re: What will the flood do to the housing market here?

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28k flood claims filed. That is a lot of inventory off the market for 6 months-1.5 years...

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Look at total sales versus total homes and then run the percentages. All 28K were not on the market. True that there's no chance for them to be now but some may still get bought out by flippers or rehab types. It will distort the market but again, the lack of inventory will not be as pronounced as that raw # makes it seem, and it will be softened by the number of folks who capitalize on the lack of inventory by putting their homes on the market during a time when they otherwise ordinarily wouldn't.

I'm interested in knowing where you got your #...did you get an email about the #'s as of Noon today? Wondering if we know each other...