Rank: 3

Metro: New Orleans
Share of homes with increasing values: 53.62%
Median value: $148,000
Annual change: -0.61%
Quarterly change: 0.66%

New Orleans’ market is unique because of the impact of Hurricane Katrina in 2005. Construction is booming in the area thanks to federal incentives, insurance money, and private investment. Louisiana also benefits from having a strong energy sector and a limited number of the risky loans that were popular in the states with the biggest housing bubbles.

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Posted in Housing Markets.

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