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New Orleans Condos As Good Investments
 

With many market soothsayers predicting the end times, it can certainly rob one of enthusiasm for home buying at this murky juncture.  While the doomsayers are more prevalent in recent months, this cacophony of negativity is not necessarily accurate, particularly in regards to specific markets, so it is always worth your while to do some research to find out the truth of the situation.  To this purpose, respected Business journalist Kate Moran recently wrote an interesting article concerning condominium values in New Orleans:  http://www.nola.com/business/t-p/index.ssf?/base/money-1/1227083470157010.xml&coll=1 
In case you don’t want to take the time to read Ms Moran’s piece, I will point out the highlights as well as throw in my own insights on her major points.
1). “Condominium prices in greater New Orleans defied national trends with a robust performance in the third quarter of the year, rising 7.7 percent even as most major markets remained in the vise grip of the real estate downturn.”  Wow.  This is good news for New Orleans and more evidence that New Orleans’ is a different kind of city that marches to the beat of its own zydeco band, and whose economic outlook does not always reflect the national picture.
2). “…sales ... more

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