New Orleans real estate market has uncertain long-term outlook after Katrina (Picayune Item)

New Orleans real estate market has uncertain long-term outlook after Katrina (Picayune Item)
NEW ORLEANS (AP) - Real estate agent Fred Buras' cell phone has been ringing incessantly for weeks. Residents displaced by Hurricane Katrina are on the line asking if he has any high-and-dry properties they can move into quickly.

Real Estate Market Uncertain After Storms (AP via Yahoo! News)
Real estate agent Fred Buras' cell phone has been ringing incessantly for weeks. Residents displaced by Hurricane Katrina are on the line asking if he has any high-and-dry properties they can move into quickly. Speculators from across the country are calling, looking to buy heavily damaged homes on the cheap.

Real Estate Q&A (The Charlotte Observer)
Q. My late mother's will left her assets to me, her only offspring. Her real estate is heavily mortgaged, in a distant state, and I don't want any of her assets.