Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.02
Real Estate

Hurricane Florence threatens nearly 759,000 homes

Reconstruction could total $170 billion

Hurricane Florence is brewing over the coast, set to make landfall on the mid-Atlantic states Friday morning.  

An early analysis by CoreLogic shows that 758,657 homes in North Carolina, South Carolina and Virginia could be affected by the Category 4 storm.

The report also sheds light on potential damage of the storm surge, estimating that reconstruction costs could total $170.2 billion.

“Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore,” the CoreLogic report stated.

More than 1 million people may be evacuated Tuesday in advance of the story, according to CNN, which calls Florence one of the biggest hurricanes to hit the eastern seaboard in decades.

"This will be a storm that creates and causes massive damage to our country," Jeff Byard, Federal Emergency Management Agency associate administrator, said. "This is not going to be a storm that we recover from in days."

The table below shows the total number of properties at risk of storm surge for each of the five hurricane categories, as well as their accompanying reconstruction cost value for core-based statistical areas along the North Carolina, South Carolina and Virginia coasts that could be affected.

corelogic chart

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please