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

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Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey. at the impact Hurricane Harvey has already had on the real estate market when it comes to mortgage applications. Take a look here, and weigh in – will it pick back up, and when? candy evans, CandysDirt.com, Hurricane.

Another blow from Harvey: Houston home prices, rents likely to rise. There are an estimated 242,000 homes in or very near the known flooded areas of Houston, collectively worth about $61 billion based on pre-storm values, according to Ralph McLaughlin, chief economist for the real estate listings and data firm Trulia.

Houston saw a 15 percent dive in mortgage applications after Hurricane Harvey, according to a report from the Mortgage Bankers Association.

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.

Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey. at the impact Hurricane Harvey has already had on the real estate market when it comes to mortgage applications. Take a look here, and weigh in – will it pick back up, and when? Candy Evans, CandysDirt.com, Hurricane.

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