home sales: What's the market like in Monroe and Sterlington, LA? - 08/19/09 08:46 AM
Monroe and Sterlington,LA Housing Market Update August  19, 2009   
How many homes are for sale in Monroe, 71201/71202,71203 and Sterlington, LA 71280?  
As of Aug. 19, 2009, there are 408 homes listed for sale in the Monroe and Sterlington areas, east of the Ouachita River in Ouachita Parish. The average listing price is $205,594.  The majority (230) are 3-BR homes; 112 homes have 4-BRs.
How fast are homes selling and how much are they selling for in Monroe and Sterlington?
From May thru July, 150 homes have sold on average for $156,134. Prices varied, but statistics show that homes sold for 96.63% of the listed price and stayed on the market for 114 days … (0 comments)

home sales: What's the market like in West Monroe and Calhoun, LA? - 08/19/09 08:23 AM
West Monroe / West Ouachita Housing Market Update August  19, 2009   
How many homes are for sale in West Monroe, LA 71291?  
As of Aug. 19, 2009, there are 283 homes listed for sale west of the Ouachita River in Ouachita Parish. The average listing price is $187,792.  The majority (176) are 3-BR homes; 66 homes have 4-BRs.
How fast are West Ouachita homes selling and how much are they selling for?
From May thru July, 155 homes have sold on average for $158,169. Prices varied, but statistics show that homes sold for 96.5% of the listed price and stayed on the market for 121 days before … (0 comments)

home sales: So, what's the market like in Monroe and West Monroe? - 06/10/09 06:16 AM
People ask me that all the time. When you watch TV, you're sure to think that the housing market sucks, and that is true for some areas of the US. But, not all parts of the country are experiencing plunging real estate values. Certainly not here in Ouachita Parish.
Home sales in Ouachita Parish for May, 2009 were slightly down from May, 2008, but the local market is still very stable.   
For the first 5 months of 2009, local Realtors listed 733 homes and sold 443 at an average price of $148,052.  Buyers paid an average of 96% of list price for homes in the … (0 comments)

home sales: No Buyers' Market Here! - 09/10/08 05:37 PM
Sunday's federal takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater availability of credit, experts said. Rates could drop by 1 percentage point from the stubbornly-high 6.39% for a 30-year fixed rate mortgage.
In fact, when 2 local lenders sent rates to me today, I can see that rates are definitely FALLING!!Bankers Mortgage Center (OIB) reports 30 year Conv Fixed Rate at 5.750 % (up to 95% & up to $417,000).Iberia Bank's Conv. Fixed Rate is at 5.875 % while the Rural Development Loan is at 5.5 %.
This should be good for would-be … (0 comments)