We Buy Houses For Cash – How Many Ways Will Hurricane Irma Affect Real Estate Prices?

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Now that hurricane Irma has faded into oblivion, the physical damage and toll it took on property owners have been largely measured and counted in the immediate aftermath. However, many are wondering what ways it might impact real estate prices in the longer term. There are 5 particular possibilities. Keep reading to learn what they are.

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1) Home prices will rise from there being less of them:

The hurricane, along with other storms of this season, destroyed a lot of homes.Some homeowners may not bother rebuilding, even with insurance or government aid.

Even if the lots are sold and rebuilt, it means the total available housing supply will be suppressed for months or years. This decrease in supply will put upward pressure on prices, especially in Florida areas that got hit.

2) Property values could fall due to the damage:

One thing that could conversely put downward pressure on real estate prices is the fact that the damage was widespread and considerable.

If a homeowner chooses not to rebuild or their home was a loss, they might just take the insurance check and then sell the place as-is cheap. Even homes that are still standing are not whole or full, and their values might plummet.

3) Home prices will rise due to labor costs:

One thing that could have a subtle yet lingering effect on real estate across many regions and states is the fact that labor costs are bound to go up. The reconstruction efforts are going to take time, and it’s extra work for specialists and contractors in the construction industry, where many professionals are likely to flock to stricken areas for months or even years to make money. That will constrict the labor supply everywhere, driving up labor costs for construction and renovations across all homes, new or otherwise.

4) Property values might fall in distraught neighborhoods:

Not every neighborhood that got damaged was wiped off the map or flattened. Many took moderate to significant or severe damage but still have some residents. Still, with various homes on the street needing serious work, it will depress local property values until all the homes are restored with owners or tenants in them.

5) Home prices might rise outside of hurricane areas due to demand:

A minor but possible impact on real estate prices outside of Florida and other states directly hit by hurricanes is that of residents who evacuated who are not planning on returning. Millions fled the storm only to return to lots that were destroyed or damaged.

Some are deciding not to rebuild and get out of hurricane areas, driving up demand for housing in those places. Even some who returned to structurally sound homes are still looking to get out of the area.

It might be some time before the full impact of the 2017 hurricane season on real estate prices is fully known, and even then it might not be possible to pinpoint everything on Irma, as Harvey also made domestic landfall in Texas. However, the 5 ways listed here are certainly possibilities for states impacted by Irma.

Furthermore, Maria’s damage to Puerto Rico will inevitably have consequences as well. Buyers are not going to be looking at buying or moving to an island that might go months without power, and several hundred thousand citizens of the island might flee or not return. Their presence in the continental United States, particularly the state of Florida, which is closest, would further increase demand for housing that remains viable, providing another upward force on real estate prices.

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Understanding Tremors – Classifications & Possible Causes Of Body Tremors

Tremors can be worrisome and frustrating, especially when they involve your whole body and affect your ability to perform tasks efficiently. Finding the underlying cause of your tremors is the first step to finding a cure or treatment, and is key to getting your life and health back on track. Visiting your doctor is the best way to get the information you need on tremors, of course going prepared with an idea of what might be going on is a good idea, helping you understand the terminology and possible outcome.

The type of tremor you are experiencing will make a big difference in the diagnosis, and is the first step to getting to the bottom of the problem. There are about 7 different classifications of tremors, from essential tremors (that are the most common), to psychologic tremors that occurs in every normal person as a result of hypoglycemia, hypothermia, heavy metal poisoning or substance abuse. The first step will be to determine what classification to give your tremors, so if you are able to videotape the incidents it will be very helpful.

During the examination the doctor will also determine when the tremors occur – when you’re resting? All the time? When you move or do certain things? These clues will help point to the underlying cause of the tremors, and give the doctor one more piece of the puzzle.

If a simple problem, such as low blood sugar, isn’t found, then you will probably need a neurological exam to check your nervous system for potential causes. This might include an EEG, and depending on the severity, and MRI or CAT scan to rule out any physical abnormalities.

The good news is that there are many potential treatments for your tremors. In some cases medications can help to control the tremors, in other cases if the tremor is psychological, treatment could cause the tremors to disappear completely. Physical therapy and surgical intervention are also available for extreme cases where other therapies didn’t work.

Full body tremors can be frustrating, but a visit to your physician and a little info can help you be on your way to diagnosis and effective treatment. If possible record your tremors or have a family member do it for you to help you doctor see what you are going through. This will help them piece the symptoms together much more quickly, for a quicker result.

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NSCA Launches Blog February 2016

It’s the beginning of a new year and here at NSCA we’ve launched a brand new blog. You can find updates to the blog by checking back to this site later on.

There are so many events which go on during a typical year, and this area will act as a great place to share new and upcoming information with everyone.

The presidential election in November of this year will also assuredly turn up a few hot topics, which we will also discuss here.

Thank you for visiting and we look forward to seeing you again.

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