The New Orleans real estate market is in the 8th year of a 7 year cycle and its continued vitality is living on borrowed time.  There are multiple indicators that say the market has flattened out.  There are trends in the bond market that show the party may be over; the ratio between long term and short term bonds is flattening out.  Interest rates are increasing, not terribly but sufficient to alter the buying ability of those with modest incomes.  While the buying frenzy of 2013 through early 2016 is absolutely over, this is fair warning that the price stability of this market is well into the last lap, and if you have any inclination to wait for the market to turn around in the short to mid term, you might want to think again.