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3 things to remember when buying a home in a disaster-prone area

Housing Wire

Wildfires have been raging across the West Coast for weeks now, and hurricanes Sally and Laura just ravaged countless cities across the South. For Americans considering homeownership, these trends can be particularly worrisome—especially for those buying in more disaster-prone areas. In 2018, it was $186 billion.

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Homes in high-risk wildfire areas are more affordable

Housing Wire

Wildfires continue to rip through the west coast, but that doesn’t mean homebuyers won’t purchase in high-risk areas. million homes are located in areas at high risk of wildfire across the states of Washington, Oregon and California, with a total estimated home value of $3.3 More than 4.5

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Are You Considering Buying a Home in a Wildfire-Prone Area?

Mandrona Group

A recent report by the United Nations Environment Programme (UNEP) and GRID-Arendal finds that wildfires are becoming more intense and. Read More.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

“I thought this was my forever home,” Gregory told First Coast News , which first reported the story. “It can’t be my forever home if I can’t afford it.” ” And Gregory’s story is becoming commonplace in flood-prone areas of the United States, especially in Florida. .

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DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. That comes with its own risks – in many cases, wildfires. Data from CoreLogic shows that the number of homes built in the Very High Fire Hazard Severity Zone (FHSZ) in California has declined to 3.5% The result?

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Fires threaten nearly 40% of all Utah homes

Housing Wire

Nearly two out of every five homes in Utah face high fire risk — that’s more than 400,000 properties, the highest share of any state in the Western U.S., Nineteen percent of homes in Colorado are at high risk, and 14.4% of homes in Idaho are at high risk, the study found. Last year, 58,950 wildfires burned 10.1

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Climate Change and Home Buying: Factors to Consider and How to Make Informed Decisions

Realty Biz

Climate change has a wide range of effects that can influence where you might decide to buy your first home. Here's a detailed look at how climate change may affect this decision: Flood Risks : Rising sea levels and more frequent and severe storms can increase the risk of flooding in coastal areas or near rivers.

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