Katrina - 5 Years Later - Mississippi August 27, 2010 / 9:40 AM EDT / CBS News Peter King It's not unusual to see brand new rebuilt homes near the beach at Pascagoula, Mississippi. Or not... Peter King It's also not unusual for vacant lots to sit where homes used to be...awaiting new owners...or for their old owners to rebuild. Steps of Progress Peter King Many people have opted not to rebuild here even after five years have passed. Waiting Peter King 500 homes were lost to Katrina here. This overgrown lot was one of them.