How is Baton Rouge Real Estate Doing?

If I'm asked anything as a realtor, I'm asked what I think about what direction the local housing market is going in terms of value. My answer is always positive because from what I see in the market, the Baton Rouge metro area simply isn't feeling the pinch being experienced elsewhere in the nation.

The forecast for home prices going up in Baton Rouge is milder, though, at 4.1% when compared to other Louisiana markets. That's largely due to the fact that Baton Rouge home prices have rallied substantially ever since Katrina, perhaps in greater measure than the rest of the state. Click HERE to see a current forecast of the various Louisiana markets along with analysis.

People I talk to still have the jitters that the impact the housing market nationwide is going to create a domino effect for Baton Rouge. But the folks at HousingPredictor.com seem to think that the U.S. has already turned the corner on the softening housing market. According to that website:

The tide is turning and the worst may be over in the national housing market slowdown, according to the latest assessment by Housing Predictor. The real estate slowdown experienced in the majority of the U.S. is signaling a change.

Housing Predictor continually updates its more than 250 local housing market forecasts in all 50 states, and at least 18 states now have housing markets that are appreciating, many with increased sales volume as a result of lower prices than in 2006.

Overall 56% of the nation's housing markets are appreciating or have stabilized, according to the study. Ten states are experiencing markets that are stabilizing.

Just in cases you were wondering, Louisiana is indeed one of the 18 states in the nation with appreciating values. To see just what HousingPredictor.com is saying about the state of the nation's real estate market, click HERE.