Current New Orleans/Metairie, LA Housing Market

[Amanda Vu]

Hi, I am just starting out as a very much so newbie rental property investor! Would anyone here be able to guide me in terms of figuring out whether or not the housing market in New Orleans/Metairie, LA is at its peak right now? I understand you gain the most in profit when you purchase a housing property when the housing market takes a little fumble, but I have no idea how to figure out whether or not this is the case right now in that particular area. Also, for those of you kind enough to be able to answer this for me, how did you go about gathering the info necessary for your response? I would love to be able to do the research on my own but just don't know where to start exactly.