Redfin CEO says buyers still ignorant of climate change threat

Redfin Chief Executive Glenn Kelman has said buyers looking for affordable homes are increasingly “marching into the jaws of destruction” by ignoring the threat of climate change. Scientists say human-induced climate change is resulting in more intense wildfires as well as the increased ferocity of hurricanes and floods, which all pose severe risks to homes

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Survey shows most Americans are unafraid of natural disasters

Americans say they’re aware of the risks related to climate change, but they remain unconcerned it might affect their homes. According to a survey of 2,700 Americans by personal finance website The Simple Dollar, around 55% say climate change is leading to increasingly severe and more frequent natural disasters. But some 32% say they’re unafraid

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‘Underinsurance’ threat looms in disaster-prone areas

An uptick in reconstruction costs in certain disaster-prone areas means many homeowners may find themselves inadequately insured for the next catastrophe. Reconstruction costs have risen by 5.6 percent to 7.6 percent in some areas over the last year, according to CoreLogic’s 2019 Insurance Coverage Adequacy Report. CoreLogic examined potential underinsurance issues in four regional scenarios,

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Zillow: Experts say prevention, not relief, is the cure to fix natural disasters

With the growing threat of climate change and natural disasters to communities across the United States, economists and real estate experts favor funding for preventative measures and construction regulations over the government providing or requiring insurance. That was a key finding of Zillow’s first quarter Home Price Expectations Survey. It asked more than 100 real

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Natural disasters caused $11B worth of real estate damage in 2018

The United States was hit hard by natural disasters in 2018, suffering 11 major events including floods, hurricanes and wildfires.

Surprisingly, home values in disaster-prone areas appreciate faster than others

The median price of a home in an area that’s at risk of a natural disaster such as Hurricane Florence has increased by an average of 40 percent over the last ten years, according to new data from ATTOM Data Solutions.

CoreLogic: Mortgage delinquencies spike following natural disasters

Natural disasters such as wildfires, flooding and hurricanes are having a considerable impact on mortgage delinquencies, according to new research from real estate analytics firm CoreLogic.

Are Your Investments Insured If the Ground Rumbles and the Wind Blows?

Natural disasters and storms happen all of the time. Often in unexpected places. The weather is changing and storms are on the horizon. You may need to give some thought to your property insurance coverage. Many times, you’ve seen pictures on television of flooding caused by rivers, hurricanes, and other causes. Totally unexpected natural disasters

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RealtyTrac: How natural disasters impact home prices (video)

Four hurricanes are currently brewing in the Pacific and Atlantic. Wildfires have ravaged more than 8 million acres in the U.S. in 2015 alone.

RealtyTrac: 35.8 million single family homes face natural disaster risk

RealtyTrac has announced the timely release of its second annual U.S. Natural Disaster Housing Risk Report that takes a look at the possible impact of five natural disaster types that may impact on U.S. housing.

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