Posts Tagged ‘New Orleans’

New Orleans: Housing Stock Down 13%

September 15th, 2010 by Iris | Comments Off | Filed in flood insurance, homeowners insurance, insurance news

5 years post-Katrina, and several months after the BP oil spill, the city of New Orleans is still in recovery, but still has other problems. One of them is housing.

According to a report in the Insurance Journal the New Orleans metropolitan area has suffered a 13% decrease in available housing since the hurricane five years ago. The survey results were released on Monday by the U.S. Department of Housing and Urban Development (HUD), which also found that cost of housing in the Crescent City had increased by roughly 33%, from $662/month in 2004 to $882/month last year.

According to HUD, the 2009 survey is the most comprehensive such analysis of the area’s housing stock in the last five years.

The results also showed that eight of the parishes in the greater New Orleans area have lost about 75,000 housing units since Hurricane Katrina, and that there are about 72,500 housing units currently vacant.

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Friday Filmstrip: This City, by Steve Earle

August 27th, 2010 by Iris | Comments Off | Filed in flood insurance, friday filmstrips, homeowners insurance

This Sunday, August 29th, marks the 5th anniversary of Hurricane Katrina, and the devastation it left on the Gulf Coast, especially in Mississippi, Alabama, and of course, New Orleans, Louisiana. Rather than write a post reminding everyone that homeowners insurance and flood insurance are separate entities, we’ve decided to make a departure from our usual “Friday Filmstrip” fare, and share a music video. The performer is Steve Earle. The song is “This City,” which was used in the HBO series Treme.

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