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Old 07-09-2012, 08:44 PM
270 posts, read 560,145 times
Reputation: 150


One of the problems with New Orleans is that there are not a lot of corporate jobs. So with the economy is still stagnant, I just do not see New Orleans or anywhere seeing a serious increase in home prices. Will there be a 5% increase, sure I can see that. But I would not expect anymore than that.

The reason for the housing boom beginning in 2002 was because of pay option arm loans which would allow nearly anybody to get qualified for a home. As more people bought homes, the values naturally went up... And then the bubble burst. We won't see that type of boom for a long time, if ever again.

Moderator cut: off topic the only areas of the country that will see some appreciation are areas that have bottomed out since 2006..

Last edited by SouthernBelleInUtah; 07-09-2012 at 10:30 PM..
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