The rising sea level is putting a trillion dollars of real estate at high risk. “The question is no longer if rising seas will erode coastal home values, but who will get stuck with the devalued assets when the markets turn,” reported Dee Gill. “Alarmingly, more than half of that (at-risk property) exposure is estimated […]
Tag Archives: flood insurance
Coastal Real Estate Financial Crisis
Posted in Environment, Global Warming, Science, weather
Also tagged climate change, real estate, sea level rise
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National Flood Insurance Program Increasing Rates
FEMA is updating the National Flood Insurance Program’s (NFIP) risk rating methodology through the implementation of a new pricing methodology called Risk Rating 2.0. The methodology leverages industry best practices and cutting-edge technology to enable FEMA to deliver rates that are actuarily sound, equitable, easier to understand and better reflect a property’s flood risk. The […]
Posted in Global Warming, Government, Science, weather
Also tagged climate change, flooding, real estate, rising sea level
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Increasing Cost and Risk of Flood Insurance
The cost of flood damage to homes nationwide will increase by more than 50% in the next 30 years, the First Street Foundation estimates. Flood Insurance Forecast A report by NPR radio, A Looming Disaster: New Data Reveal Where Flood Damage Is An Existential Threat, found: The federal government provides the vast majority of residential […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flooding, real estate, rising sea level
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Increasing Cost of Flood Insurance
“Increased awareness of flood risk and rising future insurance costs impact perceptions of value, which will impact real estate markets,” said Matthew Eby, founder and executive director of First Street Foundation. First Street Foundation published a report that concludes: “Rising sea levels and extreme weather could cause $20 billion of flood damage to at-risk U.S. […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flooding, real estate, rising sea level
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Flood Factor: Estimate Flood Insurance Risk by Address
Flood Factor allows you to enter a property address to determine the future risk of severe flooding. Access data calculated by a team of more than 80 world-renowned experts using decades of peer-reviewed research. Over 142 million properties, neighborhoods, and cities analyzed View any home’s Flood Factor and understand what can be done to protect […]
Posted in Environment, Global Warming, Science
Also tagged climate change, flooding, real estate, rising sea level
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Droughts and Rising Sea Levels
“There has been a 500% increase in the US drought area,” said Al Roker of the Today show while reporting on 2020 being tied for the hottest year. The Washington Post reports, “Drought is the sleeper weather story you’ll hear more about in 2021.” [1} “The impact of desertification is intensifying due to climate change, […]
Posted in Agriculture, Environment, Global Warming, health and wellness, Science, Trees
Also tagged anthropogenic climate change, climate change, desertification, drought, feedback loops, floods, rising sea level, wildfires
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You Can Not Fight the Rising Tide
aA “Built atop spongy marsh and old tidal creeks filled with sawdust” A report by Yale School of the Environment found cities are going to lose the costly battle to hold back the sea. “It’s a nightmare,” says Ana Zimmerman, who moved her family to higher ground after her James Island home flooded twice. “wall-off […]
Posted in Environment, Global Warming, Science, weather
Also tagged climate change, flooding, real estate, rising sea level
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Sea Level Rise and Real Estate
In the research paper, Sea level rise and coastal flooding threaten affordable housing, the authors explain how vast sections of real estate will become uninhabitable in the near future. About Flood Insurance Do I Need Flood Insurance? Flood Risks Across the USA Seriously Underestimated Climate Change: Suspension Of Belief Climate Denial and Climate Change Change […]
Posted in Environment, Global Warming, Science
Also tagged climate change, coastal flooding, real estate, rising sea level
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Residential Real Estate Flood Risk Information
Do you know if you need flood insurance? Do you know if you have flood insurance? What happens when your house gets flooded? Flood risk information has not been readily available to the average consumer. Climate change is making your flood risk drastically increase. Now, one of the major real estate databases (Realtor.com) is making […]
Posted in Environment, Finance, Global Warming
Also tagged climate change, flooding, real estate, rising sea level
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Greenland Ice Sheet: largest single contributor to rising sea levels.
Dynamic ice loss from the Greenland Ice Sheetdriven by sustained glacier retreat by Michalea D. King, Ian M. Howat, Salvatore G. Candela, Myoung J. Noh, Seonsgu Jeong, Brice P. Y. Noël, Michiel R. van den Broeke3, Bert Wouters, Adelaide Negrete Greenland-Ice-Sheet.pdf The Greenland Ice Sheet is losing mass at accelerated rates in the 21st century, […]
Posted in Environment, Global Warming, Science
Also tagged climate change, real estate, rising sea levels
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