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    <div id="breadcrumbs" class="breadcrumbs"><a href="/" class="">Home</a> &raquo; Houston housing market still going strong post Harvey</div>
    

    <span class="topics"><a href="/topics/57-real-estate" class="topic">Real Estate</a></span>


    <h1 class="headline">Houston housing market still going strong post Harvey</h1>

      <h2 class="sub-headline">One of the most affordable housing markets in country</h2>

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  <div class="date article-summary__post-date">September 12, 2017</div>
  <div class="author article-summary__author"><a href="/authors/367-kelsey-ramirez">Kelsey Ramírez</a></div>
  
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    <div class="tags">KEYWORDS <a href="/keywords/25160-buyer-demand">buyer demand</a>   <a href="/keywords/9544-housing-market">Housing Market</a>   <a href="/keywords/547-houston">Houston</a>   <a href="/keywords/25008-hurricane-harvey">Hurricane Harvey</a></div>

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      <div class="body article-body"><p>After Hurricane Harvey swept through the Houston region, leaving many homeless, destroying thousands of homes and leaving <a href="https://www.housingwire.com/articles/41124-majority-of-hurricane-harvey-victims-uninsured-in-face-of-billions-in-damages" target="_blank">billions in damages</a>, however the metro&rsquo;s housing market remains strong.</p>            <div class="advertisement " id=""><div class="advertisement" id="div-gpt-ad-inline"></div></div>


<p>Not only is the Houston area still thriving, but it is one of the most affordable housing markets in the country due to the area&rsquo;s potential for flooding, according to an <a href="https://www.nytimes.com/2017/09/12/business/economy/hurricane-houston-housing.html" target="_blank">article</a> by Annie Correal and Conor Dougherty for <strong>The New York Times</strong>.</p>

<p>The article explained that even after the recent flooding the Category 4 storm brought in, nothing can stop the metro&rsquo;s growth. Real estate brokerage firm <strong>Redfin</strong> reported its agents had 45 home buyers ready to purchase a home when the storm hit. After the storm, only eight buyers backed out, and tour requests immediately rebounded a week later.</p>

<p>From the <a href="https://www.nytimes.com/2017/09/12/business/economy/hurricane-houston-housing.html" target="_blank">article</a>:</p>            <div class="advertisement ad-mobile-only" id=""><div class="advertisement" id="div-gpt-ad-rect-a-mobile"></div></div>


<blockquote>
<p><em>Throughout Houston proper and the surrounding suburbs, developers sprawl ever outward, paving over pastures and former wetlands and leaving nothing to absorb the water, when it comes.</em></p>

<p><em>&ldquo;It is one of the most affordable housing markets in the country because people were able to build in places where they were likely to get flooded in the future,&rdquo; said Svenja Gudell, chief economist at Zillow, the real estate data service.</em></p>            <div class="advertisement ad-mobile-only" id=""><div class="advertisement" id="div-gpt-ad-rect-b-mobile"></div></div>

</blockquote>

<p>One expert explained that after the hurricane, many homeowners may choose to rebuild their homes, but at a more elevated level.</p>

<p>From the <a href="https://www.nytimes.com/2017/09/12/business/economy/hurricane-houston-housing.html" target="_blank">article</a>:</p>            <div class="advertisement ad-mobile-only" id=""><div class="advertisement" id="div-gpt-ad-rect-c-mobile"></div></div>


<blockquote>
<p><em>&ldquo;If you elevate your house, you&rsquo;re out of the floodplain,&rdquo; Mr. [Brian] Silver [a builder at BAS Concepts] said, adding that it was his practice to build new homes a foot above the elevation that FEMA expected floodwaters to rise or the high-water mark of the last storm &mdash; whichever was higher.</em></p>

<p><em>He predicted that after Harvey, even more homeowners would decide to demolish their flooded homes and build from scratch, but higher, and that already elevated homes would increase in value.</em></p>
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