B.R. home prices continuing to rise

“After posting a slight drop, Baton Rouge home prices are continuing to rise above 2008 numbers. Capital Region home prices rose by 1.74% in June, when compared to the year before, according to First American CoreLogic’s LoanPerformance Home Price Index. That’s better than the 7.8% decrease reported in the index nationwide. June’s numbers come after Baton Rouge home prices were down 1.61% in May, compared to May 2008. Louisiana’s index was up 0.6% in June, the sixth highest gain of any state. West Virginia saw the biggest increase, with the index going up 3.35%. Nevada and Florida had the biggest decreases in home prices, with the index showing drops of more than 25%. First American bases its Home Price Index on public records sources such as property sales, tax assessments and mortgage filings.”

Not tooting my own horn, but I am busier now that I have been in a very long time, as are MANY other agents.  It is a great time to purchase in  Baton Rouge and surrounding area’s. While there are SOME financing difficulties that can arise, don’t let that discourage you from jumping at a GREAT opportunity!

Tim Houk