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You can’t drown the Houston housing market

 

Photo Credit – George Etheredge for The New York Times

Housing Interest is not lacking after Harvey! Rental requests have skyrocketed and requests for housing is still strong. If your home or rental was damaged you need a place to live. All of the care teams from around the country need a place to stay too. I have 5 Airbnb's and two are filled with relief workers.

If your home or rental was damaged you need a place to live. All of the care teams from around the country need a place to stay too. I have 5 Airbnb's and two are filled with relief workers. Many are rebuilding their homes that were damaged by the storm. Some, choose to live in them during the fix-up, others need temporary housing.

Business is back pretty much as usual and schools got off to a rolling late start. Now Houstonian's are trying to find normal lives after the storm while still trying to find scarce contractors and juggle their time. Many nonprofits and churches are helping in the rebuilding of lives. It's pretty amazing to see the grit and faith as people reach out to others.

Money is flowing into Houston to rebuild for FEMA, insurance, and other sources. Money desperately needed to rebuild Houston. The appeal for elevated housing is obvious after this flood. If you elevate your home, you can be out of the floodplain. But how much higher should you build? Look for studies and Harvey flood data to help you decide. In general, you want to build above the floodplain.

The Houston area grows by about 400 people a day. Even after Hurricane Harvey revealed the city’s vulnerability to catastrophic flooding, leaving thousands displaced. Many people are still living in shelters. In Houston, people are betting that nothing can stop the cities continued growth. It's not clear how flooding has affected real estate pricing. But it is expected that the need for housing will be more than the supply.

 

Photo Credit – George Etheredge for The New York Times

The Houston Association of Realtors has a new category in the MLS listings to identify if a home flooded in Harvey. This indicator is not available for the public to see online so contact a realtor to identify properties. I love real estate and helping people relocate and find the ideal home.

Dwight Cook – brilliant.re

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