The last link is a map that lets you find flood risk exposed properties by zipcode
Far more properties at flood risk than estimated:
” far more U.S. homes — an estimated 14.6 million — face flooding conditions on par with those in FEMA’s 100-year floodplain. In contrast, FEMA’s maps classify 8.7 million homes as carrying substantial risk.”
“The true figure climbs to 16.2 million homes by 2050 when the effects of climate change are included”
“21 states have no requirements for sellers to disclose flood risk”
https://www.politico.com/news/
“Everyone is exposed ”
Fannie:”exposure to flooding-related risk may not be fully captured under NFIP insurance coverage”
Freddie: “Some of the varied impacts of climate change — rising sea levels, changing rainfall and flooding patterns, increasing temperatures — may not be insurable”
NBER: “homes in flood plains are overvalued by $34 billion”
“Homebuilding and mortgage originations in floodplains have risen steadily over the years even as the number of flood insurance policies has fallen”
” where the risk of flooding is highest, the number of policies held has shrunk even faster, according to FEMA. In 2008, there were 2.5 million residential structures in floodplains insured by the NFIP. By the end of 2019, that number had fallen to fewer than 1.8 million.”
“While Fannie and Freddie don’t screen loans for disaster risk, the mortgage lenders who sell them loans do, a dynamic that could be pushing even more risky loans onto the companies’ books.”
https://www.politico.com/news/
https://prod.nber.org/papers/w
https://www.politico.com/f/?id
More articles on Flood Insurance, Rising Sea Levels and Global Warming.