New Orleans and the state of Louisiana as a whole are among the most stable housing markets in the U.S. according to a recent report by mortgage giant Freddie Mac, the Washington Post reported Monday.
Freddie Mac rates housing markets on metro and state levels for stability over the long haul using home purchase data, mortgage payments and employment numbers, the newspaper reported. Louisiana was among only 10 states reportedly stable, while New Orleans was among only four of 50 metro areas, the newspaper found.
Read the Washington Post story here. See the full Freddie Mac report — which found that many housing markets are stalling — here.
Find more details about home prices in New Orleans here.
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