Low interest rate, rising prices, and cash-laden investors spell trouble for first-time homebuyers in Baton Rouge
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BATON ROUGE, La. (WAFB) - It’s what you call a seller’s market right now in Baton Rouge. Homes sometimes are selling in less than a couple of hours. And while that’s good if you’re trying sell, it’s keeping many out of the market.
Patrika Cassie and Davonte Martin thought they had found their dream home.
The young couple had been looking to buy their first house. Low interest rates were enticing and the couple had finally saved enough money to pull the trigger. They had a modest budget of $230,000, which they thought would be enough until they started making offers.