Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights the FOMC’s Wednesday announcement of “Operation Twist”. No data releases are out today, but this gives us a chance to look at the market reaction to the FOMC’s announcement […]... Read More
From a parent’s point of view, teenagers never listen. From a teenager’s point of view, parents are not cool and are plainly immature. There is as nothing as exhilarating as living the fast times at Ridgemont High and taking a slack-day off like Ferris Bueller. Being Mean Girls for a few years can also be […]... Read More
Members were asked in the 2011 Member Profile about transactions they had and whether they sold their own listing, another’s listing, or someone sold their listing. Among all members (residential and commercial) the typical member sold 1 of their own listings, 2 of their listings were sold by someone else, and they sold 4 of […]... Read More
After blowout budget deficits, it is understandable that some people want to reduce the role of government. However, now is not the time to reduce the limit on government-backed mortgages, which is a decision set to take place at the end of this month. A recovery in housing is the key to broader economic recovery. […]... Read More
Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims and the FHFA House Price Index. Today’s report on jobless claims is mixed. While the new claims are down 9,000 for the last week, last week’s 4,000 […]... Read More
The August 2011 Realtors® Confidence Index survey reports that housing market indicators were basically unchanged in August: Distressed property sales continued in the low 30 percent range, moving from 29 percent of residential sales in July to 31 percent in August. The percentage of homes on the market for six months or more fell from […]... Read More
Between 2007 and 2011, there were almost 3 million more doubled-up households. According to David Johnson and the Census Bureau data, the number and share of doubled-up households and adults sharing households across the country increased over the course of the recession. The “doubled-up” households are defined as those that include at least one “additional” […]... Read More
For roughly three years, the FHA as well as Fannie Mae and Freddie Mac (the GSEs) have been doing business with portions of the housing market priced higher than they have historically dealt with. The credit crisis made it difficult for borrowers to get mortgages not backed by the government, so the government stepped in […]... Read More
The 60-day delinquency rate in Baton Rouge is down over the 6-month period ending in May as well as compared to the same time in 2010.
While the US shows a steadier and sharper decline, the national 60-day delinquency rate is higher than that of Baton Rouge.
Interested in how your market has performed? See NAR Research’s […]
September is the beginning of tougher months for REALTORS® because fewer homes get closed during the month. The beginning of a school year focuses the minds of parents on the right clothes and supplies for their kids. Most families with school-aged children also prefer not to disrupt the school year by moving to another district, […]... Read More