New Orleans Real Estate Market Report September 2009 This market report focuses on Single Family Homes. Sept. 2009 - 1950 properties for sale in New Orleans. -1.4% Sept. 2008- 1977 properties for sale in New Orleans. 197 properties sold in New Orleans in Sept. 2009. 44.9% 136 properties sold in New Orleans in Sept. 2008 . The average price for sold properties was $201,000 in Sept. 2009. -1% The average price for sold properties was $203,000 in Sept. 2008. The average days on market for sold properties was 85 in Sept. 2009. -19.8% The average days on market for sold properties was 106 in Sept. 2008. You may also be interested in: New Orleans Real Estate - The Definitive Blog ______________________________________________________________ This New Orleans real estate market report was prov... 10/15/2009

Credit Scores Drop I read a interesting/disturbing article this morning about credit scores dropping.  Take a read if you can: Credit Scores Take a Hit The article is not focused on New Orleans citizens, but rather the nation as a whole.  It outlines how many individuals are seeing their credit scores drop...THROUGH NO FAULT OF THEIR OWN!!! People work so hard their entire lives to pay bills on time to keep their credit score high and now banks are causing their credit scores to fall.  What are the banks doing to cause this? The article outlines three reasons: Cutting Credit Card Lines - Banks are systematically reducing the amount of credit they have on their books by cutting credit limits.  The article states that by the end of 2010, banks will have cut about half of all available cre... 09/22/2009

Mortgage Market Conditions in Louisiana So we all hear about the bad mortgages and foreclosures around the world on the nightly news.  There are always stories about families losing their homes to foreclosure since they are now unable to pay their sub-prime mortgage.  I hear these stories as well, but I wondered why Louisiana has been somewhat sheltered from the worst.   I did a bit of research on our mortgage market and found some helpful info that may explain (at least in part) why we have been able to avoid huge foreclosure numbers. Based on  a report created by the National Association of Realtors in 2008, these statistics give a snapshot of the mortgage market in Louisiana: 44% of homes are owned free in clear - 32% is the national average Sub-prime exposure is 8% - 9% is the natio... 09/21/2009

Great apartment close to the Universities.$1,000 a month. 2 bedroom. 1 bathroom. 1 bonus room You may also be interested in: New Orleans Real Estate - The Definitive Blog __________________________________________________________________________ This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at darrylglade@remax.net or by phone at 504.451.8960. Darryl's real estate office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District. For New Orleans and the metro area real estate info, please see New Orleans Real Estate. To search ... 06/11/2009

New Orleans Real Estate - Learn more about FHA-Insured Mortgages Today's New Orleans Real Estate blog post is all about FHA-Insured Mortgages. With the credit market as tight as it currently is, it helps to understand all of your options...and FHA is a very strong option. According to Realtor.org, since FHA was created in 1934, it has helped over 34 million families buy a home. First of all, FHA stands for Federal Housing Administration. So, what does FHA actually do? They basically insure mortgages backed by banks and other lending institutions and because these loans are backed (insured) by the U.S. Governement, banks are able to extend loans to more of the community. Since the governement backs the loans banks are willing to give loans to applicants with perhaps less than perfect cre... 05/26/2009

New Orleans Real Estate - Top 10 Tips/Steps to Sell Your House 1. Commitment - You must be committed to selling.  In today's market, you will be competing with sellers who want or even need to sell and if you have a take or leave it attitude you will NEVER sell your house. 2.  Field a Great Team - Hire a great Realtor. Remember, not every Realtor is for everyone.  The top producer may not be the one for you. Feel free to interview a few Realtors until you find the one you believe can best represent your interests.  How will they market your New Orleans property? Will they aggressively market on the Internet? Do they create videos? Do they answer the phone when you call? Are they responsive to your needs? 3. Prepare your House - Buyers tour houses looking for reasons to NOT buy them. Try... 03/24/2009

6222 S. Tonti - Lease - $1,000 a month This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at darrylglade@remax.net or by phone at 504.451.8960. Darryl’s real estate office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District. 12/15/2008