Are Hurricanes Good For Florida?

Posted: November 18, 2022 | Source: www.floridarealtors.org

According to the National Association of Realtors, hurricanes have very little long-term affect on Florida real estate values. According to NAR, “in most cases these impacted areas witnessed rebuilding booms which led to even more jobs and, ultimately, residents….The average price of homes in the year following a hurricane increased by approximately 5% and almost 10% over two years. In contiguous markets that were not directly impacted, the growth was purported to be even higher.”