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).
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.
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.
According to CoreLogic's newly released Wildfire Report for 2022, property owners in the Colorado Springs, CO and Santa Fe, NM metro areas run particularly high risks of property damage from wildfires.
According to a new report from The American Institute of Architects, for the eighteenth consecutive month architecture firms reported increasing demand for design services in July 2022.
Posted on August 30, 2022
Posted on April 18, 2022
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