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Home sales steady, but deliquencies climbing

MIKE BROSSETTE Tri-ParishTimes
Home sales steady, but deliquencies climbing - Home Sales - Real Estate - Housing Crisis - Louisiana


Home prices nationally continue to decline, but prices in the Houma-Thibodaux area are rising slightly, according to data provided by the California-based real estate tracking firm First American CoreLogic.



Foreclosure rates in the area have declined as well, but mortgage delinquency is up, according to the statistics.

The average cost of a home has decreased 22.3 percent in the country since reaching a peak in July 2006, but home prices in the Houma-Thibodaux area increased .45 percent in March 2009 from the same month the year before.

In February, local home prices increased .66 percent from the year before.

Source



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