The U.S. is headed into what’s expected to be a busy hurricane season, according to the National Oceanic and Atmospheric Administration (NOAA), which forecast up to 25 named storms over the summer—which would be a record.

While more storms doesn’t guarantee more damage, it certainly elevates the risk to property.

“If there were a virtual dashboard for how bad this hurricane season would be, every one of the boxes is red,” said Tom Larson, an insurance expert with real estate data firm CoreLogic. “It doesn’t mean that we’re definitely going to have a bad hurricane season, but everyone’s on alert that this could be a very bad year.”

There are 32.7 million homes in the country with at least moderate exposure to damage from hurricane winds, and a further 7.7 million homes are at risk from storm surge, according to an annual report CoreLogic released Thursday, which estimates the level and cost of hurricane risk to America’s housing inventory.

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