With more than 50% of Hurricanes Milton and Helene insurance claims closed, payouts have exceeded $5 billion between the two storms as property owners work to recover from the widespread damages.
The total estimated insured losses in Florida from both storms is $5,033,738,579.
The total estimated insured losses for Hurricane Helene were $1,990,543,518 as of Monday and the total estimated insured losses for Milton were $3,043,195,061.
Statewide, there have been 285,311claims for Milton and 135,505 claims for Helene, totaling 420,816. Pinellas County claims account for 21% of the statewide total.
As of Monday, 11/20/24 the number of claims filed in Pinellas County reached 47,095 for Helene and 41,080 filed claims for Milton totaling 88,175.
Source: Florida Realtors
Mortgage Rates
Tick Up
Mortgage rates ticked back up this week, continuing to approach 7 percent. Heading into the holidays, purchase demand remains in the doldrums. While for-sale inventory is increasing modestly, the elevated interest rate environment has caused new construction to soften.
