today’s market. And then also one of the area’s top real estate attorneys is going to come in and talk about some other things that pertain to that side of the business.

We do encourage you to call our office to set up a reservation seating is limited so call 225-756-1919, and will reserve a seat for you. You don’t want to miss it it’s going to be a great event and we look forward to seeing you there again call our office at 225-756-1919 to reserve a seat. Seating is limited. So thanks we look forward to seeing you there. We’re going to have great time!

http://www.ascensionrealestateappraisers.com/ – Dutchtown Geismar La Housing Market Slowsdown and Corrects Big Time in 2011….at least in Dutchtown Villas Subdivision!

I received an email this week which alerted me to a major slowdown in the Dutchtown Geismar Louisiana housing market, or at least in Dutchtown Villags Subdivision. The trends chart is below and may be too small to read the stats so I enlarged them immediately below.

Now, there are approximately 75 homes in this development, Garden style homes in the 1500sf to 1650sf range. What one recognizes right off is the drop off in sales, from 10 in 2008 to only 3 in 2009, none in 2010 and 3 in 2011. To me, this would appear to be a good indication which shows stability within the development – not much turn-over of satisfied residents. However, since 2008, the Average Sold Price has declined from $192,900 to $170,700 in 2011, which is -$22,200 or -11.5%. The Median Sold Price has declined from $192,750 to $176,000 in 2011, which is -$16,750 or -8.7%. And, in 2009, the Average Sold Price per Sq. Ft. was $122/sf versus only $113.48/sf in 2011, which is -$8.42/sf or -7%.

The Greater Baton Rouge Housing Market Correction and Slowdown I’ve been reporting on in 2011 is real and I don’t expect these numbers to improve anytime soon.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to October 11, 2011. This information was extracted on 10/10/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Author: Bill Cobb, Appraiser Accurate Valuations Home Appraisal Group.

Tags: Ascension FHA Appraisers, Ascension Home Appraisers, Ascension Parish Appraisers, Ascension Parish Home Appraisers, Ascension Parish Real Estate, Ascension Parish Real Estate Appraisers, Ascension Parish Realtors, Dutchtown Villas, Housing Correction

http://www.baton-rouge-real-estate.com/ – Baton Rouge Home Appraisers: Where’s The Bottom For Greater Baton Rouge Housing? Correct Answer Is Based On Local Incomes!

Last week, David Jacobs, with the Baton Rouge Business Report, reported a startling study about how high and out of sync Greater Baton Rouge housing prices are when combined with transportation. The article, Baton Rouge-area household spends 52% of income on housing and transportation, was published on 8/9/2011. In the article or study, the CNT recommends spending no more than 45% and that combining local housing prices with true transportation costs provides “an accurate measure of of the true affordability of housing”.

Other Studies. We also know that according to Core Logic, Baton Rouge is in its’ 9th straight month of home price correction. We also know from the 24/7 Wall Street study that Baton Rouge made America’s 10 Sickest Housing Markets list this month.

We’re In For More Correction. It would appear, based on these 3 studies, that Greater Baton Rouge Housing is in for more correction.

This is my reply below to David Jacobs submitted on 8/10/2011:

I read your Business Report Weekly and wanted to thank you for reporting on this. This has really helped me. Just 3 weeks ago, I was ready to go for a visit to the LSU Real Estate Research Department with similar questions as to where should GBR Housing be priced relative to local incomes? I think this is a foundational question going forward and might possibly shed some light on where the bottom might be in local housing prices in the future. If GBR housing is out of proportion, by how much or by what percentage? Are the current still nose-bleed high housing prices sustainable? Obviously if we asked this question in 2007 from some of the Zachary and ASC $300,000 neighborhoods, the answer today is probably not. $140/sf for new homes wasn’t sustainable across the board. This is why builders like DSLD Homes are having such success……because the insanity in local new home prices from 2006 to 2008 was never sustainable based on local incomes.

As a local home appraiser, I’ve been scratching head all along here wondering WHY local housing is so expensive…..in Louisiana. Baton Rouge has been a wonderful place to grow up and now raise my family, but we’re not California with almost a perfect climate where one would expect high prices. Why are home prices so high here….still in 2011? Even with the modest correction, it would certainly seem that we’re still at nose bleed levels on the pricing of some local housing relative to local incomes. I scratch my head monthly on this issue.

