29 November 2010 ~ Comments Off on 10 States Where Home Prices Have Actually Risen Over The Last Year (#5 Louisiana)

10 States Where Home Prices Have Actually Risen Over The Last Year (#5 Louisiana)

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The Huffington Post

November 29, 2010

The national housing picture is grim, but the local picture isn’t quite so dreary.

U.S. home prices fell 1.6 percent in the third quarter and 3.2 percent from the year prior, according to new data from the Federal Housing Finance Agency. But in a handful of states, home prices have actually registered impressive, year-over-year gains, lead by unexpectedly bustling regions like North Dakota, West Virginia and Louisiana.

FHFA’s index is calculated based on the purchase prices and refinancing of mortgages covered by Fannie Mae and Freddie Mac. The index does have its limitations: it only considers “conforming mortgages.” For mortgages purchased since the beginning of 2006, the conforming loan limit was $417,000. In 2007, it was raised to as much as $729,750 in certain states.

The expiration of the first-time home buyer tax credit helped push home sales to record lows, Bloomberg noted. (One analyst expects home prices to fall another 8 percent by next year.) Still, home prices in the below markets seem almost unaffected by the housing downturn. Check out the states where home prices have rebounded over the last year:

#5    Louisiana

Year-Over-Year Home Price Appreciation: 1.68 percent
Quaterly: 1.12 percent
Five-Year:16.2 percent

http://www.huffingtonpost.com/2010/11/29/states-where-home-prices

3316 Florida Ave. Suite 201 • Kenner, Louisiana 70065 USA
Phone (504) 468-6800 •Fax (504) 468-6811

Broker: David E. Gilmore
Licensed By The Louisiana Real Estate Commission
Licensed in Louisiana, Mississippi, Arkansas and Oklahoma
A Division of Gilmore-Braud Companies

Auctioneer: David E. Gilmore
Licensed in: Alabama #1832 • Arkansas #1979 • Louisiana #0447
Mississippi #378/641F • Texas #11136


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