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Louisiana's Real Estate Market is different - our Values are Increasing!
Viewpoint: Louisiana's real estate market is healthy  
Mark Rodi tells the Baton Rouge Business Report in the latest I 10/12  : 
While the nationwide economic picture is less than encouraging, Louisiana has been fortunate to avoid most of the difficulties that many parts of the country are experiencing, particularly in real estate. Our foreclosure rate is among the lowest in the nation, employment numbers are strong, and real estate values are being sustained. In working with our local boards of Realtors across the state, we are encouraged by the fact that our residential and commercial markets are holding their own.
This is especially true along interstates 10 and 12, where economic growth continues to flourish. Of the twelve parishes in Louisiana with population expanding at or above the national average, eleven are along the 10/12 corridor. The Lake Charles, Lafayette, Baton Rouge and Northshore areas, bolstered by high-tech industry and an expanding retail sector, are experiencing job growth and maintaining strong real estate markets.
An important thing to remember is that real estate is highly localized. While we are seeing homes staying on the market longer than usual in Louisiana this year, properties are retaining their value very favorably compared ... more

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