08/28/08

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Will hurricane season scare off more buyers?

House damaged by Hurricane Wilma in 2005

From the South Florida edition: With not-so-distant memories of back-to-back-to-back violent storms still lingering in the minds of homeowners, insurers and brokers, the beginning of hurricane season is about as welcome as the busted real estate bubble. Indeed, meteorologists are forecasting what could be a record year for hurricanes at worst; a worse-than-usual season at best. There's a 65 percent chance of a busier-than-average hurricane season this year, according to the National Oceanographic and Atmospheric Administration (NOAA). NOAA predicted 12 to 16 named storms between June 1 and November 30. Closer to home, the Atlantic Coast can expect up to nine hurricanes in 2008.

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