Please understand, I’m not a conservative appraiser. Whatever the housing market’s decision has been, in the form of home sales, I reflect in my reports. However, we’re now about 9 months into this local correction and I’m beginning to think that locals are finally coming to their senses on what they pay for local housing relative to local incomes. There are A LOT of sellers in denial right now, and Hurricane Katrina didn’t help with that at all. It only made it worse. Today, some local Real Estate Agents are hiring me for my Listing Appraisals on their listings that have been on the market for months now, they know are overpriced and they bring me in to show the seller the reality of the local numbers in comparison to sellers perception that their home is worth more.

The chart below doesn’t indicate a huge problem in GBR housing, not like some sour markets in the USA where there’s 3-4 years of supply. However, talk to most appraisers locally and you’ll find that we’re checking “Slow” market for growth or sales and in some subdivision/markets, there’s been such few home sales that it’s become very difficult to complete appraisals for the lack of comps sold within 3 to 6 months, especially under $125,000.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of August 2010 to July 2011. This information was extracted on 8/10/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above.

These are some of the things I’ve been thinking about in GBR Housing since 2007 and going forward. Are we fairly priced or still way out of balance? Yes, the market is correcting back to some sense of sanity…..finally…..and how many more months or years will it be till we reach equilibrium (sanity) based on local incomes.

New Homes Are Still Priced High. I still see a local builder and have them say something like, “This market is killing me…when the market coming back?!”. And that builder just doesn’t get it….that the post Hurricane Katrina builder’s market isn’t coming “back” in terms of such exaggerated pricing. The odd thing here is the LHBA (La Home Builders Association) would probably tell you today that we’re too low for their builders to make a decent profit on local home building. What they experienced in 2006-2008 (unsustainable pricing) and expect in the future just wasn’t/isn’t sustainable.

This is why I believe that new TND in Zachary recently announced will take a decade or more to build out because $140/sf to $200/sf just isn’t what local incomes will support and until local builders understand this, they’ll be more developments started and then finished by DSLD Homes. This is also why I believe that new Wyndam Estates development in Denham Springs with 1600sf homes on “tiny lots” in $190′s or $120/sf will also take much, much longer than expected to fill and should be filled with homes in the $150s to $160s. It’s about market economics and local incomes and the local economics, at least outside of Baton Rouge itself, is in favor of DSLD Homes pricing. Those builders and developers that fail to understand local incomes will continue to have their fledgling developments sold to and finished by developers like DSLD Homes after spending millions to break the dirt.

Bill Cobb, Appraiser

http://www.batonrougelistingsservices.com/ – Greater Baton Rouge Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Tags: pap, pole aerial photography, pole photography, baton rouge, baton rouge real estate, baton rouge homes, Baton Rouge Real Estate, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, baton rouge real estate elevated photos

http://www.videosofbatonrougerealestate.com/ – New Listing in Les Chenier Prairievlille, Home for sale at 17378 Lauren Drive

Very cute home in desirable Les Chenier Subdivision. This home is situated on a large fenced lot. The kitchen has been upgraded with beautiful granite countertops. The main living area features wood flooring and ceramic tile. The master bedroom also has wood floors. The bonus room upstairs is a very special extra. The pool table will remain so you can start entertaining soon after you move in! There is also a seating area that can be used as a theater area as well. Two skylights bring lots of natural light into the bonus room. This home feeds to the most desirable schools in Ascension Parish. Call today for your private showing.

Click Below For More Details!

Tags: Ascension Parish Real Estate, Ascension Parish Homes For Sale, Ascension Parish Realtors, Ascension Realtor Homes, Ascension FHA Appraisers, Ascension Home Appraisers, Ascension Appraisers, Ascension Real Estate Appraisers, Prairieville La, Gonzales La

http://www.ascensionrealestateappraisers.com/ – Ascension Parish Home Appraisers: The Lake At Twin Oaks Home Price Trends May 2011 Report.

According to the charting below, the Average Sales Prices have remained fairly STABLE each year since 2008. The Average Sales Prices have ranged from $390,000 in 2008 based on 2 sales to $390,000 in 2010 based on 4 sales with no MLS reported sales in 2009 or 2011 year-to-date. In 2008 and 2010, the Average Sold Price per sq. ft. were $129.94/sf and $127.89/sf.

Current Listings. Three (3) current listings, 2 active and 1 pending from $374,800, $575,000 and $475,000, priced very high from $145/sf, $151/sf and $154/sf. The term “very high” is used here because the local housing market is in its 8th month of home price correction per CoreLogic and the chart above shows support for $128/sf in 2010. This pricing above is $17/sf to $26/sf above 2010 support. Wow! There may be market support in 2011 for such pricing, not exactly sure! I’d strongly recommend a Pre-Purchase Home Appraisal before overpaying for Greater Baton Rouge housing as we continue to correct locally.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to May 31, 2011. This information was extracted on 5/31/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/