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Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties

/PRNewswire/ (NASDAQ: RDFN) The median sale price of homes with high flood risk was $402,010 in the first quarter of 2021, compared with $353,783 for. ....

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Buyers Want Waterfront Properties, Increasing Flood Risk

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 they want, said Redfin senior economist Sheharyar Bokhari. While flood risk is intensifying in many parts of the country, it doesn t seem to be a deal breaker for a lot of homebuyers. This may be because buyers aren t aware they re purchasing a home in a flood plain or just don t view it as an immediate danger. Places with high flood risk are also often home to large concentrat ....

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The 20 Most Vulnerable Cities to Flooding in the United States

The 20 Most Vulnerable Cities to Flooding in the United States
sulphurdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sulphurdailynews.com Daily Mail and Mail on Sunday newspapers.

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Coastal News Today | CA - One in Five LA County Properties at Risk of Flooding in Next 30 Years

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What You Need To Know
According to a new assessment, one in five properties in L.A. County could flood within the next 30 years
By 2051, each property at risk of flooding in California will incur an average annual loss of $10,444
The First Street Foundation s Flood Factor tool calculates the current and future flood risk for individual properties, including damage cost estimates
Most flooding in the county is caused by extreme rainfall
The nonprofit research group found that 132,046 properties are already at risk of flooding in L.A. County a number that will grow 1.3% in 15 years and 2.6% in 30 years, as global warming causes weather patterns to change and bring stronger storms. ....

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Costs of climate change are rising: New research shows how local communities could be strained in the near-term

Costs of climate change are rising: New research s.
Costs of climate change are rising: New research shows how local communities could be strained in the near-term
This blog post was co-authored with Nina Donaldson
Much of the existing research on climate change impacts focuses on end-of-century projections across nations, but this misses the very real costs that everyday Americans are already facing daily and will continue to face in the months and years ahead. Case in point today: While most Americans believe that climate change currently affects the U.S., only about a third of the adult population believes that local effects of climate change directly impact their personal lives. ....

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