Interesting. No doubt the real estate markets are up/down depending on location and due to Katrina with so many people completely displaced by the storm(s). This article states that demand and pricing has risen since Katrina in an area west of NOLA. With Rita coming just west of NOLA and along the entire Tx gulfcoast, the real estate that they are talking about west of NOLA may be the hardest hit and most damaged by this storm. This writer may have spoken/written a bit too hastily.
My concern is that people will not want to buy/invest anywhere along the gulfcoast....but come to think of it storms have been coming, destroying, and going for eternity and people keep building/rebuilding and wanting to live near/on the water.
Time will tell on all of this real estate talk and as we all know it (everything) goes in cycles.