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From now until at least the end of 2007, the New Orleans Metropolitan area is in what real estate professionals call a "Buyers' Market". This means, there are more houses than there are buyers. The law of supply and demand tells us that when there is too much supply, there is less demand on that supply. In some price ranges, there is enough supply to sustain buyers for 14 months. That statistic is based on no other buyers joining in the search for property until all of the houses on the market have been sold. A balanced market would be less … (1 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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