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

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As much as 27 percent of Houston’s commercial real estate may be impacted by flooding in the wake of Hurricane Harvey, according to a CoStar analysis of flood maps. The 12,000 potentially.

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Houston Sees 15 Percent Drop in Mortgage Apps, Thanks to Hurricane Harvey. No Comments. Tweet; Over on CandysDirt.com, Candy takes a look at the impact Hurricane Harvey has already had on the real estate market when it comes to mortgage applications.. A Texas National Guardsman shakes.

Houston’s foreclosure activity was up even before Harvey. Houston reported a 44 percent increase in total foreclosure activity, per the report. In terms of foreclosure starts, specifically, Houston saw a 67 percent increase compared to a year ago. So far in 2017, nearly 5,000 Houston-area homes have started the foreclosure process, up 28 percent compared to the first eight months of 2016.

Houston’s home sales dip in March for first time since Hurricane Harvey. Meanwhile, the average and median price of a single-family home reached their highest levels ever for a March in Houston. The average price was up 3 percent year over year to $292,756, and the median price increased 2.4 percent to $233,500. Total dollar volume of property sales in March inched up 0.7 percent year over year to nearly $2.29 billion.