Gulf Coast agents report spill impacts

Many say impact of unemployment, public perception most significant

The vast majority of real estate brokers, agents and appraisers doing business on or near the Gulf Cost say they’ve seen little physical property damage from the Deepwater Horizon oil rig spill, but nearly one in four say it’s had a negative impact on their market.

A survey of 1,000 Gulf Coast real estate professionals by data and valuation firm Clear Capital found only 3.2 percent have seen any physical property damage.

But 23.8 percent reported negative impacts on their market, and more than half of those said home prices were down by 5 to 15 percent.