Month: April 2024

Baton Rouge is the capital of Louisiana and the heart of the state. With over 300 years of history to explore and many modern amenities, Baton Rouge is perfect for future homeowners looking for a mix of the past and present. Homes in Baton Rouge reflect this city’s unique heritage, and as you look for your future residence, you’ll see many buildings with plenty of authentic Southern charm.

Housing Trends

The housing market in Baton Rouge is competitive, with most homes selling in a few months. Single-family homes and condos have both seen a decline in sales, while townhouses have seen an increase in sales. Overall, the housing market trends in Baton Rouge show a decrease in the number of homes sold and their selling prices.

Market Demand

Since the housing market in Baton Rogue is competitive, most homes receive multiple offers. The average home sells for slightly less than its listing price. Popular listings, however, often sell for their asking prices and are typically only on the market for a few weeks.

Resident Migration

The Baton Rouge housing market has seen significant fluctuations in recent years, with many homeowners moving both in and out of the city. Most people looking to move to Baton Rogue are from Lafayette, Louisiana, a city about an hour away. Other top locations people move to Baton Rouge from include Seattle, Los Angeles, Chicago and Atlanta.

Many homeowners also moved out of Baton Rogue. While the majority of homeowners stayed in the city’s metropolitan area, other popular destinations include Las Vegas and Nashville.

School Districts

Numerous school districts make up the Baton Rogue area, giving parents ultimate flexibility when choosing the right school for their child. Some school districts in the Baton Rogue area include:

• Broadmoor-Sherwood
• Highland-Old South
• Mid-City
• North
• Southeast
• Transitional

Climate

Before moving to Baton Rogue, you may want to consider how the weather will affect you and your new home. The main concern for homeowners in Baton Rouge is hurricanes, which can contribute to a high risk of flooding and extreme winds. Given Baton Rogue’s southern location, it’s also at risk for severe heat, with the number of days over 100 degrees Fahrenheit increasing in upcoming years.

Partner With Assurance Financial Today!

If you’re ready to buy a home in Baton Rouge, Assurance Financial is here to help. Since creating our business in 2001, we have made the home-buying experience seamless. Contact us to learn more or apply for a loan today!

Just 20 miles outside bustling Baton Rouge, Prairieville, Louisiana, is a growing city thanks to the petrochemical industry in Baton Rouge that has brought many new jobs to the area. This charming city offers newly built suburban housing with direct access to the 18-mile Bayou Manchac.

Before calling this beautiful southern city home, you may want to do some research on current Prairieville housing market trends to ensure you have the best chance of finding and buying your dream home:

Market Trends

Housing market trends in Prairieville have experienced some fluctuations over the years, but most homes sell in Prairieville after a month or two on the market. The most common houses sold in the area are single-family homes.

Housing Demand

Given Prairieville’s competitive market, most homes receive multiple offers. The average home sells for just below the list price. Popular homes often sell in less than two weeks and for the list price.

Resident Migration

Prairieville has seen many of its residents come and go over the past year. However, most people remain in the Prairieville metropolitan area when they move. Many people looking to move to Prairieville are from major cities such as Los Angeles, Dallas and Washington, DC.

Some homeowners also looked to move away from Prairieville and the metropolitan area and move to cities like Las Vegas, New Orleans and Tampa.

School Districts

Prairieville is part of the Ascension Parish School district, with international accreditation from Cognia or AdvancED. Students have multiple options for elementary and middle school before they go to one high school for the entire district.

Climate

Like many southern cities, Prairieville has the environmental risk of hurricanes, which cause flooding and extreme winds. However, Prairieville’s flood risk is lower than the national average. Prairieville is also at severe risk from heat due to increased “feels like” temperatures. Like many areas in the region, Prairieville will see an increase in days with temperatures of over 100 degrees Fahrenheit in the next 30 years.

Make Your Dream of Owning a Home in Prairieville a Reality With Assurance Financial

At Assurance Financial, we’re more than the mortgage people — we’re “The People People.” From simplifying the process to offering numerous lending options, we make applying for and obtaining a mortgage the easiest part of buying a home. Our team has years of experience helping lenders find the right borrowing option. Contact a team member today to learn more about our mortgage options or apply for a mortgage!

Lafayette, Louisiana, is at the heart of the state’s Cajun and Creole influences, giving it an authentic and historic identity that contributes to the vibrancy of this Southern city. From a rich culinary scene to a thriving arts scene, Lafayette combines some of the best elements of the South with a modern perspective.

Given this city’s vibrant history, it’s no wonder so many of its homes reflect this heritage. Whether you want an older home with plenty of character or a more modern build, plenty of options are available to make it easy for you to call Lafayette home.

As you look at potential homes, you may also want to look at housing market trends in Lafayette to ensure you can navigate the market as stress-free as possible.

Trends in the Lafayette Housing Market

The housing market in Lafayette has seen numerous fluctuations and has become competitive in recent years, with many homes selling in less than a few months. Current trends show that the median sales price of homes has decreased, with the median price per square foot increasing.

Current Housing Demands

Most homeowners receive multiple offers on their homes before selling. On average, homes sell for slightly less than their asking price and sell in less than two months. Most popular homes sell closer to their list price in just over two weeks.

