Items Tagged with 'Hurricane Michael'

ARTICLES

  • Hurricane Michael threatens more than 200,000 multifamily units

    Displaced families in need of a temporary home could spike short-term demand
    New data from Yardi indicates that more than 200,000 multifamily units are at risk due to Hurricane Michael. Virginia Beach, Virginia, Wilmington, North Carolina, and Tallahassee, Florida, are the cities with the most multifamily units in harm’s way, according to the report. These cities hold 36,317, 33,423 and 32,277 at-risk units, respectively.
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  • Hurricane Michael may prevent thousands of mortgages from closing

    ClosingCorp: More than 1,600 pending transactions are in jeopardy
    An estimate by real estate data provider ClosingCorp reveals that more than 1,600 pending mortgage transactions are in jeopardy as a result of the devastating impact of Hurricane Michael. The Category Four storm may affect more than $400 million in loans as residents and lenders grapple with the damage left behind in Michael’s wake.
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  • Here's how many homes are currently threatened by Hurricane Michael

    The storm has an estimated reconstruction cost value of approximately $13.4 billion
    Hurricane Michael is expected to make landfall Wednesday, threatening 57,002 homes along the Florida Gulf Coast. An early analysis by CoreLogic indicates that the Category 3 storm has an estimated reconstruction cost value of approximately $13.4 billion.
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