Tag Archives: First Street Foundation

A new report from Realtor.com found that cumulative price growth of low-risk homes consistently outperformed the rate of high-risk homes, suggesting that flood risks are increasingly reflected in housing prices.

While properties in Louisiana are most at-risk of flooding, an analysis of FEMA and Value Penguin data concluded that West Virginia had the highest percentage of homes that would be impacted in a 100-year storm.

CoreLogic reports that nearly 33 million U.S. properties may suffer the impact of hurricane-force winds, and 7.8 million could face storm surge damage in what is predicted to be a “severe” hurricane season.

While flood damage is estimated to increase by 61% over the next 30 years, rates of flood insurance coverage lag behind—a mounting threat for property owners. Natascha DeVries, VP, Account Management at ServiceLink National Flood examines this impact.