To stay or not to stay: New Orleans homeowners troubled
New Orleans homes for sale have reached a new peak and the city is reporting an escalating number of residential building permits. These two seemingly conflicting facts suggest that homeowners are accelerating their decisions on whether to rebuild or get rid of their Katrina-flooded homes, the Brookings Institution said recently. Nola.com reports:
In releasing its latest Katrina Index report, the Washington nonprofit research organization gave a sobering interpretation of the home-sales figure: “This may signal the decision made by families to leave Orleans Parish.” But a measure of hope can be gleaned from both home sales and building permits, according to the group’s deputy director, Amy Liu. Together they signal a turn away from paralysis, and sales could improve the rate at which homes are cleaned up and put back into use, she said.
Read more: To stay or go? More people deciding
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