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Greater Baton Rouge Among Four Louisiana Housing Markets Named Nation’s Best For Real Estate In September 2009

http://www.batonrougerealestateappraisal.com – Greater Baton Rouge Among Four Louisiana Housing Markets Named Nation’s Best For Real Estate In September 2009

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On Wednesday, September 9, 2009, the Baton Rouge Business Report and Local Market Monitor reported that four (4) Louisiana housing markets were ranked among the nation’s best real estate markets. Here’s a snippet:

A new report says Baton Rouge, Lafayette, Lake Charles and Monroe are four of the U.S. real estate markets expected to perform the best in the upcoming year. Local Market Monitor, which produces the Home Price Forecast for more than 300 cities, says home values should remain level in those cities over the next 12 months. Officials with Local Market say home prices in those cities are lower than the national average, and the effects of the recession have been slight. Baton Rouge, in particular, has continued to add jobs. The markets expected to do the worst include places where there were spikes in home prices and where speculative buying got out of hand, such as Las Vegas, Miami and Modesto, Calif.”

Source: Baton Rouge Business Report PM

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