hurricane harvey: Texas Housing Insight - 10/02/17 12:27 PM

Texas Housing InsightJames P. Gaines, Luis B. Torres, Wesley Miller, and Bailey Cuadra (Oct 2, 2017)
August 2017 Summary
The impact of Hurricane Harvey and the subsequent flooding is not fully captured in the August data. The short- and long-run effects of the disaster and recovery process are considered and may result in some data revisions in future reports.
The Texas housing market staggered as Harvey shut down the Houston economy for almost a week. The drastic 26.7 percent year-over-year (YOY) decline in Houston housing sales reflects the magnitude of the market disruptions. On the supply side, a 21.2 percent YOY decrease in Houston … (10 comments)

hurricane harvey: HURRICANE HARVEY HAMMERS HOUSTON HOUSING - 09/13/17 10:55 AM
Historic storm slams the door on home sales during the last week of August
HOUSTON — (September 13, 2017) — Hurricane-turned-Tropical Storm Harvey's torrential rains and devastating floodwaters not only disrupted life and destroyed properties throughout the Houston area and Texas Gulf coast. It also dealt a heavy blow to a real estate market that, until now, was on track to set new records. However, the full effects of the historic storm may not be realized for weeks to come as the market rebuilds and recovers.
According to the latest monthly report prepared by the Houston Association of Realtors (HAR), single-family home sales plunged 25.4 … (11 comments)

 
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