New Orleans housing prices in the future

The bubble has to burst. The current prices are absolutely insane

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C) Remain stable (based on their current level),

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But honestly if I knew I'd be rich af

Probably will keep going up.

Hipsters from the west coast and northeast still think its cheap. And daddy is paying their way

C until the O&G industry returns then D.

If the crime peoblem is not resolved, the real estate will go with the city. There's a reason more and more people are moving across the lake.

Because crime has never been an issue until now right? Plenty of people are moving into the city, I can count 5-6 good friends just this year.

LINK

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Hundreds of new apartments have opened in downtown New Orleans in converted office towers and the newly built South Market District, adding supply on the more expensive side of the market. More renters are turning to home ownership, local market observers say, while layoffs in the oil and gas industry and the exodus of the movie production industry also have siphoned demand. Some rental property owners who have enjoyed top rents in pricey neighborhoods such as Uptown and the Warehouse District in recent years are now finding it tough to find tenants and lowering their rates, real estate agents say.

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It's been years since I've seen WHD places for rent for under $1200 that include parking, but there's three on craigslist right now. And I think that the state's economy could get pretty bad off once we have to start paying for that Medicaid expansion (2019?) if oil doesn't rebound.

But not as far as "neighborhoods" go. No new subdivisions, that's what I was getting at.

I'm a builder. The prices will continue to rise. There's a swamp and lakes surrounding NOLA. We can't make more land. As long as New Orleans has a healthy economy, people will continue to move there, the prices will continue to rise. I build on the NorthShore and we sell a shite load of homes but the inconvenience of a 45 min commute still pushes majority of people to live in Metairie/Kenner.

Inflation is very real and Nola has all but hit a cap on locations to build, homes in nice areas will continue to be at a premium.

The supply cannot grow anymore and the demand will continue to increase.