Tags: Hurricane Harvey | harvey | hurricane | homes | path | billion | value

Homes With $39.6 Billion of Value Are in Harvey's Path in Texas

Homes With $39.6 Billion of Value Are in Harvey's Path in Texas
Anthony Aneese Totah Jr | Dreamstime

Friday, 25 August 2017 03:37 PM

More than 230,000 homes on the Texas coast, with a combined reconstruction value of about $39.6 billion, are at risk of damage from storm surge if Hurricane Harvey strikes at Category 3 intensity, according to analytics company CoreLogic Inc.

The Houston area has the biggest number of houses at risk, the real-estate data firm said in a statement.

The hurricane would be the first to hit Texas since 2008, when Ike caused about $29.5 billion in damage, according to a 2009 National Hurricane Center report.

Cars are also vulnerable, given the risk of flooding.

And unlike in the movie “Risky Business,” when a Porsche survived a bath in Lake Michigan, “That doesn’t actually happen in real life,” David Havens, a debt analyst with Imperial Capital who covers insurers, said in a note. “In real life, the car is totaled.”

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More than 230,000 homes on the Texas coast, with a combined reconstruction value of about $39.6 billion, are at risk of damage from storm surge if Hurricane Harvey strikes at Category 3 intensity, according to analytics company CoreLogic Inc
harvey, hurricane, homes, path, billion, value
139
2017-37-25
Friday, 25 August 2017 03:37 PM
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