America's Most Surreal Housing Market

What does it take to sell real estate in areas devastated by Hurricane Katrina?

1 minute read

May 31, 2006, 2:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"It takes pluck and a long view to sell -- or buy -- the boarded-up properties in the ravaged real estate market of St. Bernard Parish...Like many neighborhoods in the suburban stretches east of New Orleans, this one was a virtual dead zone, with block after block of boarded-up homes, browning yards and heaped piles of molding personal effects.

Yet [real estate agent Arden] Kilgore is still showing properties here in one of the most unpredictable, and surreal, housing markets in recent American history...

Since the flood, the only people interested in buying in St. Bernard Parish have been investors looking for bargains amid the chaos."

FULL STORY: Homes in Katrina Condition

Thursday, May 25, 2006 in The Los Angeles Times

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