Alex Peet Real Estate
The following Orleans and Jefferson Parish multifamily market data is taken from our local MLS and primarily consist of market stats for two to four unit multifamily properties. Since mid-2022 the multifamily market has faced challenges from rising interest rates coupled with property insurance increases. As the following stats show, these challenges have negatively impacted […]
Dear Friends, I’m a bit late to the mid-year market update this go around, so let’s call it a year to date market update. What follows is, as usual, a look at market stats for single-family homes in Orleans Parish and then a deep dive into single-family stats in Uptown and Bywater as well as […]
Dear Readers, for those of you who are current or aspiring real estate investors, I thought you might benefit from some data on residential rents in New Orleans. So below I detail rents for one and two bedroom units in different parts of the City. The data is pulled from MLS and covers unfurnished one […]
Dear Readers, below I lay out the end of year data on the Orleans and Jefferson Parish multifamily markets. This data is pulled from MLS and is comprised mostly of small multifamily, i.e., duplexes, triplexes and four-plexes. I hope you find the information helpful. Please contact me with any comments or questions. In Orleans Parish, […]
Dear Readers, the data on the 2023 New Orleans housing market has been released, and I have compiled much of it for you in the blog post below. Safe to say, 2023 was a challenging year in our market. High interest rates combined with elevated insurance costs (both homeowners and flood) led to a decline […]
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 […]
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 […]
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 […]
