Housing Sales Are Bright Spot in New Orleans
Good news from the South, with the NY Times reporting that house sales are going well in New Orleans after Katrina: they write:
A surprisingly healthy real estate market in the New Orleans metropolitan area is proving to be one bright spot in an otherwise stagnant local economy. The market is not sizzling hot, at least by comparison to New York and San Francisco in recent years. Still, it is stronger than anyone might reasonably expect four months after Hurricane Katrina, with prices for houses in many areas at or above prestorm levels.
