Investors Lead Home Sale Boom in New Orleans

Flooded Motel, Tulane Avenue New Orleans 6/2006

Investors Lead Home Sale Boom in New Orleans

NEW ORLEANS, July 8 — In a market spurred by speculators and bargain hunters, an extraordinarily large number of houses in the flood-ravaged metropolitan area here are being sold, according to real estate analysts, who say volume and sales prices exceed levels before Hurricane Katrina.

excerpt The New York Times on Sunday 7/9/06

Photograph by Wm. Greiner
All reproduction rights reserved.