Louisiana Sees Increase In Home Values

Despite the economic conditions the rest of the country is suffering, Louisiana is one of only 5 states to see home values rise during the past year. Louisiana's home prices as a whole are up 3.1% while the rest of the country fell over 10%. Unfortunately though, Lafayette has seen a dramatic decline with average home prices falling almost 7%. The main reason being according to Phil Hoffman, president of the Louisiana Home Builders Association, is the fluctuations in the oil prices over the past year. Mike Hasten of the Daily Advertiser has the full report.