In what is already the deadliest year in tornadoes since 2011, a widespread and deadly tornado outbreak that began on Easter weekend dealt a devasting blow across the South. The National Weather Service confirmed 105 tornadoes carved destructive paths through 10 states on April 12th and 13th. The tornado outbreak continued in the weeks ahead. Veros Real Estate Solutions analyzed the impact of these tornadoes across two of the ten states, Mississippi and South Carolina, from April 12 – 23, 2020 and determined the potential number of residential properties that may have sustained some level of damage.
Veros Real Estate Solutions identifies 3,444 residential properties potentially impacted in the core of the Easter Tornado Event, with a total market value of $648,430,700 million based on the predictive analytics available through the VeroVALUE AVM.
Using public records, proprietary data and mapping technology, this report details the potential impact to homes, outstanding mortgages and potential impact to insurance coverage.