Another blow from Harvey: Houston home prices, rents likely to rise

Another blow from Harvey: Houston home prices, rents likely to riseBy Daniel Trotta and Brian Thevenot HOUSTON/AUSTIN (Reuters) – 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, real estate experts 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. Following a pattern seen in New Orleans after Hurricane Katrina, that’s likely to drive up home prices and rents in high-and-dry neighborhoods.



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