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 […]
