LA: New Orleans’ Rent Prices Falling

New Orleans housing market is in better shape than much of the nation’s, and what renters may see as good news, real estate investors may see another way.

Even though nationally rents are rising on all types of housing with some markets seeing rent jump 10-15%, here in the metro area there’s a very different story.

New Orleans real estate consultant Dr. Wade Ragas says occupancies in the metro area are actually falling, but for mostly good reasons. “Because house prices are affordable and we have still a pretty good economy without high unemployment rates.”

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