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Cape Coral

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.

Nonresidential Construction Spending Falls 0.5 Percent in the U.S.

According to the Associated Builders and Contractors trade association's analysis of data published by the U.S. Census Bureau, national nonresidential construction spending was down by 0.5% in June 2022.

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