More than half of the people who responded to a Real Estate Weekly poll predict the value of building permits issued in East Baton Rouge this year will drop. Thirty four percent of respondents say the values will drop by 5% or less, while 17% predict the values will drop by more than 5%. Twenty percent say the value of permits will stay the same and 17% say the value will go up by more than 5%. Eight percent say the value will increase by 5% or less. More than 75 people participated in the survey. The value of permits issued in 2008 dropped by nearly 38% over the year before.
This week’s question: Are you seeing more activity in the local housing market because of the low mortgage rates?
