This is FOX Business continuous' update on the latest news of Hurricane Dorian
11:14 pm ET
Hurricane Dorian gains strength becoming a Category 3 storm, according to the National Hurricane Center. Category 3 means winds of 115 mph.
10:15 pm ET
Dorian is centered about 130 miles south of Charleston, South Carolina, moving north at 8 mph. Hurricane-force winds extended up to 70 miles according to the National Hurricane Center. A hurricane warning extends from north of the Savannah River in Georgia up to the North Carolina-Virginia border.
8:48 pm ET
The storm has been downgraded from a Category 5 to a Category 2 -- but still had dangerously high winds and threatened to swamp low-lying regions from Georgia to southeastern Virginia on its trek northward.
Dorian's path seems headed for near Charleston, South Carolina, which is vulnerably located on a peninsula. A flood chart posted by the National Weather Service projected a combined high tide and storm surge around Charleston Harbor of 10.3 feet; the record, is12.5 feet which was set by Hurricane Hugo in 1989
Some 830,000 people were under mandatory evacuation orders on the South Carolina coast and the Associated Press is reporting more than 400 people were in state-operated shelters.
Beyond Charleston, a curfew was being put in place for Beaufort County, South Carolina, from 10 p.m. tonight until 6 a.m. Thursday according to the Beaufort County Sheriff’s Office Facebook page. The curfew includes the city of Beaufort and the towns of Bluffton and Port Royal.
7:37 pm ET
Duane Sands, the Health Minister of the Bahamas says the death toll in the islands from the destruction of Hurricane Dorian has now risen to 20 and the Associated Press reported that more fatalities are expected.
7:24 pm ET
Hurricane Dorian is expected to travel up the East Coast this week, bringing dangerous storm surges, flooding, gusting winds and potentially even tornadoes – along a new path that could result in billions of dollars’ worth of additional damages.
“Hurricane Dorian’s change in direction has shifted the risk spotlight toward a broader residential real estate path, encompassing $1.7 trillion this week, up from a projected $1.5 trillion when it was expected to make landfall along the Florida coast,” George Ratiu, a senior economist for realtor.com, said in a statement to HousingWire. “While the storm intensity has been downgraded, it remains a serious threat.”
Realtor.com estimates 6.6 million households could be impacted. The economic effects could also be extensive, with the potential to disrupt not only home sales and construction but also things like local tourism.
Dorian is currently a Category 2 storm and has brought coastal flooding along eastern Florida. According to The Weather Channel, Dorian is on a similar track to 2016’s Hurricane Matthew, which wrought about $10 billion in damages.