“New Orleans’ Historic Neighborhoods Defy Housing Slump with Surge in Second Home Purchases”
– Out-of-town buyers, like Tray Gober, are driving the housing market in the French Quarter, Marigny, and CBD, purchasing condos and carriage houses for use as second homes.
– These buyers have the financial means to invest in a second home in a popular vacation destination, allowing them to bypass interest rate increases and insurance hikes that have affected other buyers.