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How will the destruction of Hurricane Ike affect the Houston economy and real estate market?


Contributed by HTRE Admin on September 21, 2008
Many homes throughout the Houston area were damaged last week from the wrath of Hurricane Ike. While there is still a lot to be assessed, one of the common questions is how will the damage and wreckage that the storm left behind affect the local Houston economy and real estate market.

Here are a couple of article we found that might give some insight to that question:

- Thriving Texas Slowed by Ike from The Wall Street Journal

- Hurikane Ike to affect US economy, but not like Katrina from the LA Times

We'll post more as we find more valuable resources.




Comments:



Nema Ghalamdanchi says: Hurrikane IKE certainly had a negative effect on the Real Estate market for 2-3 weeks business slowed down, but nevertheless, we still had buyer clients looking at houses and making offers 5 days after the storm!






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