According to RealtyTrac.com only Syracuse,NY has a lower foreclosure rate nationally then Baton Rouge:
Baton Rouge ranks near bottom for foreclosure activity
Baton Rouge was ranked 99th on a list of foreclosure increases for the nation's 100 largest housing markets. The Capital Region had foreclosure filings against .12% of all homes during the third quarter, according to RealtyTrac.com, only Syracuse, NY, had a lower rate at .10%. Baton Rouge remained low despite a nearly 175% jump in the number of foreclosures from third-quarter 2007. Foreclosures were filed against 373 homes in Baton Rouge during the quarter. Stockton, Calif., had the country's highest foreclosure rate, with 3.7% of homes facing seizure during the third quarter. New Orleans was tied for 76th, with .27% of all homes having a foreclosure filed against them. Nationwide, foreclosure filings were up 71% from third-quarter 2007. Foreclosure rates slowed in September, thanks to new laws in California and North Carolina aimed at reducing the pace at which lenders can move forward with defaults.
Wow!!! At the risk of sounding like a cheerleader
; now is truly a great time to buy. The local market is strong, interest rates are great and there is inventory available. If you or anyone you know is in the market please give me a call at (225)767-1999 or drop me an email at shannon@judyburkett.com
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