Foreclosures rise in Houston post Harvey

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Houston’s housing market has been busy in recovery mode following Hurricane Harvey. The devastating storm has left many citizens without housing and no options in Houston. The housing market is running out of options as well.

Prior to Harvey, foreclosures in Houston were up by 67%. The Dallas News reports:

Economists and real estate agents predict that Houston foreclosures will rise as some owners walk away from mortgages on properties that were heavily damaged by flooding and had no insurance.

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