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B.R. Business Report & FACL: Baton Rouge Home Prices Down Slightly

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report & First American Core Logic: Baton Rouge Home Prices Down Slightly

baton rouge real estate appraisers housing trends

(In this example above, this Baton Rouge Housing Market in 70815 has experienced more than just a slight decline in median sales price and an oversupply of competing housing. Parameters are the 1900sf to 2400sf living area size range)

The Link is Here! Here’s a snippet of from the report:

A new report says Baton Rouge home prices dropped 0.41% in August from the year before. First American Core Logic says the local Home Price Index was down from August 2008, after a 0.8% increase in July. That local decrease is much better than the 10.1% drop reported in First American’s national index in August. Louisiana’s index was down 3.9% during the month. First American predicts U.S. home prices will hit bottom in March, because of the increasing number of homes entering the foreclosure process and the expiration of a tax credit for first time homebuyers — although members of Congress are working to extend the credit into next year. By August 2010, First American projects the home price index will be up 4.6% nationally and 0.51% in Baton Rouge.”

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