http://www.therealestatebloggers.com/2005/10/04/the-rebirth-of-new-orleans/ Real Estate Blog, Mortgage, and Development News Fri, 12 Mar 2010 17:03:52 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.therealestatebloggers.com/2005/10/04/the-rebirth-of-new-orleans/comment-page-1/#comment-7 Scared Monkeys » Blog Archive » Experts Debate Rebuilding New Orleans and Real Estate Opportunities Wed, 05 Oct 2005 04:51:40 +0000 http://therealestatebloggers.com/?p=27#comment-7 [...] This could explain why the realty market in New Orleans is just chomping at the bit in the expectation of a rebirth of their city as they are predicting an “enormous housing boom” and a Rebirth of New Orleans. There is a huge expectation that the renewal efforts, combined with the largest rebuilding project ever attempted in the countries history, will create huge opportunities in New Orleans and the Gulf Coast. Big money is headed this way as housing prices in the most devastated region of America soar. In New Orleans, where unofficial estimates say more than 100,000 homes could be demolished as a result of Hurricane Katrina, dwindling supply is fueling huge demand and housing price hikes of 10 percent to 40 percent, on average. The hyperactive housing climate is marked by individuals and companies buying houses or groups of houses, sight unseen. Sterbcow said one company involved in rebuilding the city bought 150 homes without inspecting any of them. [...] [...] This could explain why the realty market in New Orleans is just chomping at the bit in the expectation of a rebirth of their city as they are predicting an “enormous housing boom” and a Rebirth of New Orleans. There is a huge expectation that the renewal efforts, combined with the largest rebuilding project ever attempted in the countries history, will create huge opportunities in New Orleans and the Gulf Coast. Big money is headed this way as housing prices in the most devastated region of America soar. In New Orleans, where unofficial estimates say more than 100,000 homes could be demolished as a result of Hurricane Katrina, dwindling supply is fueling huge demand and housing price hikes of 10 percent to 40 percent, on average. The hyperactive housing climate is marked by individuals and companies buying houses or groups of houses, sight unseen. Sterbcow said one company involved in rebuilding the city bought 150 homes without inspecting any of them. [...]

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