Both homeowners and lenders may be underestimating the rising cost of insurance following a growing number of natural disasters, according to a SitusAMC white paper titled “Weathering the Storm: Burgeoning Insurance Costs for Real Estate.” The paper found that natural disasters have impacted residential property nationwide, not just in areas with highly publicized disasters such…
Natural disasters are impacting home values in high-risk areas at a time when home prices are soaring across the United States, according to a realtor.com analysis released Monday. The value of homes in high-risk flood areas grew at 5 percentage points lower than homes in similar areas with less flood risk, while the values of…
Led by homeowners and renters in the Northeast, more than a quarter of Americans say they want to or have already moved due to the recent spate of fires, floods and hurricanes, according to a new report by Redfin. The survey found that 27 percent of Americans said the natural disasters made them want to…
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