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CASTRO REAL ESTATE SERVICES WAS FOUNDED WITH THE GOAL OF HELPING CLIENTS WITH ALL THEIR REAL ESTATE NEEDS, ONE CLIENT AT A TIME.
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2020
In Business Since
195
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Commercial
Windy Gladney’s commercial plans for Burbank recommended for denial
By Holly Duchmann
Planning staff members are recommending that the East Baton Rouge Parish Planning Commission deny local developer Windy Gladney’s proposal to develop some 33 acres off of Burbank for commercial use.
Gladney requested to amend the land use plan for the property from residential neighborhood to commercial use in October, telling Daily Report that he wanted to be part of the expansion in south Baton Rouge, near LSU.
“It’s really more suitable to commercial,” Gladney said at the time. “[I want] the land use to reflect the current area.”
Business Report
Residential
How lowering mortgage rates could change the US housing market next year
By The Associated Press
Several housing economists are projecting that mortgage rates will ease moderately next year, though the forecasts call for the average rate on a 30-year home loan to remain above 6%.
While lower rates could help bring more buyers off the sidelines, the projected declines are unlikely to encourage homeowners who locked in rock-bottom rates two years ago to sell. That sets the stage for the housing market to remain constrained by a low supply of homes on the market, even if rates decline, economists say.
“The costs are going to remain high and we’re going to see a lot of people just choose to sit out,” says Danielle Hale, chief economist at Realtor.com.
Business Report
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