Investors who fund most home loans get new climate risk tool
ICE teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs
by Matt Carter Sep 19
Real estate heroes come to rescue after suffering losses in Maui fires
Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces
by Jim Dalrymple II Aug 15
Mortgage assistance for Hawaii fire victims includes forbearance help
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
by Matt Carter Aug 15
State Farm exits California homeowners' insurance market
Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners' insurance applications in California, the insurance giant announced Friday
by Marian McPherson May 31
2021 was 3rd-costliest year on record for extreme weather events
The year saw 20 separate climate and weather disasters wreaking at least $1B in damages each in the US, according to an annual report from the National Oceanic and Atmospheric Administration
by Lillian Dickerson Jan 11
Despite risk, California fire zones still see rising home prices
A new study by Redfin found that in the areas impacted by California's 5 largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets
by Libertina Brandt Oct 11
78% of buyers consider natural disaster risk when house hunting
The majority of respondents in a recent survey said the threat of a natural disaster played a role in where they looked for a new home
by Libertina Brandt Sep 30
9 tips for settling disaster insurance claims
Between the wildfires and hurricanes this week, now’s the perfect time to review how to advise clients who suffer natural disaster loss
by Bernice Ross Aug 30
'Dire days lie ahead': The impact of COVID-19 and wildfires on housing
The recent onslaught of wildfires and accompanying smoke blanketing many states are combining with the pandemic with deadly results. It is not just personal health that is being affected — there are significant implications for real estate as well
by Carl Medford Aug 19
First Street Foundation to build property-specific fire risk model
The model will provide an analysis of how various climate factors will impact a property's wildfire risk over the next 30 years
RealScout adds ClimateCheck data to platform
RealScout's addition of climate risk data into its platform follows a recent trend of real estate companies adding similar data to their portals as homebuyers become increasingly concerned about climate change risk
How to prepare your clients for natural disasters
The best way to survive a natural disaster is to take the necessary steps now and be prepared for when the unthinkable actually does occur. Here are a few things to alert your clients about
by Bernice Ross May 26
Lend a hand: How 7 agents keep giving back to their communities
Amid everything else they do for their own businesses and families, these agents have found ways to continually help their communities through socially distant outdoor events, food drives and more
by Lillian Dickerson Jan 25
People keep moving to areas most at risk of wildfire: ClimateCheck
6 of the areas most at risk of wildfire are among the fastest-growing counties in the country, according to an analysis by ClimateCheck
by Lillian Dickerson Nov 17
Affordability trumps wildfire risk for homeowners on West Coast
According to Redfin's latest study, homebuyers are choosing affordable areas with higher wildfire risk as demand and home prices heat up in low-risk areas
by Marian McPherson Oct 19