Monthly Archives: March 2018
Renter Demand for Houses Puts Upward Pressure on Prices in New Orleans
New Orleans investors, take note: Now might be a good time to purchase a single-family home and turn it into a rental. It’s getting more and more expensive to rent a house rather than an apartment in some of the largest U.S. metro areas, and New Orleans is one of the three markets, along with... Read More
New Orleans Spring 2018 Real Estate Outlook
Buying a house or a condo in New Orleans? The U.S. housing market Spring 2018 outlook paints an overall positive picture, predicting strong activity, high demand, and modest home price appreciation. For New Orleans, it also means robust housing development, including the continuing condo boom, the rising popularity of the suburbs, and more millennials becoming... Read More
Reimagining “Under the Bridge”
The proposed Claiborne Corridor Cultural Innovation District aims to transform 19 blocks into a green marketplace that could attract businesses and revitalize the area. The Claiborne Corridor is the area surrounding Claiborne Avenue, a major thoroughfare through the heart of New Orleans. Claiborne spans the city, from Jefferson Parish in the west to St. Bernard... Read More
A Bicyclist’s Guide to Getting Around New Orleans
With its flat terrain and beautiful sights, New Orleans has a strong culture of biking, supported by ongoing street repairs, the city’s new bike-share program, new roadway ordinances, and increased awareness of bicyclists on the road. New Orleans has renewed its commitment to bike riding since Hurricane Katrina, through measures such as rebuilding roads, opening... Read More
Disclose Dat
What New Orleans Homeowners Must Disclose to Potential Buyers (and What They Don’t) Since Hurricane Katrina, the housing market has been rebounding in New Orleans and throughout the state of Louisiana. But before a property can be sold, state law requires that all sellers, including those in New Orleans, make certain disclosures to potential buyers... Read More
Architectural Styles of Homes in the French Quarter
The three predominant styles of today’s Vieux Carre are Creole townhouse, American townhouse, and shotgun. The buildings and architecture of the Vieux Carre (the French Quarter) reflect its 300-year-old history and melting-pot heritage. From beautifully restored Creole cottages to crumbling shotguns to well-preserved American townhouses with wrought-iron wraparound balconies and lush courtyards, the neighborhood represents... Read More
Recent Tax Overhaul a Major Win for New Orleans Real Estate Investors?
How Landlords Can Take Advantage of Benefits the Tax Law Provides The recently passed Tax Cuts and Jobs Act doubles the standard deduction to $12,000 for individuals and $24,000 for joint filers and drops the corporate tax rate from 35 percent to 21 percent. It could also prove to be a winner for New Orleans... Read More
How to House Hunt in a Seller’s Market
How to Play the Game Differently — And Smarter — To Win Your NOLA Dream Home A seller’s market is one in which there are more potential buyers than there are homes for sale. Following the law of supply and demand, this means that there will be fewer homes on the market, they will generally... Read More
Mid-City, New Orleans Real Estate Boom Continues to Strengthen
Infrastructure Improvements Pay Off for Investors Investment in transportation and recreation in Mid-City is paying off for property owners, with continued increases in property values appearing likely for those considering making a purchase in the neighborhood. After four months, construction of the Regional Transit Authority’s Cemeteries Transfer Center Project at Canal Street and City Park... Read More