Industry NewsNews Brief

Tracking real estate fallout of Gulf spill

Mortgage tech firm seeks photos, comments from industry professionals
Published on Jun 21, 2010

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by CareyBot

A mortgage technology company is seeking data from Gulf Coast real estate professionals as it develops a website tracking the BP oil spill's impact on home values.

Oxford, Miss.-based FNC Inc. will launch a website this fall tracking sale prices and property values for homes up to 100 miles from the coast since an April 20 oil rig explosion set off a massive oil leak in the Gulf. A recent Inman News article covered the real estate impact of the spill; property values could drop at least 30 percent in some affected areas, according to one forecast.

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