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Article: Real estate agents foresee `enormous housing boom' in New Orleans.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- October 4, 2005
- Author:
CopyrightCOPYRIGHT 2005 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tim Jones
NEW ORLEANS _ All dressed up with no place to go, three dozen agents at New Orleans' oldest real estate firm gathered in a west bank Presbyterian church Tuesday for their weekly sales meeting, hoping for words of encouragement amid sprawling residential ruin.
Sitting beneath large velvet banners that read, "Lamb of God," "Prince of Peace" and "King of Kings," the spoken message from the head of real estate firm Latter & Blum Inc., was all about Mammon.
Big money is headed this way as housing prices in the most devastated region of America soar. In New Orleans, where unofficial estimates say more than 100,000 homes could be ...