BATON ROUGE TRENDS SEMINAR 2008

For the second year in a row I attended the BATON ROUGE TRENDS SEMINAR 2008. The main focus of Trends is to give an update of what is going on in the Baton Rouge residential and commercial markets. It highlights topics such as financial trends, residential trends, retail trends, and multifamily trends.

As many of us know the financial trend right now seems to be that banks are not lending out money as generously as they once were. This is due to the lending practices that were occurring a couple of years ago that has gotten some lenders in trouble. Underwriting is coming down harshly on buyers, finding a 100% loan in today’s economy is difficult, not impossible. I have seen 100% Rural Development loans (RD) and 100% Bond loans. Even though lenders are being watched closely interest rates are at an all time which makes this the perfect time to buy a new home.

Credit and debit to income will play a major role in qualifying for a home loan. The information at this seminar is great and it sheds great light that Baton Rouge has big growth potential. I encourage people next year to attend Trends it is a great way to find out information for the Baton Rouge Real Estate market, Ascension Real Estate market, and Livingston Parish Real Estate market.