How Flood-Risk Information Affects Real-Estate Sales
How Flood-Risk Information Affects Real-Estate Sales
Source: Reduce Flooding Blog - Bob Rehak
Date: 12/19/2023 6:36pm
Article Summary:
The Impact of Flood-Risk Information on Real-Estate Sales: Insights from a Study by the First Street Foundation
A study by the First Street Foundation examines how flood-risk information impacts real estate sales and finds that high-resolution data affects home buying decisions. The study reveals that flood risk is a house-by-house issue rather than a state-by-state issue, and people are increasingly using flood data to avoid risky neighborhoods and properties, leading to declines in property values and changes in neighborhood composition.
Read article here »
Date: 12/19/2023 6:36pm
Article Summary:
The Impact of Flood-Risk Information on Real-Estate Sales: Insights from a Study by the First Street Foundation
A study by the First Street Foundation examines how flood-risk information impacts real estate sales and finds that high-resolution data affects home buying decisions. The study reveals that flood risk is a house-by-house issue rather than a state-by-state issue, and people are increasingly using flood data to avoid risky neighborhoods and properties, leading to declines in property values and changes in neighborhood composition.
Read article here »