USA United Cash Loans Expects Housing Prices to Dip in Wake of Texas Halloween Flooding

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With a major storm system wreaking havoc all over parts of Texas, everything from Halloween to the housing market has seen the negative impact the storm has had.

With a major storm system wreaking havoc all over parts of Texas, everything from Halloween to the housing market has seen the negative impact the storm has had. While many towns decided to postpone Halloween activities as a safety precaution because of the flooding, many are predicting a longer-lasting and more significant impact to the housing market.

A representative from USA United Cash Loans, a company that provides commentary and information about mortgage loans, indicated that the long-term impact to the housing market could be weightier than prognosticators have initially indicated. “Any time you have a natural disaster such as this, there tends to be a relatively significant dip in housing prices.”

The result is an opportunity for home buyers to acquire property at a great value. “Sometimes it is difficult to look at a natural disaster as an opportunity, but if the area is not prone to this kind of disaster, in this case flooding, then it is very likely that the market will bounce back eventually,” said the representative from USA United Cash Loans.

Given that the incidence of heavy flooding in this area is not excessively high, it seems safe to say that the recent flooding is atypical in this particular area. With this being the case, the area may in fact be a good investment opportunity.

“People have to keep in mind that each market is different, and there are always multiple factors that influence the behavior of the housing market,” said the representative from USA United Cash Loans, “so caution should always be taken, and careful analysis done.”

http://www.inman.com/2012/10/29/natural-disasters-and-real-estate/
http://www.twdb.state.tx.us/publications/reports/bulletins/doc/B6311.pdf

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Richard Milson

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