Currently Reading

Harvey Barely Dinged Houston's Luxury Home Market

Advertisement

Harvey Barely Dinged Houston's Luxury Home Market


September 24, 2017
Houston skyline at night, image via Pixabay

Houston sustained billions of property damage from Hurricane Harvey, but the luxury home market there bounced right back two weeks after the storm.

The number of listings for homes with a $1-million price tag increased compared with the two-week period before Harvey hit and the median list price and median sale price declined slightly

“We’re expecting it to bounce right back up,” says James Gaines, chief economist at the Real Estate Center for Texas A&M University. “For the most part, these [homeowners] were able to absorb it.”

Read More 

Related Stories

Housing Markets

Zillow's 2022 Housing Predictions

What buyers and sellers can expect in another hot year for the housing market

Market Data + Trends

Mortgage Applications Are Increasing, but First-Time Buyers Aren’t Behind the Surge

Why many first-time buyers are sticking to the sidelines despite low mortgage rates

Housing Markets

Buyer Demand Remains High Into the Winter as Investors Stir Up Competition

Why some buyers are making a market comeback at the end of the year

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.