“Housing markets in Florida will face difficult times as many Florida residents have been impacted by the devastating storm. Initially, we are likely to see an increase in mortgage delinquencies as is typical following catastrophes. Also, rents are likely to jump as households who lost their home seek immediate shelter. Longer term, home price growth in hard hit areas is likely to lag that of the rest of the state and nation as people may opt to move to areas less prone to natural disasters.” --Selma Hepp, interim lead of the Office of the Chief Economist with CoreLogic, Irvine, Calif.

Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market improved slightly in the second quarter.