re: Real Estate Market

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The New Orleans market doesn’t make sense. I see houses listed every day for 15% higher than they were purchased for 3-4 years ago when the notes were probably half due to interest rates and insurance changes. It’s like the scum agents are just throwing things out there hoping people will panic and buy.

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But let's say that is, in fact, a 15% rise over 4 years. That makes the CAGR only 3.56% per year, which is not very much considering that home prices, in general, were rising at a much higher rate than that over the years of 2000-2022.