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

Welcome back from the lengthy weekend. We have acquired a bunch of tales currently to get you up to velocity on what is actually occurring in New Orleans business enterprise.

Initially up, we check out in on the New Orleans-space housing market place. Household genuine estate has been on hearth via significantly of the pandemic, with soaring price ranges and fast discounts. But brokers say surging insurance and house loan premiums are flashing warning symptoms for sellers, due to the fact some potential buyers can’t manage the growing expenditures.

In other information:

STORM HUBS: Could a community of local community hubs the place people today could consider refuge after hurricanes be in New Orleans’ potential? Neighborhood architects believe so. Reporter Mike Smith explains how these general public spaces could turn into arks in the flood as our region faces the threat of intensifying storms.

Power Participate in: Entergy New Orleans unveiled a $1.3 billion greenback strategy to harden its ability grid and reduce electrical power outages like the 1 that held a lot of the metropolis in the darkish just after Hurricane Ida very last yr. Guess who’s on the hook for the value…

Below TO Continue to be: The Essence Competition of Society and the metropolis of New Orleans are “are embedded and born with each other,” reported Essence CEO Caroline Wanga, who vowed the July party will never depart the town.

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