Baton Rouge home prices fell by 1.69% in September compared to a year ago. First American Core Logic says the local Home Price Index was down from September 2008, after a 0.41% drop in August. That’s better than the Louisiana HPI, which fell 4.08%, and the national average, which was down 9.8%. First American continues to project the housing market will hit bottom in March, by September 2010 the Baton Rouge HPI will be up 1.74%, while Louisiana will show more of a rebound, going up 2.24%.
B.R., La. home prices drop less than national average
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