Rental rates falling in New Orleans

Today's headline is from the Times-Picayune. The headline is Rental rates falling in New Orleans posted on September 8, 2007 at 9:33 by Greg Thomas.

This is some good new for anyone trying to live in New Orleans. It's probably not as welcome to people renting property.

Best Quote: According to a survey of rental rates by Larry G. Schedler & Associates, Jefferson Parish rents during the first part of this year were 21 percent higher than they were during the comparable period in 2005. St. Tammany Parish rents were 22 percent higher, and a broad area called the New Orleans Historic Center, which includes Uptown, the French Quarter and the St. Charles Avenue corridor, posted rent increases of 35 percent. The rest of Orleans Parish recorded rental rate increases of 10 percent.