Moving to Houston after the flood

[BabyJuly]

Its too bad you have to buy now. Its difficult enough to move to a new city (I have done it twice). You don't know Houston, only what others tell you. To make a commitment to a home in the aftermath of a major flood is daunting. Again, if you could get corporate housing to give you some breathing room, that will allow you not to be rushed.

[Walsr014]

It's definitely not an ideal situation but we will make due. I am lucky that we have a few friends Who moved before us to give us some advice on the situation.As far as pricing, we have noticed some properties increase 5-10k but some have been reduced. I've heard a lot of back and fourth about what to expect with pricing. I guess it will ultimately depend on the demand for homes. Some seem to think that people won't be in the position to buy a new home and people thinking about moving to the area will be put off so the price of homes will remain the same or even decrease. Others think demand will be high and inventory will be low so the prices will skyrocket. I'm obviously no expert, just repeating what we've been told recently. I guess we will see first hand next week.

[clutchcity]

Originally Posted by Walsr014

It's definitely not an ideal situation but we will make due. I am lucky that we have a few friends Who moved before us to give us some advice on the situation.As far as pricing, we have noticed some properties increase 5-10k but some have been reduced. I've heard a lot of back and fourth about what to expect with pricing. I guess it will ultimately depend on the demand for homes. Some seem to think that people won't be in the position to buy a new home and people thinking about moving to the area will be put off so the price of homes will remain the same or even decrease. Others think demand will be high and inventory will be low so the prices will skyrocket. I'm obviously no expert, just repeating what we've been told recently. I guess we will see first hand next week.

Would be interesting to hear which locations fell in price and which one went up. Your early pricing research coupled with our knowledge of the city could reveal some interesting early patterns.

[Walsr014]

There isn't a clear pattern yet. I think right now it's a gut reaction from the home owners. Some feel their property is worth more since it stayed dry and some are freaking out that no one will move to Houston so are trying to be more competitive. I will update if I see some sort of pattern forming and with our personal experience this coming week.

[Dopo]

Have you narrowed down your search?

[RocketSci]

Originally Posted by Ghost Town

If it was just 1/4 inch of water on a 1st floor it still counts.
And not all 6.6 million people live in houses. There are tons of apartments.
I am talking about the detached houses.
There are about 500,000 detached houses in Houston.
100,000 houses flooded to some extent that's not unrealistic.
But let's see the official results in a couple of months.

Pretty close to predicted for Houston -

Harvey destroyed more than 15,500 homes in Texas | abc13.com

Texas officials say more than 15,500 homes were destroyed during Hurricane Harvey.

According to the latest numbers by DPS, 273,276 homes were damaged during the storm. Another 15,528 were destroyed.

Devastating flooding in Harris County led to the destruction of 835 homes. The total number of homes damaged now stands at 113,136.

[texas7]

I think it's the perfect time to buy. You'll easily know what flooded and what didn't. In a couple of years after the flippers buy and sell, you will have a harder time finding the truth.