Texas Fires, Now Nearly Under Control
Posted:
Wednesday, October 26th, 2011
Category:
Real Estate License
A thousand five hundred fifty-four. That’s the number of homes destroyed so far by the rash of wildfires stampeding across many parts of central Texas. The federal government has allowed $30,000 for each affected family to cover such disaster-related expenses outside those covered by insurance as temporary housing, hotel bills, and construction costs. Firefighters, meanwhile, seemed to have turned a corner in their fight against the blaze after managing to contain some 50 percent of the biggest and most destructive of the blazes, the one in Bastrop County.
Except for a few exceptions, the devastation in Texas spells big trouble in the real estate business of the Lone Star State, which ironically, was earlier tagged as one of just a handful of places which had a positive home-price outlook for the rest of the year.
The rebuilding that will surely follow after the fires will only have a significant positive effect on home sales if employment and consumer confidence get a major boost. The federal government realizes this of course and is trying to provide more stimuli to help the doddering economy, but as of August job creation has stalled.
Meanwhile, TX real estate training remains a popular course for real estate professionals who are getting ready for the day when real estate will take off again.
