A Harvard study on the state of U.S. housing says the median single-family home in Baton Rouge was selling last year for just a little more than it did in 2005. The report from the Joint Center on Housing Studies, which used data from the National Association of Realtors, put the median price for an existing home in the Capital Region at $165,000 for 2008. That compares with $161,200 in 2005, $180,000 in 2006 and $181,100 in 2007. The figures were adjusted for inflation, and 2009 numbers for metro Baton Rouge were not available. Home prices in metro New Orleans fell back to 2003 levels, going from $166,500 in 2007 to $153,100 in the first quarter of 2009. Prices in Shreveport, which peaked at $141,200 in 2006, were down to $138,100 in the first quarter. The study says home prices continued to drop in the first quarter and foreclosures rose, despite efforts by the federal government to jumpstart the housing market and keep people in their homes. See the full report here.
Has your business seen its revenue increase in the first half of the year, when compared with the same period in 2009?
Comments
Post a comment
(Requires free registration.)