New Orleans Real Estate

New Orleans Real Estate – New Orleans ranks#3 on list of Strongest U.S. Housing Markets

August 13, 2009

In a Businessweek article, New Orleans was ranked # 3 on the list for strongest housing markets in the U.S.  I found this to be great news,  and hopefully yet another positive aspect of the city that will attract businesses and working professionals alike.

The article pointed out that the major reason for such a strong housing market in New Orleans is due to the amount of ongoing construction as a result of government funding, insurance, and private investment into the area because of Hurricane Katrina.  Also, helping matters, was the fact that New Orleans had very few of the risky loans that were seen in other areas now hit hardest by foreclosures.

While Katrina was a tragic and devistating event for many, it is interesting to think that it’s effects have, in some part, allowed the city to survive the downturn in the economy, and still maintain a positive housing market.

Click here to view the full Businessweek article.

 This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.

To search for properties in the New Orleans area, visit the New Orleans area Property Search.

For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com

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Entry Filed under: Housing Market. Tags: chad janusa, Housing Market, new orleans, real estate.