Housing demand, home prices to increase as families relocate from recent hurricanes

Courtesy of Concrete Homes Magazine

Already tight supply exacerbated by hurricanes
By Kelsey Ramírez | HousingWire

The recent hurricanes will cause surrounding areas to see an increase in home prices and an uptick in housing demand as residents evacuate the disaster areas in Florida and South Texas, according to Freddie Mac’s latest monthly Outlook for October.

The report analyzed the effects of the recent hurricanes, saying it could create a tighter inventory squeeze along with an increase in mortgage delinquencies.

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