Dear readers, as you know, we are now halfway through 2023. So, as is tradition, I wanted to provide you with this update on where things stand in the New Orleans real estate market. We have been in an environment of rising interest rates and increasing insurance costs for over a year now. During this […]
New Orleans Real Estate Market Update – End of Year 2022
In 2022, events in the New Orleans real estate market were similar to, but in one important respect different from, what was happening in other markets around the country. Interest rate increases by the Federal Reserve led to a rapid doubling of mortgage rates – from an average 30 year fixed rate of 3.5% in […]
New Orleans Real Estate – Third Quarter Market Update
As we’re now nearing the end of the third quarter of 2022, I thought it was time to revisit local market data and offer an update on where things stand in the New Orleans housing market. Circumstances have changed considerably since my last post, as interest rates have gone from around 3.2% at the start […]
Buying a Condo in New Orleans the Right Way
Before purchasing a condo in New Orleans, it will serve you well to have a handle on how to conduct proper condo due diligence. Condo due diligence differs from single-family home due diligence in that you’re not just looking at the physical condition of the property; with a condo purchase, you should also concern yourself […]
New Orleans Property Taxes – Tax Rates, How They’re Calculated, and More
If you’re thinking of buying real estate in New Orleans, you probably have some questions about property taxes. I’ve dug into the arcana of New Orleans property taxes, and I attempt to provide an overview and answer basic questions below. I hope you find the information helpful. Please contact me at 504-407-9012 or at apeet@latterblum.com […]
New Orleans Real Estate Market Update – 2021 Review
As we begin 2022, I’d like to offer a look back at the data on residential real estate sales in New Orleans for 2021. Anyone who follows the news knows that the housing market in the U.S. as a whole, particularly the single-family market, has been on a tear since a couple of months after […]
New Orleans Real Estate Market Update
If you follow the local news or our local real estate market, then perhaps you know that the New Orleans metro area housing market is booming. Supply is low, demand is high, and some sellers are getting multiple offers within a day of listing their home. It’s not clear how long this boom will last, […]
Top 5 Things First-Time Homebuyers in New Orleans Need to Know
For first-time homebuyers in New Orleans, the process of purchasing a home can be daunting. There are many steps to the process and several important decisions to be made. In an attempt to assist you at the outset, I’ve listed below the top five things first-time homebuyers in New Orleans need to know. MARKET MINUTE […]
