In an interesting piece of news, foreclosures are down 23% statewide.  Compared to 28% increase nationwide, we are faring quite well!  While I personally don’t think we have seen the worst of it yet,  in Baton Rouge and surrounding areas,  it is a good sign that our market won’t be overwhelmed – hopefully. I do hear that we will begin to see a lot of incomplete homes coming on the market from builders and contractors who are are behind and carrying too much inventory.  I also see a lot of investment property coming available as well.  Investors this is the time to move.

Read the article here

Tim Houk