Sunday, August 27, Tropical Storm Harvey devastated the Houston area with crippling flooding across the region. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. With U.S. home values showing consistent increases over the past five years after several years of decline, Americans expect local home prices to continue to rise.
The process of providing financial and other information (such as employment history and proposed collateral) by a prospective borrower in order for the lender to preliminarily estimate how much loan the borrower may obtain for the purchase of a home. Seeing stable property values in even the less affluent parts of the county, and even seeing significant increases in places like Lemay, that strikes me as really positive news for the region,” Zimmerman said.
You can look up the percentage change of the home values in your neighborhood over the past month, quarter or year. The booming economy has also contributed to rising home prices in San Francisco. Sales volume peaked last March, while the average price for detached homes sold in the area called Greater Vancouver hit record highs that surpassed $1.8-million during the first quarter of 2016, according to real estate board data. In other areas, the St. Louis County assessor’s office believes values rose markedly over the last two years.
However, the effect on home values of living in a high risk area is being felt in two high risk states — Florida and Louisiana— where home values are not rising as fast as in lower risk cities. The index lags other price indicators, but is widely considered the most reliable read on home values and offers a more accurate depiction of where the market is headed than the median price. But there are some areas where values are rising quickly as buyers bid up prices, real estate professionals say.
The map below presents a general outline of EOG’s largest contiguous block in yellow. I’ve not used Easy Tabs, but looking at it I would guess that it takes each web part (including the CEWP with your code) and hides them, except for the web part in the selected tab. For the moment, though, Greater Houston has lost billions, if not trillions, of dollars in asset value.