In the aftermath of Hurricane Harvey, and the impending threat of Hurricane Irma and Jose, Economist Frank Nothaft discusses from an economist’s perspective, the implications of natural disasters on the housing market.
The effects are going to be lasting while homeowners wait for aid. Properties in the area that have gone undamaged, could experience a rise in both home prices and rent, as a result of limited inventory and a growing number of displaced families.
The video discusses these factors, damage estimates, insurance considerations, and a timeline for reconstruction.