Hurricane Real Estate (New Orleans, Baton Rouge, Biloxi, Gulfport) Website Launches Today

Other than the Tsunami, Hurricane Katrina was the greatest natural disaster in the past century. The devastation, destruction, loss of life, and property loss was absolutely catastrophic. The Hurricane Real Estate Blog (http://www.hurricane-real-estate.com) encourages everyone to give generously to the Red Cross or other relief agency helping the victims of Hurricane Katrina. However, the purpose of the Hurricane Real Estate Blog (http://www.hurricane-real-estate.com) isn’t to focus on the tragedy caused by the hurricane.

The purpose of the Hurricane Real Estate Blog (http://www.hurricane-real-estate.com) is to report upon the most wide-open, chaotic, crazy real estate event since the Oklahoma Land Rush. The real estate / mortgage / construction industry, and the housing markets of New Orleans, Biloxi, Gulfport, Baton Rouge, and even Shreveport are about to head into totally unprecedented market conditions.

Many residents have fled New Orleans, Gulfport, and Biloxi…never to return. These residents will default on their mortgages, leaving banks and other financial institutions holding lots of property…much of it damaged and uninhabitable. Owners of rental property, both commercial and residential, are dealing not only with property damage, but defaulting tenants and no incoming revenue. Speculators are swooping down to pluck choice properties for a fraction of the former value, betting that the New Orleans marketplace will come back to life in the near future. Displaced hurricane residents are buying / renting / leasing up properties in Baton Rouge, where apartment and commercial vacancies, in addition to homes for sale, are zero. An unbelievable construction boom will take place in New Orleans, Biloxi, and Gulfport and all types of skill and unskilled construction labors will be needed in residential construction, commercial construction, and heavy construction to rebuild the homes, commercial properties, roads, levies, and other infrastructure. Hundreds of billions of dollars will be pumped into Louisiana, Mississippi, and Alabama to make them better and stronger than before the hurricane. Tourism is dead for now and will be dormant for a long time…how and when will it come back? What will the roles of the state, local, and federal government be through all this?

Whatever happens in this fascinating marketplace, the Hurricane Real Estate Blog (http://www.hurricane-real-estate.com) will be there to be the top source online to report on these issues. Make sure to bookmark this website as the top internet information source for issues surrounding the Katrina rebuilding effort.