The WPJ

Cocoa Beach

Southwest Florida Housing Markets Hit by Hurricane Ian Bouncing Back

According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.

FEMA Paid Out $3.9 Billion in Flood Insurance Payments from Hurricane Ian

According to new data from the Federal Emergency Management Agency, months after Hurricane Ian swept across the southeast United States in 2022, FEMA's National Flood Insurance Program (NFIP) has paid over $3.9 billion to more than 48,000 policyholders.  

$340 Billion in Property Taxes Levied on U.S. Homes in 2022

Based on ATTOM's 2022 property tax analysis for 87 million U.S. single family homes, $339.8 billion in property taxes were levied on single-family homes in 2022, up 3.6 percent from $328 billion in 2021. The increase was more than double the 1.6 percent growth in 2021, although smaller than the 5.4 percent increase the prior year.

Pending Home Sales Plummet Over 50 Percent in Hurricane Ian Stricken Florida Cities

According to national property broker Redfin, pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16, 2022, in the aftermath of Hurricane Ian. That's nearly twice the nationwide decline of 32%.

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