Metro Baton Rouge home prices rose by 2.75% in December, when compared with the year before. First American CoreLogic’s Home Price Index shows the local numbers are still better than what was seen on the national level, but below that of the state average. In Louisiana, the home price index rose by 3.7%, when compared with that of December 2008. Mississippi, which saw a 4.5% increase in the index, was the only state to do better. A 3.7% drop was seen nationwide. First American says the key to the national index will be what happens in April, when a tax credit for first-time homebuyers is slated to expire. By December, First American projects a 5.12% increase in Baton Rouge home prices over the year before, while a 5% increase is forecast on the state level and a 2.7% rise is predicted nationally.
B.R. home prices up in December
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