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Mortgage rates fall for fourth straight week
The average long-term U.S. mortgage rate fell for the fourth consecutive week and has dropped more than three-quarters of a point since hitting a 20-year high last month.
Baton Rouge housing sails into uncertain seas
The formerly red-hot housing market is in a correction, and it’s anybody’s guess if buyers or sellers will have the upper hand when the dust settles.
Apartment complex near LSU South Gates sells for $1.32M
Bordeaux Apartments, located on Burbank Drive near LSU's South Gates, has sold for $1.32 million, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.
Metro Council to take up Pointe Marie revisions
The East Baton Rouge Metro Council at its zoning meeting Wednesday will take up revisions to the Pointe Marie planned unit development.
Is the Capital Region vulnerable to a housing crash?
The Capital Region’s main housing markets are in the middle of the national pack when it comes to how vulnerable they are to a housing market decline, a new report shows.
Mall of Louisiana’s shuttered Sears Auto Center store sells for $2.7M
The Mall of Louisiana’s former Sears Auto Center location, closed since 2021, has sold for $2.7 million, according to documents with the East Baton Rouge Parish Clerk of Court's office.
Average long-term mortgage rates dip for third week in a row
The average long-term U.S. mortgage rate ticked down for the third week in a row and has fallen more than a half-point since hitting a 20-year high less than a month ago.
Hidden Oaks at Siegen apartment complex sells to New York company for $39.5M
Apartment complex Hidden Oaks at Siegen has been sold to a New York state real estate investment firm for $39.5 million, according to documents with the Louisiana Secretary of State's office.
Baton Rouge-area home prices predicted to rise 7.1% in 2023
Home prices in the Baton Rouge area are predicted to rise 7.1% next year due to an expected 5.1% decline in the number of closed sales, according to a recent report from Realtor.com.
Foot Clinic of Baton Rouge plans to move, but not far
Plans are in the works for the Foot Clinic of Baton Rouge to move from its current location on Bluebonnet Boulevard to a new one to be built about 50 yards away.
Plans in the works for townhome development near Millerville and I-12
Plans are underway for a 73-unit townhome and garden home project near the intersection of Millerville Road and Interstate 12.
Former Hancock Whitney branch on Industriplex sells for $800,000
Hancock Whitney Bank's former branch on Industriplex Boulevard has sold for $800,000, according to documents filed with the East Baton Rouge Parish Clerk of Court's office.
Redevelopment of vacant downtown building on Lafayette shelved
A long-vacant shell of a building in a high-profile section of downtown Baton Rouge is back on the market after the developer decided he couldn’t bring it back into commerce for a price that makes sense.
Developer buys land near Amazon’s Cortana site for new Starbucks
New Orleans-based Dorsey Development has purchased land next to the Raising Cane's on Florida Boulevard, which is also near the site of the Amazon fulfillment center now under construction. Plans are to build a Starbucks at the location.
More US homebuyers turning to adjustable rate mortgages
Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years.
Row of three luxury downtown townhouses sells for $4M
Main Street Townhouses, a row of three luxury side-by-side townhouses on the corner of Main Street and River Road, has sold for $4 million,
Dantin Bruce buys land for Waters at Bluebonnet apartments for nearly $5.6M
Dantin Bruce Development has purchased 14.3 acres of undeveloped, forested land on Bluebonnet Boulevard for more than $5.57 million,
Terraces at Perkins Rowe sells for $41.8M
The Terraces at Perkins Rowe, the 230-unit multifamily apartment complex that sits atop the sprawling outdoor mall’s office and retail spaces, has been sold...
Baton Rouge home sales down 25% in October from a year ago
Home sales were down about 25% in the Capital Region during October compared to the same month last year, the Greater Baton Rouge Association...
Capital Region sees steep drop in mortgage loans, rise in home equity lending
Mortgage lending activity in the Baton Rouge area continues its steep decline, as rising rates batter the purchase and refinance markets.
The number of new...
