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re: Help me understand Nola housing market UPDATE
Posted on 7/19/20 at 4:56 pm to beauxkner
Posted on 7/19/20 at 4:56 pm to beauxkner
If anyone is in trouble they are being floated by the massive government stimulus. That or they are in forbearance with their current lender. I think Q1 next year you may start to see pricing dips, as the city deals with no more stimulus packages, and zero tourism due to latoilet prematurely cancelling all events for remainder of year.
1
Posted on 7/19/20 at 5:14 pm to Catchfalaya
Although the City in my opinion will see a dip, a majority of homeowners are not heavily invested in industries most effected by this. I think certain areas will suffer more. For example Mid City may see a significant drop in prices. But uptown is more old money/very wealthy and not as tied to the New Orleans economy. Who knows though. I think Metairie is a better option based upon prices for insurance and basic utilities.
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