It's interesting to note that our real estate market has historically run contrary to national trends.  Mortgage loans in the low 6% range are still very available for the credit worthy.  Pricing has more or less stabilized, and great buying opportunities abound.  Take heart, business has not come to a halt like it has in Florida and California. 

 

On another note...think about this: There is a large segment of the US population that has no clue about something called The Lay-A-Way Plan. 

 

Watching happy-time ads showing young people with enviable physiques laying out on deserted beaches, buying new cars, reclining in rooms full of new furniture, dining in fabulous restaurants, or generally speaking enjoying instant gratification for whatever lust one could possible imagine, courtesy of easy credit, has not hidden one simple fact...you have to eventually pay for all of that fun.  

 

Washington will do something to bail us out, but the fact remains that credit tightening will be the name of the game for some time.  Consumers will have to watch their credit P's & Q's in order to retain the lines of credit they really need.  As I've been saying, your credit score means more now than in many years.

 

As we recover from having the stuffin' knocked out of our wallets, us folks, us battle weary Greater New Orleanians, survivors of floods, hurricanes, and political idiots, will survive this crisis as well.  But we have one thing to be very thankful for...our struggle will be shared with some of the finest people on earth, the citizens of the great city of New Orleans.  Collectively we have a giant heart, a beautiful soul, and a survival instinct second to none!   
  

As ever, I remain at your service. 

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