The price of a home in Baton Rouge fell by 1.3% in October when compared to the year before, according to First American CoreLogic’s Home Price Index. That’s better than the 3.1% decrease reported statewide and the 7.8% drop in the national index. The HPI continues to project a spring recovery in the U.S. housing market; by October 2010 Baton Rouge home prices are expected to be up by 2.35% and on the state level, a 2.5% increase is projected. California cities hard hit by the housing bust are expected to see the most significant increases, with San Francisco on tap for 5.7% price growth and Los Angeles projected to improve by 5%.
B.R. home prices drop
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
