Industry News

Recovering from the storm: Brokerage fights on

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The scene is familiar: buildings half-submerged in brown water, trash and debris floating, furtive figures looting stores – and it all took place eight minutes from the home of Jeff Doussan, majority owner of Keller Williams' New Orleans office. "I don't know if my home is underwater," said Doussan, who fled New Orleans Aug. 28 with his parents, his wife and two of his four children. "I talked to a neighbor Saturday and you need a boat to access my street." Luckily, he said, his house is raised; "hopefully, none of the boats going by flooded it with their wake." Doussan's office is in Orleans Parish, about 10 minutes from his home. He's hopeful that it isn't flooded, but worries that it may have been looted. While Doussan's office may have been spared, Keller Williams said eight of its market centers were either destroyed or damaged by Hurricane Katrina, and the company continues to search for 300 of its 728 associates in the Gulf Coast area. The Austin, Texas-based real estate...