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: flood risks
Coastal Risk Consulting Partners with U.K.-Domiciled Flood Modeller Fathom
US-based flood and natural hazard risk assessment firm, Coastal Risk Consulting has entered into a new partnership with UK domiciled flood modeller, Fathom. Under the new partnership, Fathom’s up-to-date and comprehensive US flood maps and datasets, for both rainfall and river flooding, are incorporated in Coastal Risk Consulting’s risk reports for US property owners. The… Continue reading Coastal Risk Consulting Partners with U.K.-Domiciled Flood Modeller Fathom
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
US Flood Risk Awareness Increasing as Major Insurers Pull Back: Analysts
While current property flood risk disclosure requirements are set at the state level and can vary quite significantly, Morgan Stanley analysts note how some states have begun implementing more stringent conditions following recent major events. Texas, for example, revised its flood risk disclosure requirements following Hurricane Harvey, with property owners now required to disclosure whether… Continue reading US Flood Risk Awareness Increasing as Major Insurers Pull Back: Analysts