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In the aftermath of Hurricane Harvey, and the looming threat of Hurricane Irma and Jose, CoreLogic’s Chief Economist Frank Nothaft discusses from an economist’s perspective the implications of natural disasters on the housing market.
According to Nothaft, the effects are going to be lasting while homeowners wait for aid. Undamaged properties, however, could experience a rise in both home prices and rent, due to limited inventory and a growing number of displaced families.
See Nothaft discuss these factors, damage estimates, insurance considerations, and a timeline for reconstruction in this Video Spotlight.
