Page 9 - Flood Factor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

If the house you’re about to buy is going to be under water in 30 years, should that be disclosed during the sale?

Buyers Want Waterfront Properties, Increasing Flood Risk Katie Jensen Places that are prone to flooding are seeing more growth in home sales. A Redfin report reveals that the median sale price of homes with high flood risk was $402,010 in the first quarter of 2021, compared with $353,783 for homes with low flood risk. High risk homes sold for a record 13.6% premium, up from a premium of 10.1% in the first quarter of 2020 and a premium of 7.2% in the first quarter of 2019.  "Americans are buying the beach houses they always dreamed of because they have the flexibility to work from wherever th...

Maps and other data are now available to help buyers analyze the risks of fires, floods and other disasters when searching for a new house.

Add ‘Climate Hazards’ to Your Home-Buyer’s Checklist Maps and other data are now available to help buyers analyze the risks of fires, floods and other disasters when searching for a new house. Credit...Stuart Bradford June 1, 2021, 6:00 a.m. ET As global temperatures increase and sea levels rise, home shoppers are looking at more than just location, price and the number of bedrooms when exploring properties. They are also wondering about the risk of natural disaster, and what that risk might mean for a home’s value over time. It’s a question that’s long been cons...

'Now, it's about elevation': Buying a South Florida home in the era of sea level rise Alex Harris and Rebecca San Juan, The Miami Herald May 13—In South Florida, top considerations for choosing a new home have shifted, thanks to climate change. "Before it was location, location, location. Now, it's about elevation, elevation, elevation. The new buyer has to worry about both," said George Jalil, broker and president at Miami Way Realty. Sea level rise doesn't top the list of buyer or seller concerns in South Florida — especially if you're rich enough to afford the ever-skyr...