Since April 20th, 2010 and Still Flowing! BP Oil Spill's Impact on Real Estate Industry!

By
Real Estate Agent with Fulmer Realty- Floresville, LaVernia, San Antonio

Since April 20th, 2010 and Still Flowing! BP Oil Spill's Impact on Real Estate Industry!

Since April 20th, 2010 and Still Flowing! BP Oil Spill's Impact on Real Estate Industry!I was surfing the net today and I came upon a Blog post on Relocation.com that reminded me of just how long the BP oil spill has been going strong!! April 20th, 2010 an oil rig exploded in the Gulf of Mexico, and thus far no containment method has worked!!! What??? Heads should be rolling at this point!!

The post, by Serena Norr and Joann Pan, throws out some astounding figures. 60,000 plus barrels of oil a day, thousands of fisherman out of work, and in the real estate market a 30% expected decline in home values. National Geographic has called this this the worst oil spill in US history, with 8 National Parks directly threatened by the oil spill.

30% expected decline in home values, in an area that has not fully bounced back since Hurricane Katrina devestated the Gulf coast in August of 2005. 30% is a staggering figure. While BP has set aside funds to assist industries who have suffered losses due to oil spill, is there a plan in place for the homeowners, who will be impacted by this spill. Nothing I have read or heard leads me to believe that there will be any compensation for these personal property losses.

Since April 20th, 2010 and Still Flowing! BP Oil Spill's Impact on Real Estate Industry!

The Gulf Coast oil spill could have long term and devastating effects on the Gulf Caost's industries, residents,and eco systems. It is well over due that something real be done about this!!!

 

 

 

 

Posted by

Total Edge Team

Cindy Cranston

Representing Home Buyers, and Sellers.

Specializing in San Antonio, La Vernia, Floresville real estate.

Keller Williams Heritage -  Agent

 Cindy's Cell 210-373-8634

Email TotalEdgeTeam@gmail.com

Website www.TotaledgeTeam.com

"Total Edge Team, Your Key To A Competitive Edge When Buying Or Selling Real Estate!"

 

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Cindy Cranston and Faye Taylor are the Total Edge Team Realtors® with Keller Williams Realty Heritage living and doing business in the South Texas, San Antonio, Floresville and La Vernia, Texas market. They represents both homeowners and home buyers in these market areas.They specialize in military family and distressed properties. They enjoy the great rewards gained by helping our military heroes and their families buy or sell their home, and assisting distressed homeowners to sell their home and avoid foreclosure.

Cindy has been involved with the  United States military her entire life; First as a proud military brat while her father served, then as a Medical Technician in the Air Force, and for the past 14 years as a military wife to her career military husband.

Cindy~ 'Having been around the military my whole life gives me a unique perspective on the challenges that face a military family. I am uniquely qualified to understand this situation from all angles, and enjoy helping relieve some of the burdens caused by your military PCS.'

Faye has earned a Certified Distressed Property Expert (CDPE) designation from the National Association of Realtors®. The CDPE designation makes her uniquely qualified to assist homeowners who risk losing their homes. She works diligently with loan mitigation, asset managers and the homeowner to find an alternative to foreclosure.

Faye~ 'Working with homeowners and families to help them avoid a bank foreclosure is truly rewarding. The prospect of foreclosure can be financially and emotionally devastating, it's important to understand your options. CDPE has equipped me to help homeowners navigate this process and guide them to their best course of action.'

Comments (4)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Just what we needed, more bad news for housing market.  Thanks for sharing.

Jul 23, 2010 06:53 AM
Mike Calhoun
iMarketLuxury - Seminole, FL

Amen! The extent to which BP has been allowed to cover up their own crime has been a shock to any thinking American!! I don't think anyone has really grasped the damage that's been done yet .. but we need to have an honest, open and GROWN UP conversation about it as a nation!!

Jul 23, 2010 06:54 AM
Judi Boad
SOLUTIONS REAL ESTATE - Scottsdale, AZ

Cindy,

My son and daughter in law wanted to go and assist with the shore line and were told by several agencies to stay home, the work is going to local residents. Very good, and makes sense. But what can we do to help? I am standing by watching this disaster, day in and day out with no resolve. It is horrific.

Thank you for the relevant links. I have saved them both and will read them today. Thank you for the post as well. We need to stay in touch with this situation and not become callous to what is happening.

Best regards,

Jul 23, 2010 06:57 AM
Ted J. Macy
Top Agents Atlanta Metro - Milton, GA

Thanks for the update, I know it is going to be a long time before the Gulf is back to normal, there are lots of people to blame, I am wondering who is going to raise their hand and say "it was I who caused the spill".

What did the Federal government do, nothing, State wanted to get started, Federal government would not allow it, shame on them. Time for another change in DC, please tell everyone to vote in November and if a canidate has INCUMBANT next to their name, VOTE FOR THE OTHER PERSON. Clean house and start all over again. We the People have the right to our country.

God Bless America!!!

Jul 23, 2010 05:11 PM