An Insiders Perspective

From the Baton Rouge Business Report, 6.10.08:

B.R. housing prices standing strong

A Wall Street Journal analysis of the U.S. housing market since its peak at the end of 2005 ranks Baton Rouge 16th among all metro areas in increased home prices. The median home price during the fourth quarter of 2007 was $172,537, an 11.1% increase over the $155,257 median two years earlier. In contrast, the national average during that period was for median home prices to drop by 8.1%. Salt Lake City saw the biggest increase, 27%, to $232,276 in the two-year period. Santa Barbara, Calif., fared worst, with home prices dropping 26% to $475,832.