Real Estate

High interest rates are usually bad news for homebuilders. But right now, they are actually making new homes easy to sell by compounding a shortage of available real estate, The Wall Street Journal reports.

Pending home sales in the Baton Rouge metro plummeted 66% from May 2022 to May 2023, according to the latest report from Redfin.

After being deferred several months, the Planning Commission this afternoon will consider the final development plan for The Village at Magnolia Woods, a proposed mixed-use community off Highland Road. 

A vacant commercially zoned lot on Summa Avenue near the Red River Bank on Essen Lane was sold for an undisclosed price last week.

Brothers of the Sacred Heart of New Orleans Inc. has purchased the motherhouse on the campus of St. Joseph's Academy from the Congregation of the Sisters of St. Joseph Inc. for $2.4 million, according to property records.

Homeowners in Louisiana will soon be able to apply for $10,000 grants to help bring their homes up to new building code standards that will drive down property insurance premiums, thanks to new funding from the state.

The Research Park Corporation board of directors has decided to extend the lease of the Nexus Louisiana technology park incubator at Bon Carré Business Center for three more years. 

Homebuyers closed 867 sales last month in the Capital Region’s three main housing markets, which is down almost 32% from May 2022, according to the Greater Baton Rouge Association of Realtors. 

The former Winn Dixie property at the corner of Burbank and Lee drives has been leased. 

East Baton Rouge Parish’s City Park Lake dredging effort and the state’s Interstate 10...