Cape Coral Real Estate News
Cape Coral
U.S. Mortgage Applications Dip Again in Mid-October
Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 21, 2022, U.S. mortgage applications decreased 1.7 percent from one week earlier.
Property Damage from Hurricane Ian Now Estimated Between $41 Billion to $70 Billion
According to new data analysis by CoreLogic, total flood and wind losses are between $41 billion and $70 billion. This estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.
Historic Hurricane Ian Brings High Flash Flood Risk to 7.2 Million Florida Homes
As Hurricane Ian makes landfall in Southwest Florida today, property data company CoreLogic now estimates that 7,201,572 single- and multifamily residences (SFRs and MFRs) with a combined total reconstruction value (RCV) of $1.6 trillion are within the "moderate" and "high" flash flood risk bands, as forecasted by NHC.
Residential Asking Rents Slow in U.S. for Second Consecutive Month
Based on new data from national property broker Redfin, national median asking rent was up 14% year over year to $2,032 in July 2022.
Cape Coral Property News
Rising Financial Wealth Drives Increased Demand for Vacation Homes in U.S.
Posted on October 11, 2019
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