Big Easy Condos Easier Than Ever

Be it for the jazz, the garden district or just a good bowl of gumbo, people have always been attracted to New Orleans. Now, there may be even more reasons to love and live in the Big Easy.  Condo supplies are good, not overbuilt, but competitive enough for sellers to know their units have to be in top shape to attract buyers. This competition has also pushed many developers to price aggressively. This is because their interest rates are going up on units they have left in their inventories and they would rather sell now at a lower rate than pay out of pocket while waiting. As well, property tax in New Orleans dropped 29% in 2007 and continues to operate at those levels. Furthermore, there is a tax credit of $7500 available to most buyers provided they have not bought in the past 3 years. To many. this may seem like a daunting time to buy a new property, however this is also the best time to get deals. New orleans is only helping to prove this.