Featured in National Mortgage News (see the article here) There are 39 counties included in the Hurricane Harvey Presidential Declared Disaster (PDD) Areas. While all of these counties were affected by the hurricane, the impact to property damage varied across neighborhoods within the counties. Some neighborhoods experienced a more significant destruction to properties than others....more
Category: Data Visualization
KHOU 11 Investigates teamed with SP Group on a segment identifying the impact on the Texas housing market should the National Flood Insurance Program lapse. We found nearly 216,000 homes in Texas sit in floodplains. Nearly half of those, or 105,000 homes, are in the greater Houston area. The clock is ticking toward a deadline that would...more
The Department of Housing and Urban Development (HUD) allocated $5 billion in Community Development Block Grants Disaster Recovery (CDBG-DR) funds to the State of Texas for the purpose of assisting in long-term recovery from Hurricane Harvey. HUD requires that 80% of these funds, or $4 billion, must be expended in HUD-identified “most impacted and distressed areas”, which are the...more
Besides Hurricane Maria, only one other category 5 hurricane made landfall in Puerto Rico in over 150 years – the San Felipe Segundo that hit the island in 1928. In more recent history, Hurricane Georges, a category 3 storm, hit the island in 1998 causing significant destruction. In this Part 1 of our series on...more
Frail Housing Market Before Hurricane Maria Prior to Hurricane Maria, Puerto Rico faced significant fiscal challenges, including high rates of debt, poverty, and unemployment coupled with a frail housing market. According to Puerto Rico’s Officer of the Commissioner of Financial Institutions, more than 5,700 homes were foreclosed in 2016, which is more than double the foreclosures from a...more
There are 16 wildfires burning in California. One of the largest fires is the Carr Fire near Redding. The Carr Fire has been burning for more than three weeks and as of mid-August, it has not been fully contained. It has destroyed more than 1,000 homes and over 200,000 acres, making it one of the largest wildfires in California’s history. To...more
In October 2017, California’s most destructive wildfire, the Tubbs Fire, swept through Santa Rosa in Sonoma County. It destroyed nearly 5,000 homes and had a significant impact on the area’s housing market. In August 2018, less than a year after the Tubbs Fire, the Carr Fire has destroyed over 1,000 homes just a couple hundred miles north of Santa...more
Author’s Note: In the spirit of Halloween, here is a sneak peek at areas that offer more treats than tricks for investors! SP Group Identifies 4,883…...more