Melbourne Real Estate News
Melbourne
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.
U.S. Vacation Rental Bookings Rise 27 Percent Annually in January
According to Key Data, the U.S. vacation rental travel sector is looking positive in early 2023, as a significant rise in the number of reservations made online in January spiked, when compared to January 2022.
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%.
$8.1 Billion of Florida Mortgage Transactions at Risk Post Hurricane Ian
Based on new research by CoreLogic, more than 22,282 pending mortgage transactions currently in progress in Florida's 20 affected counties are in jeopardy from storm surge and flooding caused by the recent hurricane, Ian. Nearly 14,000 are purchase transactions where the state's average home sales price is $452,000 (as of June 2022).
