what is driving the price in this are given the "stressed housing market"?

Asked by macktley, New Orleans, LA Sat Dec 22, 2012

This question was asked from http://www.trulia.com/homes/Louisiana/New_Orleans/sold/10003…

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Christopher…, Agent, Methuen, MA
Sat Dec 22, 2012
Home prices have been rising in most areas. It is a matter of supply and demand. As supply goes down, prices go up and as demand increase prices go up. Demand will also be higher with lower interest rates because more people can afford to buy and rates are still at historic lows.
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