The $1.2T funding bill passed by the House Friday averts a partial government shutdown and extends a critical program that protects 4.7M homes through the end of September
Study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots
Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association
HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn't learn that the home was located in a flood zone until they were told by their lender
Many homeowners at risk may not have flood insurance
Tech-powered brokerage Redfin is now publishing flood risk data for listings on the company's website where such data is available, impacting listings on over 94M homes
The proposal outlines plans to allow FHA borrowers to purchase private flood insurance, which leaders said will lower insurance prices and decrease the impact of NFIP lapses
In cities with floodplains but no recent catastrophic events, few homeowners actually have flood insurance
Real estate news from the year's end
But the extension only lasts 4 months, the program is $20B in debt, and lawmakers delayed major reforms needed to keep it solvent in the long-term
Congress has until July 31 to reauthorize the program, otherwise up to 40,000 homeowners are at risk
Jerry Giovaniello will leave the trade association after 37 years of political advocacy
Flood insurance, net neutrality, tax reform and FHA loans for condos are chief among legislative issues for 2018
A new analysis finds that property at risk of flooding is double the current FEMA risk, and 41 million Americans could be impacted.
House passes revised version of National Flood Insurance Program that extends it for five years, carves out exemptions