Following several years of quiet hurricane seasons, a new report by CoreLogic, a property information and analytics company based in Irvine, Calif., says that as many as 6.8 million homes along the Atlantic and Gulf coasts could be at risk for hurricane storm surges.
This could be an issue as the El Nio weather pattern which normally suppresses hurricanes in the Atlantic Ocean yields to the La Nia pattern, known for generating more tropical storms and hurricanes.
The good news is that the number of homes in the most extreme category has dropped, as has the value of those homes at risk. The study also highlights the total reconstruction cost for homes along the coasts at more than $1.5 trillion.
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