According to real estate experts, the housing market is indeed bound to be slightly busier following Hurricane Irma than it was befortoe the storm hitting land. Experts state that the reason behind this change is that volatility creates momentum in the marketplace both good and bad. They predict the market taking a hit from 25 to 50 percent down pending closings because everyone took a two-week vacation.
Because people are eager to get back to their normal lives following the storms passing, the market is expected to see buyers and sellers alike expedite their situation by either getting off the fence or seizing opportunities.
Floridians know the risk of hurricanes and Irma was a stark reminder. The Florida lifestyle of beaches and boatings are what gives the area its appeal and buyers are willing to take that risk. Typically, following a hurricane buyers will pay closer attention to safe hurricane features in a home like a hurricane proof windows and whole-home generators.