If you want a case study for real estate impacts after a disaster, look no further.

 

In this episode, I speak with David Weaver about real estate in Houston considering the after-effects of Hurricane Harvey. The storm flooded thousands of homes, prompting shifts in supply and demand that no one had really accounted for ahead of time. On the one hand homes in severely flooded areas are seeing stark price drops, but on the other hand renovations are being done in unprecedented numbers and causing a tightness in the market for building materials and labor.

 

We touch on:

-The dynamics of real estate markets

-Drivers of the Houston market

-The synergy and benefit of concentrated competition in real estate

-Mortgage rates impacting ownership demand

-Millennial’s lifestyle shift away from home ownership

-The minimum time required to own a home and make a profit

-Short term impacts of Harvey on Houston real estate

-Long term impacts of Harvey on Houston real estate

 

David Weaver is Director of Builder Relations at The Loken Group.