We have all be bombard with the terrible national news concerning the housing market. In fact the local news media has basically regurgitated the same stats and figures the AP disseminates with very little if any local numbers or content included. In an effort to educated the Baton Rouge public on the true picture of the housing market in our area; the Greater Baton Rouge Board of REALTORS® teamed up with the Capitol Region Builders Association and Growth Coalition to get the word out.
Attached you will see the first print product that we hope puts a clearer perspective on exactly where our fair state stands in all of the housing debacle. As you can see Louisiana is NOT, I repeat NOT, in a down market, in fact we are one of only two states in the country that is expected to show growth in the year 2008. I think it is important to point out that the comparision used in this campagain are the numbers for the year 2007, not 2006 when Katrina had such a huge impact. The only figure that is quoted here that would include the Katrina bump is the 30% increase in value over the last 3 years. If you remove the increase in 2006 and include only our totals from 2005 and 2007; the increase is closer to 7% yearly.
One of the most frustrating and heartbreaking situations I am repeatedly finding myself in lately, is buyers who listened to all of the generalized news and assume it applies to us. This misinformation can be and is costly. The wait and see attitude of the rest of country will cost you money and location in Baton Rouge. That is the true picture of our real estate market today.
For more information on the local campaign please visit: www.LAhomeownership.com. If you would like a printed copy of the attached information or if you would like to discuss your homeownership options please contact me, Shannon Sims at firstname.lastname@example.org or (225)296-7723