Storms don’t have much effect on Florida, Texas home prices

The limited availability and much higher cost of obtaining property insurance in Florida have impacted home transactions. Florida’s housing market, which had been one of the hottest markets in the country, has undergone a sharp negative turn since the end of the last hurricane season. Home sales fell 15 percent in December from a year before.

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Hurricanes Had Little Effect on Florida, Texas Home Prices December 5, 2017 By Chris Hamler Although latest NAR data reported that home sales in Florida and Texas declined due to the recent hurricanes, new information reveals that the storm didn’t have significant effect on the home prices in the state.

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“It’s kind of like your chickens coming home to roost. Dorian is all those things we predict; a rapid intensifier, it was a strong storm that maintained its. in the future because we really don’t.

"Don’t waste time. Prepare yourself and your family." Deborah Thomas, 69, was doing just that Friday at a Home. storm is likely to grow in size, CNN meteorologist Dave Hennen said. That means that.

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Storms, floods, drought and fire have. Texas, and the nearby Bolivar Peninsula, were hit hard. Even the Houston Texans’ NFL home opener had to be delayed due to damage to Reliant Stadium. Storms.

Despite all of this, local home prices probably won’t fall as much as initially feared, says national real estate appraiser Jonathan Miller, who worked on Sandy-damaged homes after the 2012 storm.

A) No, In My Opinion It is Not a Good Time to Buy a Home in Florida. Why? It’s still a seller’s market, so buyers are paying more than they need to. prices won’t be going much higher, much longer, so if you can wait you will be better off. Florida homes will be selling at a huge discount again in the not too distant future.