What recession? Baton Rouge ranked ninth on a list of the 10 fastest-growing real estate markets, according to Money Magazine and CNNMoney.com. The report says Capital Region home prices are expected to rise by 2.8% this year and 2.1% in 2009. In comparison, home prices are expected to drop in 75 of the 100 biggest U.S. cities. U.S. home values post biggest drop in 12 years: The median U.S. home value dropped 7.7% in the first quarter, the biggest year-to-year decline in 12 years, according to a new report. Zillow.com, an online real estate community, says median home prices have not been this low since the second quarter of 2005 and that more than half the people who bought houses at the market peak of 2006 now owe more on their mortgage than the property is currently worth. The survey looked at home prices in 160 major U.S. markets, but Baton Rouge was not included.
Which of these is your favorite coffee shop?
Comments
Post a comment
(Requires free registration.)