The Meyerland neighborhood of Houston has been flooded several times in recent years: the 2015 Memorial Day flood, the 2015 Halloween flood, 2016纳税日洪水, and Hurricane Harvey in 2017. The anomaly of three successive, damaging floods has pushed prices down in Meyerland—lower than they really should be, 据埃德·沃尔夫说, 贝丝·沃尔夫的总裁, 2021十大正规彩票app经纪人®.

“It’s complicated to see in the depth of the negatives, but the reason there are so many investors out there 购买 up properties and sitting on them is that they know three years from now values will return by 20% and 30% above what they are today,沃尔夫说. “And that’s unusual in the Houston market.”

“The wholesale renovation of a neighborhood doesn’t occur without an event like this,” he says. “It will elevate the price per square foot no matter how you look at it.”

But his estimates and projections can change if the neighborhood gets hit by another flood, 沃尔夫说.

Read more about the impact of Hurricane Harvey on 德州2021十大正规彩票app经纪人® and their communities in the September/October cover story of 德州2021十大正规彩票app经纪人® 杂志.