Houston, TX Real Estate Market Trends & Analysis

THAN MERRILL | June 28, 2018

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The Houston real estate market took a significant hit when Hurricane Harvey decided to let its presence be known in August of last year. Similar to that of Hurricane Katrina (the natural disaster that leveled New Orleans in 2005), Harvey was responsible for the unspeakable tragedy and upwards of $125 billion in damage to the Houston area — enough damage, in fact, that real estate in Houston essentially took a step back from years of progression seemingly overnight. What was once one of the hottest markets in the United States, Houston gained sympathy on a national level for what it had just endured. It is worth noting, however, that Houston stood strong in the face of adversity and managed to rebound with a single purpose: to persevere. And persevere it did, as Houston has made a strong comeback in nearly every fundamental economic indicator, not the least of which includes the Houston real estate market.

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