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10 December 2019
Property values plummeted and stayed down after Hurricane Ike
Texas homes that took the biggest hit in value after 2008’s Hurricane Ike were, surprisingly, not those within historic flood zones, new research finds. Instead, they were homes just outside these zones, where damage affected whole neighborhoods, driving property value down for years, according to a team of researchers from the University of North Carolina, Chapel Hill who presented the findings this week at AGU’s Fall Meeting 2019 in San Francisco.