Friday , 2 June 2017
Home » Beyond Today’s News » Sandy’s Surge Seen Causing $67 Billion in Damage
CoreLogic today warned that storm surges generated by Hurricane Sandy could ruin more than 210,000 homes valued at over $67 billion among the coastal Mid-Atlantic states as the storm makes its way inland today and tomorrow.

Sandy’s Surge Seen Causing $67 Billion in Damage

CoreLogic today warned that storm surges generated by Hurricane Sandy could ruin more than 210,000 homes valued at over $67 billion among the coastal Mid-Atlantic states as the storm makes its way inland today and tomorrow.
“Based on current forecasts, Sandy is likely to make landfall along the northeastern Atlantic coast early Monday,” said Dr. Howard Botts, vice president and director of database development for CoreLogic Spatial Solutions. “Though it is still early and the projected path is constantly changing, Sandy could pose an enormous threat to major metropolitan areas in the Northeast, like New York City and Long Island, Atlantic City and Baltimore.”
Total number and total value of residential properties by coastal Mid-Atlantic state are:
State Number of Properties at Risk Value of Properties at Risk
New York 81,078 $35,128,036,406
New Jersey 75,314 $22,601,229,263
Delaware 8,894 $2,069,493,600
Maryland 30,131 $8,983,837,253
Virginia 66,544 $11,311,646,410
The number of residential properties in each metro area and their respective potential exposure to damage are as follows:
Metro Area Number of Properties at Risk Value of Properties at Risk
New York City-Northern New Jersey-Long Island, NY-NJ-PA 119,312 $48,064,953,474
Atlantic City-Hammonton, NJ 20,283 $4,807,676,476
Washington-Arlington-Alexandra, DC-VA 2,207 $734,901,116
Baltimore-Towson, MD 10,010 $3,508,329,420
Virginia Beach-Norfolk-Newport News, VA-NC 59,042 $10,029,968,947
Hurricane-driven storm-surge flooding can cause significant property damage when high winds and low pressure causes water to amass inside the storm, releasing a powerful rush over land when the hurricane moves on shore. The CoreLogic analysis measures damage from storm surge and does not include potential damage from wind and rain associated with hurricanes. CoreLogic today warned that storm surges generated by

One comment

  1. Pingback: Homepage

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Earn a 25% Commission Rebate on Any Home Purchase!

Hide