Schools in Lafayette

Lafayette is part of the Lafayette Parish school system, which is one of the largest school districts in the state of Louisiana. Residents of Lafayette can only take advantage of school choice if their child currently attends one of the following schools:

• Alice Boucher Elementary School
• J.W. Faulk Elementary School
• Dr. Raphael Baranco Elementary School

There are several schools in the Lafayette Parish School District, with 25 elementary, 12 middle and eight high schools.

Lafayette’s Climate

Lafayette is close to the Gulf of Mexico, which places it under a moderate flooding risk and an extreme wind risk during hurricane season. Lafayette is also under an extreme heat risk and in the next 30 years, it will see a sharp increase in days over 100 degrees.

Find Financing That Works for You With Assurance Financial

Since the creation of Assurance Financial in 2001, our goal has been to create a seamless financing experience. Our team is here to help you find a loan option that best fits your needs, and we will handle the entire process in-house to make it smoother. Whether you need a conventional loan or want to explore other financing options, we’re here to help you buy the home of your dreams. Contact us to learn more or apply for a loan today!

Purchasing a home in Lafayette, Louisiana, can be an excellent investment and fulfilling life choice. Here are some reasons buyers choose Lafayette.

Cost of Living

Lafayette is an affordable place to live, resting more than 10% below the national average cost of living. Housing, utilities and groceries are all more affordable than average, and there are ample job opportunities to fund your expenses.

Economic Growth

Lafayette’s economy is healthy, offering gainful employment in numerous industries. Residents earn a living working in information technology, health care, finance, hospitality, tourism and other fields. The oil and gas industry is also a prominent contributor to the local economy due to Lafayette’s proximity to the Gulf Coast. Researchers expect the job economy to continue its growth after outperforming projections in recent quarters.

Weather

The Louisiana weather is another reason to consider purchasing a home in Lafayette. The city experiences plenty of warm, sunny weather throughout the year. The lowest you’ll see the temperature drop in the winter is between 40-50 degrees Fahrenheit. Rain is fairly common, and it often comes in heavy storms, so use your sunny days to explore the outdoors. All things considered, Lafayette is warm enough to save on heat, but you’ll need to power an air conditioner for most of the year.

Activities and Entertainment

The Lafayette community offers plenty of fun activities for people of all ages. The bustling city has an incredible variety of food choices, a spirited art scene and a rich network of historical sites. People in Lafayette share their diverse cultures in ways that feed the city’s soul. You’ll find opportunities to attend festivals, concerts and other events that celebrate the characteristics that make Lafayette’s community strong.

Lafayette is also a fantastic city for outdoor exploration. A short trip outside of city lines will take you to numerous beautiful locations for hiking, boating and picnicking. Dense swamps and forests cover the land, allowing plant and animal life to thrive alongside Lafayette’s residents.

Housing Market

Beyond Lafayette’s lifestyle and professional opportunities, the area also boasts a robust housing market. Homes are affordable, with the median price hovering around $240,000. Homes often sell for roughly 99% of the list price, so you can accurately gauge your investment by browsing listings. The housing market will likely continue an upward trend, so an investment today will translate to future profit.

Home Financing in Lafayette

Assurance Financial is a mortgage banker with experience in Lafayette’s housing market. We are experts on Lafayette’s economy and housing and are active members of the local community. We can help you move forward with housing opportunities in Lafayette, so contact us online to discuss financing.

Atlanta is a thriving city in the northwestern corner of Georgia and one of the most affordable major cities in the United States. More and more buyers are choosing Atlanta for a few key reasons — the robust housing market offers a dependable and secure entry point into the city’s many lifestyle and economic opportunities.

Access to the City

Buying a home in Atlanta will fill your days with unique experiences and lasting memories. You’ll find eclectic food choices and experiences like local farmers markets, multicultural fine dining and delicious street food. Dozens of museums, parks and entertainment venues fill the Atlanta community, too. The actively expanding BeltLine trail system makes Atlanta easier to navigate every day. The weather is toasty in the summer and mild in the winter, so you can comfortably enjoy the city all year.

Employment Opportunities

As one of the largest cities in the U.S., Atlanta is a hub for business and commerce. You’ll find lucrative job opportunities in numerous booming industries like financial technology, logistics, health care, information technology and manufacturing. Whether moving to Atlanta to jumpstart your career or move upward on the ladder, tapping into this community’s options can help you get started.

Affordability

Atlanta stands out as one of the more affordable major cities in the U.S. Expenses like utilities and groceries are even with or below the national average.

As a major city, housing is still more expensive than you’d find in smaller areas, but the city’s lifestyle and financial opportunities can be worth the investment.

Plus, you receive more livable value for your home investment in Atlanta than other major cities. The cost of housing in Manhattan is 407% above Atlanta, meaning you can purchase a spacious home with a yard in Atlanta for a fraction of the price you’d pay in New York.

Healthy Housing Market

Purchasing a house is a significant investment, so it helps to know the local housing market is healthy. Atlanta’s housing market is diverse and vital. You’ll find numerous properties for sale, including apartments, single-family homes, duplexes, condominiums and more. The median sale price hangs around $375,000 to $400,000 — a figure that has improved due to increased construction that supplements the housing inventory. You’ll build equity through mortgage payments while the property’s value rises over time, bringing a gainful return when you sell.

Applying for Home Financing in Atlanta

At Assurance Financial, we support buyers in search of a home they love and an investment that builds their wealth. Our Atlanta-based loan officers will help you understand your borrowing options and the ways you’ll benefit from purchasing a property in the city that rose from the ashes, so we can assist you when you contact us online for more information.