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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (79689)6/18/2007 2:38:13 PM
From: Les HRead Replies (2) | Respond to of 306849
 
Insurance premiums have doubled, or tripled in some cases, since Hurricane Katrina, which leaves homeowners and potential buyers feeling the financial squeeze.

High insurance rates are pricing many first-time homebuyers out of the market and putting a damper on real estate sales in some areas of metropolitan New Orleans.

Tammy Latour, an agent with Keller Williams Realty in Metairie, said insurance is now a predominant factor in the home-buying process. Buyers took affordable insurance for granted pre-Katrina and were primarily concerned with location and proximity to schools.

Latour said buyers are paying average monthly premiums of $400.

remodeling.hw.net

Incredible Shrinking Houses Lure Home Buyers

wmcstations.com



To: Les H who wrote (79689)6/18/2007 8:20:31 PM
From: pheilman_Respond to of 306849
 
L.A. Homes Priced Too High

Paraphrase from article:
As long as people keep moving to LA area, prices will not drop.

I think he should check with the movers to find out which way people are moving.


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