Distressed Investors Are Already Buying Houston Homes for 40 Cents on the Dollar
Bloomberg, Oct. 12, 2017–Prashant Gopal
During hurricanes Harvey and Irma, wind and water damaged almost 1.8 million homes, causing uninsured flood losses of as much as $57 billion, according to CoreLogic Inc., a real estate data firm. Homeowners without federal flood insurance are most likely to be desperate. Those with policies don’t yet know how much they’ll get for their losses, which is key to deciding whether it makes sense to sell.
