Just What New Orleanians Need . . .

With home values across the New Orleans area falling, one class of properties arguably has the worst prospects of all: flooded, gutted and unrepaired properties sitting on the market.

Damaged homes are losing value faster than repaired homes in many areas, with little prospect of turning around. And across Orleans Parish in particular, damaged homes are languishing on the market.

(Read the remainder of the story on the Times-Picayune HERE.)