New Orleans Real Estate Boom?

[SlowMovin]

Interesting article...this is one boom I personally do not believe will last, but it's interesting all the same.
http://www.latimes.com/business/la-fi-nohouses15sep15,0,7729830.story?coll=la-home-headlines

 

[WaltonUndercurrent]

We've already been contacted by two people asking if we were interested in selling our place in the FQ - both were NO real estate agents. Probably some good short-term gains possible. Who knows about long-term. Nice rental property should be a good investment, say in the Marigny, FQ, CBD.

 

[Kurt]

Rents tripled in Charleston after Hugo.

 

[Smiling JOe]

Rents tripled in Charleston after Hugo.

I bet that if Panama City Beach was wiped out from a hurricane, we would see property values skyrocket in that area. Of course, they may have to change the name to something else.

 

[beachmouse]

Pensacola got a big spike in both rental and purchase prices after Ivan. When you've got a huge amount of damaged housing stock, and people who now need a new place to live, you get big price increases for the undamaged or reasonably salvageable.

 

[drsvelte]

Home prices in Baton Rouge have surged about 20% in the last two weeks. we have about 200-250K displaced New Orleanian's with many trying to find housing. I doubt it will last.