New Orleans area home sales on the rise as confidence returns

Considered to be excellent news some reports show that home sales have increased in the New Orleans area. At the same time the prices have dropped. Interest rates are also low and it is expected that they will continue to be low this year as stated by the Mortgage Bankers Association. All of these events have also been conected with the fall in umployment rates in New Orleans and the addition of new jobs in the New Orleans Metropolitan area. Even though these new developments are encouraging potential buyers are still facing big problems such as low appraisals, qualifying for loans and coming up with enough money for a down payment.

http://www.nola.com/business/index.ssf/2012/02/new_orleans_area_home_sales_on.html