Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey – CandysDirt.com

Another blow from Harvey: Houston home prices, rents likely to rise. Before the flooding from Hurricane Harvey, Houston had been a rare, fast-growing U.S. metropolitan area that had retained an.

But widespread preparation and evacuations in Florida reduced mortgage applications by more than 25 percent before the hurricane arrived as business ground to a halt. When you are running for your life, you tend to forget about things like house closings.

Then Harvey hit Houston. the drop in policies? Congress approved a price hike, making premiums more expensive, and maps of some high-risk areas were redrawn. Banks became lax at enforcing the.

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Houston’s home sales dip in March for first time since Hurricane Harvey. Meanwhile, the average and median price of a single-family home reached their highest levels ever for a March in Houston. The average price was up 3 percent year over year to $292,756, and the median price increased 2.4 percent to $233,500. Total dollar volume of property sales in March inched up 0.7 percent year over year to nearly $2.29 billion.

The impact of Hurricane Harvey on Houston, whose real estate market has been more than hard hit, is almost startling by this chart. The impact of Irma is yet to be seen since she made landfall in the Florida Keys on September 10 before continuing up the west coast of Florida and heading inland.

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Hurricane Harvey Launched Houston’s Apartment Market Into an Immediate Turnaround Robert Kramp HOUSTON – (Realty News Report) – Hurricane Harvey accelerated multifamily absorption in Houston and drove a rise in rental rates, according to a new analysis by international real estate firm CBRE.

Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey.. Over on CandysDirt.com, Candy takes a look at the impact hurricane harvey has already had on the real estate market when it comes to mortgage applications.

Mortgage Lenders Aventura Hallandale Fort Lauderdale Florida – zerching loans mortgage lending houston sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey – CandysDirt.com Harvey could have deep impact on Texas oil, US economy – Massive flooding caused by tropical storm harvey along texas’ refinery-rich coast could have.

In the aftermath of Hurricane Harvey, Houston is facing catastrophic housing loss and the dangers of damaged chemical plants. As the waters begin to recede, rescue crews are going door-to-door.

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