Peter: Hey Fabian, how’s it going?

Fabian: Peter, you’re on the ELIFIN® Market Minute, my friend. How’s the land market in Baton Rouge?

Peter: The land market in Baton Rouge is pretty steady if you look at long-term value. But as for recent trends, we’ve seen values dip a little bit this year due to crazy construction costs and high interest rates. This has put a lot of young or new developers on the sidelines. However, for the more experienced and established guys, they’re not slowing down at all—it’s business as usual for them. They’ve seen this before and know it’s just a short downturn, so they have to keep working and pressing on. So, that’s the short skinny of it.

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