Hurricane Matthew could put 2 million homes at risk – report

by Ryan Smith07 Oct 2016
Nearly 2 million homes in the path of Hurricane Matthew are at risk of storm damage, according to CoreLogic.

The hurricane – said to be the most severe Florida has faced in years – hit the east coast of Florida today. The storm -- which has already killed more than 400 people in Haiti, according to a Reuters report -- is expected to move up the coast of Florida and into Georgia, South Carolina and North Carolina. It has the potential to cause about $200 billion in damage to real estate in those states, according to a Daily Real Estate News report.

The damage could be even worse; CoreLogic’s estimates contemplate potential damage from storm-surge flooding. They don’t take into account potential damage from wind and rain, according to Daily Real Estate News.

As of this writing, the storm is a Category 3 hurricane with wind speeds up to 120 miles per hour. Forecasters have predicted storm surges of up to 11 feet, and the National Weather Service issued a warning Friday that the storm could leave some areas “uninhabitable for weeks or months.”

The storm has already claimed one life in the U.S., a woman in Florida’s St. Lucie County who suffered a cardiac arrest. Emergency services personnel were unable to reach her in time due to the storm, according to an ABC News report.

Read more:



 

COMMENTS

  • by Freeman Finance | 10/8/2016 12:48:01 PM

    FREEMAN LOAN FINANCE

    A place to get your reliable mortgages at 2% interest rate. We provide financial opportunities at your door step, apply today and get your mortgage immediately. We are only here to serve you better.

    (OUR SERVICES)

    *CASH LOANS
    *STUDENT LOANS
    *PERSONAL LOANSy
    *BUSINESS LOANS
    *MORTGAGES
    *PAY DAY LOANS
    *DEBT CONSOLIDATION
    *WORK FROM AND EARN $350
    WEEKLY.

    Our services are very fast and reliable as mortgages are approved within few hours of application. kindly email us now on

    freemanmortgagefinanceiq@gmail.com
    +17815611941
    (802) 528-1938

    www.freemanfinance.webs.com

    you will be glad you did.

Poll

Is TILA-RESPA a good or bad thing long term?