More than one-quarter of US homes are exposed to severe climate risk

Today, more than one-quarter of U.S. homes, which represent $12.7 trillion in property value, are vulnerable to at least one type of severe or extreme climate risk, according to a new report released by Realtor.com. Continue reading

An active hurricane season is on the horizon — is the US prepared?

NOAA expects 13 to 19 named storms to arrive now through the end of November. More than 33 million properties face potential damage from high winds and more than 6 million from flooding as a result of storm surge. It’s unclear how federal cuts may hind… Continue reading

Sellers say Compass agent flooded their home, then ghosted them

Aaron Schwid and Youngkey Chung trusted Compass agent Matt Isbell with the sale of their home, in part because he had appeared on “Million Dollar Listing.” But evidence shows his actions may have set off the home’s sprinklers and flooded it while the c… Continue reading

FEMA flood insurance program faces dual existential threats

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

‘Big Short’ investor warns of growing threat to home values

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. An investor who correctly predicted the 2008 f… Continue reading

Study sounds the alarm on $187B ‘climate housing bubble’

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

Amid Hurricane Ian disaster, real estate pros begin picking up pieces

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

That’s a deal-breaker! 15 reasons buyers are backing out

The recent uptick in canceled contracts reveals that buyers with tepid toes have begun actively looking for valid ways to terminate their purchase, writes mega team leader Carl Medford. Here is his list of top 15 potential deal-breakers. Continue reading

Housing industry ‘will not be spared’ by climate change: MBA

Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading

What real estate investors can do for renters whose homes were hit by Ida

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