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Property Loss: Harvey vs. Katrina

 

 

 

 

 

 

 

Property damage caused by Hurricane Harvey is projected by Moody’s Analytics to be between $51 billion and $75 billion, but there are immense unknown costs. Given the dense population of the impacted region, stats given to DS News by Black Knight Financial Services project Harvey’s effect on the mortgage market to be greater than that of Hurricane Katrina.

In Houston and the surrounding areas, there are over twice as many mortgaged properties and four times the unpaid principal balances compared to Katrina’s FEMA disaster zones.

Read Full Article [Source: www.dsnews.com]

The post Property Loss: Harvey vs. Katrina appeared first on B2B Labs.

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More Stories By Ben Bradley

Known for wearing plaid and sweater vests before they were popular, Ben Bradley is managing director of Macon Raine, Inc. (www.maconraine.com) - a management consulting, marketing and demand generation firm for technology organizations. He is a graduate of the University of Iowa and was a member of the undergraduate Iowa Writer’s Workshop. His interests include the intersection of technology and marketing. Because he was never very good at sports and doesn’t have many hobbies, his primary interests include the role of marketing on internal technology adoption, micro-finance, military uses of technology and media, self-organizing networks, network and physical security, collaboration and groupware. He frequently lectures his children on a variety of topics. Bradley was raised in Wheaton, Illinois and currently resides in Glen Ellyn, Illinois with his wife, two children and a purebred Latvian Goathound named Stella.