Tag Archives: flood

Climate change does not seem to be factoring into homebuyers' decisions on where they are purchasing homes according to Redfin, as nearly 400,000 more people moved into than out of the most flood-prone counties in 2021 and 2022—an increase of 103% over the two years prior.

Acknowledging the looming dangers of a warming planet, CoreLogic has released new research accounting for factors such as rising sea levels, increased frequency of intense storms, and the amount of flooding that could be caused by storms in the Miami area by 2050.

New solution offers a view of physical risk, leveraging Google Cloud, combining hyperlocal property data with financial information to estimate and mitigate the impact and cost of future catastrophes.

“The above analysis clearly indicates a property in flood zones sells for less and appreciates slower over time than a similar property outside flood zones, given everything else is equal, in Miami,” according to CoreLogic's report.

Bad news for homeowners with a flood insurance policy—for the majority of homeowners in flood zones, rates are more than likely going to go up when the policy renewal time comes around.  Starting October 1, 2021, the Federal Emergency Management Agency (FEMA) switched to a new risk rating system colloquially known ...

According to new research, the negative, lasting effects of redlining practices include an increased chance of water damage to homes in historically impacted areas.

During a time of increased mortgage delinquencies, storm surges can have an even more devastating effect on those who are underinsured, experts say.

The new report details several areas of customer frustration related to the NFIP that warrant a systemic solution.

FEMA transferred the National Flood Insurance Program’s flood risk to the capital markets through the issuance of its third catastrophe bond transaction

According to new research from Rice University, government buyouts of flood-damaged homes disproportionately benefit whiter, wealthier communities, even as low-income and minority homeowners are more likely to participate in such programs.