In a recent Reuters's report, Daniel Trotta and Brian Thevenot wrote that: "It might seem like Houston’s historic flood would make America’s fourth-largest city a less desirable place to live, but it’s going to get more expensive”
Why do the experts think this will happen?
They went on to say: “The supply of houses and apartments is expected to drop sharply with tens of thousands of homes destroyed and uncertain prospects for future flood insurance costs…
Some sellers whose properties remained dry are already looking to cash in. Houston agent Jena Turner said she saw a three-bedroom ranch in the Willowbend neighborhood jump in price by $82,000 just a few days after Harvey hit, a nearly 20% increase.”