Study finds housing values holding steady in Jackson, Mississippi

Real Estate Agent with Crye-Leike Realtors

Recently, a study was released from the Brookings Institution called the "Metro Monitor" reported on the recession and recovery, prepared by the Washington-based think tank. They looked at six major measures of economic viability which include wages, gross metro product and housing prices and unemployment.  The study was the fourth quarter of 2008 and the first quarter of 2009.

The report stated that no one area has been immune to the downturn but there are areas that have not suffered as much.  All 100 metro areas showed a decline in economic output, with Florida, Michigan and Ohio showing the sharpest decline. 

By comparison, Jackson, Miss saw a 2.9 percent falloff. and unemployment went up on 2.5 percent in the same time period. 

The Brookings study, using the Federal Housing Finance Agency's Home Price Index found that in Jackson housing prices rose .06 percent from the first quarter of 2008 to the first quarter of this year.

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