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.
Read More »Flood Risk Becoming More Prominent Industry Concern?
Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.
Read More »More Migrating to Areas of Intense Drought
A new report from Redfin found that nearly $17 trillion worth of homes, consisting of nearly 25 million properties, experienced intense drought conditions in August, up 42% year-over-year.
Read More »Rising to the Challenge
With our nation and our industry facing continued and mounting threats from damaging natural disasters each new year, DS News speaks with a cross-section of experts about the challenges faced and solutions required.
Read More »HUD Distributes Nearly $3B in Disaster Recovery Funds
Ten local governments and 13 state governments share in $3 billion to strengthen recovery efforts and improve inclusive resilience to future disasters and climate impacts.
Read More »$75 Billion in Flood Damages Linked to Climate Shifts
“The fact that extreme precipitation has been increasing and will likely increase in the future is well known, but what effect that has had on financial damages has been uncertain,” said one researcher.
Read More »Increasing Natural Disasters Endanger Affordable Housing Supply
Flooding and other natural disasters are increasing, scientists say, putting the nation's already dwindling affordable housing supply at risk, according to a peer-reviewed environmental research paper entitled, "Sea Level Rise and Coastal Flooding Threaten Affordable Housing," by Climate Central and the National ...
Read More »Solving Houston’s Flooding Problem for Homeowners
A new paper discusses ways the U.S.’s most-flooded city can assist borrowers who at risk from damages.
Read More »Non-compliant Properties Claim $1.4 Billion in Flood Damages
Despite a requirement for homes in certain flood-prone areas, FEMA receives tens of millions in claims annually.
Read More »How Climate Change is Impacting the NFIP
According to environment experts, climate change poses a significant risk to the National Flood Insurance Program, and the situation is likely to worsen in the coming years.
Read More »