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Katrina Has Been Very Good to Brokers in N.O.

Posted by: Peter Coy on May 12, 2006

Check out this amazing Associated Press story about how the real estate business is thriving in New Orleans. Turns out that this is nothing unusual—brokers always do well in the aftermath of disasters.
Hmmm. Imagine the business they’ll be doing after the Big One hits California.

 

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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