Orlando Real Estate

It Was 5 Years Ago Today

August 13th, 2009 7:51 AM by David W. Welch

Hurricane Charley was five years ago today, and so far this year we don't even have a named storm yet. Hopefully, it will stay that way. If you are concerned about hurricanes, consider this Central Florida rarely gets a direct hit from these huge storms. Back in 1960, Donna made a direct hit then Charley in 2004. We did also have Frances and Jean that year, but frankly they were non-events. People whose homes were damaged by Charley fought to keep the rain out during the later two. If Charley had not hit, nobody would even remember Frances and Jean. Last year tropical storm Fay dropped a lot of water on Central Florida and it caused problems that live along the St. Johns, but inland it pretty much just filled up our retention ponds.

The really unexpected consequence of Charley et al was on our real estate market. The hurricanes did damage so many homes that they served to deplete our already lower inventory of homes available. Mother nature actually forced us into a shortage situation fueling the speculative buying. That is not my idea of a stimulus plan.

Let's hope and pray for a continued quiet season.

Orlando Real Estate, David Welch Real Estate Optimist

Posted in:General
Posted by David W. Welch on August 13th, 2009 7:51 AM


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