Industry News

The new New Orleans

Signs of life in post-Katrina real estate market

Editor's note: This is the second part of a two-part series examining the real estate market in the New Orleans area, four years after it was ravaged by Hurricane Katrina. Read the first part: "New Orleans: 4 years after Katrina." By SERGIO MOSQUEDA Sonya Becknel drew a flood zone map the size of her desk before buying a home in Chalmette in St. Bernard Parish, southeast of New Orleans. St. Bernard was one of the hardest-hit areas of New Orleans after Katrina struck four years ago. The parish is rebounding, even though some returning residents did not receive restitution for their flooded homes after the storm. "You can see the true grit of the people," said Cliff Reuther, Becknel's agent and Prudential Gardner broker and manager. Teens who evacuated the area with their families come back and make it their home -- Reuther said he has seen buyers in their 20s come with friends to St. Bernard to buy and renovate homes. "We knew where we were...