Home values in the United States have fallen 14% from the first quarter of 2008, but New Orleans is going against the trend. The average home value in New Orleans was virtually unchanged, with a 0.2% increase, to $156,000, according to a Zillow Real Estate Market Report. The report, which measures home values in 161 metro areas (but doesn’t include Baton Rouge), says the average home value in the first quarter was $182,378. About a dozen metro areas saw values go up in the first quarter, with Fayetteville, N.C., serving as the biggest gainer. Home values there were up 14.4%, to $118,121. Salinas, Calif., was the biggest loser, posting a 36.6% decline in home values, plunging to $301,793. See the full report here.
N.O. bucks trend of declining home values
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