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

Welcome again from the lengthy weekend. We have obtained a bunch of stories currently to get you up to velocity on what’s going on in New Orleans enterprise.

First up, we test in on the New Orleans-place housing sector. Household authentic estate has been on fireplace by means of substantially of the pandemic, with increasing prices and rapid promotions. But brokers say surging insurance policies and home loan premiums are flashing warning signs for sellers, because some buyers are unable to handle the increasing charges.

In other information:

STORM HUBS: Could a community of group hubs exactly where people could just take refuge following hurricanes be in New Orleans’ potential? Area architects believe so. Reporter Mike Smith points out how these community areas could become arks in the flood as our location faces the threat of intensifying storms.

Electric power Participate in: Entergy New Orleans unveiled a $1.3 billion greenback program to harden its electrical power grid and reduce electricity outages like the one that kept a great deal of the city in the darkish soon after Hurricane Ida very last yr. Guess who’s on the hook for the expense…

Here TO Keep: The Essence Competition of Lifestyle and the metropolis of New Orleans are “are embedded and born collectively,” reported Essence CEO Caroline Wanga, who vowed the July function will never leave the metropolis.

Many thanks for examining out NOLA Small business Insider. Have tale ideas? Ideas? Drop us a line at [email protected].

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