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Posts Tagged ‘Downturn’
Real Estate Appraisers: Age and makeup of your neighborhood can determine home value loss!
10/02/2009 | 
Author http://www.realestateappraisertips.info/ – Real Estate Appraisers: Age and makeup of your neighborhood can determine home value loss!
This home at 10305 Welbeck Court. In Westchase, some home values have dropped a little – and some a lot.
Shannon Behnken, with the Tampa Tribune, discusses how “Age and makeup of your neighborhood can determine home value loss”. The article is located here. Here’s a snippet:
“Data show that home values can vary widely, depending on the neighborhood, the age of the home and the economic stability of neighbors.
No Tampa Bay area neighborhood is immune to this housing downturn, but some neighborhoods are suffering more, housing professionals say.
“In general, areas that had minimal decreases have been around for some time and were not as susceptible to investors,” said David Teacher, a property appraiser with Superior Residential Appraisal Services Inc.
Even in those neighborhoods, however, there are exceptions.”
REAL ESTATE APPRAISERS…..WHAT’S YOUR EXPERIENCE WITH THIS ISSUE?
Baton Rouge Business Report: Louisiana holds up better than most in recession
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report: Louisiana holds up better than most in recession
Source and Article: Baton Rouge Business Report
Here’s a brief snippet:
“When Louisiana Gov. Bobby Jindal touts the state’s job market and New Orleans Mayor Ray Nagin sells his city as one of the best places to ride out the recession, it’s not just routine boosterism. In the midst of a severe nationwide downturn, the Louisiana economy is holding up better than most. It’s a role reversal from a few years ago, when Louisiana was one of the country’s weaker states financially following the destruction caused by Hurricane Katrina.”
Posted in Baton Rouge Economic News, Baton Rouge Real Estate Appraisal | 
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