Almost Half a Million California Homes at Risk From Wildfires
Zooming into the metro level, Zillow analyzed the wildfire risk to homes in four areas: Los Angeles, Riverside, San Diego and Sacramento. Riverside has the most at-risk homes -- 113,520 -- while the homes at risk in the Los Angeles area have by far the highest average value at more than $1 million.
Homes With Solar Panels Sell for 4.1% More
Nationally, homes with solar-energy systems sold for 4.1% more on average than comparable homes without solar power. For the median-valued home, that translates to an additional $9,274.
Gov’t Should Work to Lessen Natural Disaster Losses Rather Than Insure Them, Experts Say
More than two-thirds of panelists (68 percent) said they agreed with the statement that “the government should not underwrite or subsidize property loss insurance – especially not in high-risk areas.” Separately, a large majority – 82 percent of those offering an opinion – said any IPO-related stimulus in the Bay Area will be modest and temporary and not enough to reverse the localized slowdown.
More Than 386,000 Homes at Risk of Coastal Flooding by 2050
By 2050, more than 386,000 existing homes in U.S. coastal areas are likely to be at risk of permanent inundation. By 2100, the estimate is 2.5 million homes. Moderate emissions cuts, roughly in line with the Paris agreement on climate, could reduce the number to a little more than 348,000 homes by 2050 and 1.3 million homes by 2100.
Despite Progress, 13K Homes Sit Near Northern California Wildfires
While substantial progress has been made in fighting Northern California’s massive Carr and Mendocino Complex wildfires, there are more than 13,000 homes in areas where the fires are still active.
In Wake of California Drought, Listings Touting Water-Efficiency Evaporate
A relative flood of home listings advertising water-conservation features in the Golden State during the worst of the California drought appears to have dried up somewhat with the rains’ return.
12 Counties Account for a Third of U.S. Flood Insurance Claims
The National Flood Insurance Program (NFIP) bails out (literally) underwater homeowners, providing primary flood insurance to properties with significant flood risk. The homeowners who have been buoyed most by flood insurance live in a small number of places with high-value homes.
For all the homeowners the National Flood Insurance program buoys, the program itself barely stays afloat. As the deadline to reauthorize the program quickly approaches – with the House passing a bill this week – federal lawmakers need to decide whether to throw more money into the leaky program, or seriously repair the NFIP.
Climate Change and Homes: Who Would Lose the Most to a Rising Tide?
Nationally, 1.9 million homes are projected to be literally underwater by the year 2100 if the oceans rise six feet. Thirty-nine percent are valued in the top third of homes in their metros, representing the potential loss of $597 billion in high-end real estate. A third (32 percent) are in the bottom tier of home values in their metros, amounting to a potential $123 billion loss for low-income homeowners.
Are Coastal Areas Ready for Rising Seas?
With 1.9 million homes projected to be underwater if seas rise 6 feet, not all communities are prepared.
