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Storm adds to oil pain of Houston's home market

Flood damage could jeopardise the payoff of about US$1.13 billion in loans maturing in the next 12 months.

DECLINING energy prices have already battered Houston's real estate market. Now, Hurricane Harvey is making it even worse.

Some US$8.9 billion of loans packaged into commercial mortgage-backed securities since the financial crisis are supported by Houston-area offices, malls and hotels,...