Ascension Parish Real Estate Buzz

Fannie Mae: Economic Growth Likely to Accelerate – Rising Interest Rates a Risk, But Housing Expected to Remain Resilient

"We continue to expect an acceleration in real gross domestic product (GDP) growth and employment in the coming months as vaccinations progress further, warm weather arrives, and the recently passed stimulus bill takes effect. Home sales are likely to be minimally affected by rising mortgage rates to date, though a further jump in rates is a risk..."

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Economic Growth Likely to Accelerate – Rising Interest Rates a Risk, But Housing Expected to Remain Resilient | Fannie Mae We continue to expect an acceleration in real gross domestic product (GDP) growth and employment in the coming months as vaccinations progress further, warm weather arrives, and the recently passed stimulus bill takes effect. Home sales are likely to be minimally affected by rising mortgage rates to...

Baton Rouge home sales mirror national trends

"Baton Rouge was among the cities with the largest gains in sales, according to Redfin, with sales rising 26%. Other cities with similar gains include Bridgeport, Connecticut, (38%) and San Jose, California, (33%)."

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Baton Rouge home sales mirror national trends - Baton Rouge Business Report The national median home sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013, according to a new report from real estate brokerage company Redfin. Closed home sales were up 5% from a year earlier and pending sales were up 21%. New listings fell 16%...

"Even before the coronavirus pandemic and the economic recession it triggered happened, the Baton Rouge metro area was reporting a reduction in the gross domestic product, bucking a statewide trend."

Baton Rouge was losing GDP even before the coronavirus pandemic; bucking statewide trend Even before the coronavirus pandemic and the economic recession it triggered happened, the Baton Rouge metro area was reporting a reduction in the gross domestic product, bucking a statewide trend.