Slowest Housing Markets - Louisiana has 3/12

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Nothing for sale.....

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tons of stuff for sale in lakeview in new orleans but it seems like nothing is moving

shithole gonna shithole

Insurance crisis and brain drain

Surprised at Lafayette?

I have only spent time on the outskirts while visiting does Lafayette proper have a large section of undesirable areas?

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Insurance in Nola is a huge issue

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It is. And very bad for much of south La. It’s becoming an impossible situation for a lot of these folks. I feel really bad for the old people who have lived in their houses almost their whole lives who now can’t afford insurance

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Insurance in Nola is a huge issue

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Homeowners Insurance in the Greater New Orleans area has reached a crisis point and there's no end in sight.

People were willing to put up with the poor quality of life for cheap cost of living before.

Now NOLA has poor quality of life and a high cost of living. That's a bad situation.

There will be a mass exodus, foreclosures and economic despair if things don't change soon.

The Insurance issue has improved over the last 3-5 months quite a bit fortunately. At least comparatively to a year to 2 years ago

Louisiana suffers from being Louisiana, the areas listed are 3 of the 4 largest incorporated areas in the state so we will notice it there most.

I also think people are still waiting for stability with the rates, not even necessarily a significant drop, just stability. But the housing market although reactionary, it reacts relatively slowly, the trends will lag a little behind the current scenarios until it finally catches up

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Who knew crippling inflation and 7+% 30 year rates would impact the house market?

Craziness, I tell you.

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Is Louisiana the only state facing this issue?

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only for the poors. maybe it gets much of the riff raff out of the city?

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They aren't affected. It's the middle class that leaves.