Severely damaged house after hurricane Ian in Florida mobile home residential area. Credit: bilanol/Adobe Stock. Southeast Florida Could See Influx of Residents as Hurricane Ian Spurs Demand for Multifamily Units
Although the effects of economic recovery efforts are typically evident two to six quarters after a hurricane, rising interest rates and other challenges could make that timeline a lot longer.
October 21, 2022 at 02:59 PM
4 minute read
Real Estate
Southeast Florida could see an influx of new residents who were affected by Hurricane Ian, as the damage of the Category 4 storm takes a toll on the affected area's real estate.
Hurricane Ian is considered one of the most costly storms to date with insured losses projected to rise to about $67 billion.
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