Assume you want to sell your Cape Coral, Florida, home and believe you’ll get a good price because of its proximity to the water. Perhaps you’re considering purchasing a starter home in a newly developed Houston neighborhood. As you considered the home’s curb appeal, did you consider the property’s risk of flooding in the next… Continue reading Real Estate Listings with Flood Scores Shift Home-Shopper Habits
Tag: coastal properties
Climate Risk in the Housing Market Has Echoes of Subprime Crisis, Study Finds Image
Banks are shielding themselves from climate change at taxpayers’ expense by shifting riskier mortgages — such as those in coastal areas — off their books and over to the federal government, new research suggests. The findings echo the subprime lending crisis of 2008, when unexpected drops in home values cascaded through the economy and triggered… Continue reading Climate Risk in the Housing Market Has Echoes of Subprime Crisis, Study Finds Image
Hurricane Irma’s Price Tag in Florida Passes $10 Billion
The price tag for Hurricane Irma keeps going up. The estimated insured losses in Florida have hit $10.5 billion, and that doesn’t even include flood damage. On the brighter side, the pace of new claims has slowed considerably in recent months and in our local counties, less than 4 percent remain open. Florida property owners… Continue reading Hurricane Irma’s Price Tag in Florida Passes $10 Billion