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Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

Forecast: Property Damage from Hurricane Milton Could Cost up to $50 Billion

by Phil Hall | Oct 16, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Insured industry losses to onshore property for Hurricane Milton could range from $30 billion to $50 billion, according to a forecast from the Extreme Event Solutions group at Verisk (NASDAQ: VRSK). The new forecast noted the back-to-back impact of Hurricane Helene...
Hurricane Milton Arrives in Florida

Hurricane Milton Arrives in Florida

by Phil Hall | Oct 9, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Hurricane Milton has reached Florida as a Category 3 storm and is on track to create billions of dollars in damages. According to combined media hurricane reporting, this is the first major hurricane to strike Florida’s Tampa Bay since 1921. The Tampa Bay metro area...
The Agency Opens New Office in Orlando

The Agency Opens New Office in Orlando

by Phil Hall | Oct 8, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The global real estate brokerage The Agency has opened its fourth Florida office in Orlando. The new locale, known as The Agency Orlando, follows the company’s Sunshine State offices in Miami, Palm Beach and Naples. The office will be led by Managing Partner Brian...
Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

Hurricane Milton Reaches Category 5 Level Ahead of Florida Landfall

by Phil Hall | Oct 7, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

Hurricane Milton intensified in the Gulf of Mexico today, transitioning into a Category 5 storm ahead of its scheduled landfall in Florida on Wednesday. According to combined media reports, the storm was a Category 1 hurricane on Sunday evening before rapidly...
Airbnb Offers Free Temporary Housing for People Displaced by Hurricane Helene

Airbnb Offers Free Temporary Housing for People Displaced by Hurricane Helene

by Phil Hall | Oct 2, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Airbnb.org, the nonprofit arm of Airbnb (NASDAQ: ABNB), announced that it would offer free temporary housing for people who have been displaced by Hurricane Helene. The organization is teaming with the Florida United Methodist Conference and 211 contact centers in...
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