Some of the areas worst hit by the storm were in more remote western North Carolina mountain towns, like Asheville, where more than 40 people died, and where communities were cut off from cell and internet services, as well as water and power. Continue reading
The $1.2 trillion funding bill passed by the House Friday averts a partial government shutdown and extends a critical insurance program that protects 4.7 million homes through the end of September. Continue reading
The National Flood Insurance Program is up against another deadline for renewal while a lawsuit from 10 states takes aim at its proposed pricing change. Continue reading
A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots. Continue reading
The Department of Housing and Urban Development on Monday announced it had prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages. Continue reading
The storm slammed into southwestern Florida with winds as high as 150 miles per hour. President Biden said it may prove to be the deadliest hurricane in the state’s history. Continue reading
HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading
The clean up and repair work that remains in Hurricane Ida’s aftermath is overwhelming for many, and investors who have rental properties that have been impacted will want to ensure their renters are treated with care. Continue reading
Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions valued at more than $19.4 billion in those states alone, according to an analysis by ClosingC… Continue reading
Ida, which hits just as new risk ratings for the National Flood Insurance Program are scheduled to take effect on Oct. 1, could also put uninsured property owners at risk. Continue reading