The Crescent City is rocking back. According to Bankrate.com if If your house didn’t flood, has electricity and is in an area with a viable school system, it’s gold.
Arthur Sterbcow, CEO of Latter & Blum Inc./Realtors, one of the region’s largest real estate brokerages says, “We are in one of the most active markets I have ever experienced. It is both the best and worst of times — it just really depends on what side of the (17th Street) canal you were sitting on when the levees broke,” he said.
Demand is for NewOrleans homes are high because the evacuees are coming home, while 267,000 homes or almost half are not worthy to live in.
It is simple supply and demand.
Some of the neighborhoods that survived for the most part are: historic Uptown New Orleans,& the Garden District.
As for some of the worst-hit neighborhoods, such as the Lower 9th Ward and Chalmette, officials are having trouble even restoring the most basic services.
According to city of New Orleans statistics, 23 percent of the city still has no access to electricity, 25 percent has no access to natural gas, and entire ZIP codes still have no water or sewer service.
But the revitalization is coming.
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