NOLA Business Insider: Rising costs hit New Orleans housing market |

Welcome back again from the extended weekend. We’ve received a bunch of tales currently to get you up to speed on what is actually happening in New Orleans company.

First up, we look at in on the New Orleans-area housing market place. Residential genuine estate has been on fire by means of considerably of the pandemic, with rising price ranges and quick specials. But agents say surging insurance coverage and house loan charges are flashing warning symptoms for sellers, simply because some potential buyers are not able to handle the growing prices.

In other information:

STORM HUBS: Could a network of group hubs wherever persons could acquire refuge immediately after hurricanes be in New Orleans’ future? Neighborhood architects believe so. Reporter Mike Smith points out how these community spaces could turn into arks in the flood as our area faces the risk of intensifying storms.

Power Participate in: Entergy New Orleans unveiled a $1.3 billion dollar system to harden its electrical power grid and lessen energy outages like the one particular that kept significantly of the city in the dark right after Hurricane Ida final year. Guess who’s on the hook for the price tag…

In this article TO Continue to be: The Essence Pageant of Culture and the town of New Orleans are “are embedded and born alongside one another,” stated Essence CEO Caroline Wanga, who vowed the July event will by no means go away the town.

Many thanks for checking out NOLA Business Insider. Have story thoughts? Ideas? Fall us a line at [email protected].

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