Real estate report shows the metro is seeing growth
The Greater New Orleans Multi-Family Report for the first half of the year is out, and it points to continued growth in our area. Overall the metro rental market is “very healthy” says Larry Schedler, the head of Schedler and Associates, one of the firms that puts the report together. “We’re averaging about 93% occupancy,” […]
America’s New Frontier For Business Opportunity
They say that the view from the bottom is often the reason – the inspiration – for getting back up. For Louisiana, the view must have been coming from very low ground and looked overwhelmingly bleak, because the state has made a dramatic economic transformation over the recent years, after decades of experiencing a great […]
Local impact of record low mortgage rates uncertain
Freddie Mac today announced that 30-year fixed-rate mortgages have hit an all-time low at 3.4 percent. That’s down from 4.01 percent this time last year.
New Orleans Multifamily Market
The world knows New Orleans for its great cuisine—and every great meal starts with a great recipe. If you were to create a great apartment market recipe, it would include an improving job market, a shift from single-family ownership to rentals, a slowdown in new construction, tightening of credit, the lack of developable land and a dash of community resistance.
Downtown Renaissance
The rebuilding of New Orleans has resulted in an influx of new urban product—and a renewed interest in downtown living.
Multifamily Matters
Throughout the Southeast, the multifamily market is making a strong recovery. Overall occupancy rates average in the 90 to 95 percent range, and a lack of new development is driving rent up.
In The Rafters
The closer apartments in the New Orleans area are to retail centers and the jobs of people who rent them, the more likely it is they will be occupied.
N.O. Rental Market Called Solid
Apartment broker Larry Schedler and investment banker Mark Madderra said that despite some short-term bumps, the long-term prospects for the local apartment market are strong and opportunities exist to bring new types of rental housing to the New Orleans area’s largely older rental market.
Big Easy Shifts
People have always been attracted to New Orleans because of how many city elements are just as they were years ago—from the oak-lined streets to the Victorian mansions along St. Charles Avenue.
Apartment occupancy stabilizing in metro area
A survey of apartment occupancy in the New Orleans area shows the downward trend in rentals may be coming to an end.