Not Just Florida: Extreme Weather Raising Mortgage Risk in Mass., Too
Massachusetts has seen seven, billion-dollar weather disasters in the past two years. It’s a fundamental shift lenders can’t ignore.
Climate Change Is Moving Faster than Flood Insurance, Forcing Mass. Banks to Adapt
Worsening extreme weather, linked to climate change, is bringing catastrophic flooding to homes that have never seen it before, and it’s putting financial institutions risk of serious losses.
Draft Coastal Development Regs Call for No-Build Areas
With more frequent and intense storms battering Massachusetts’ shores, the state’s Department of Environmental Protection released new draft regulations on Friday to “protect both communities and infrastructure from the impacts of climate change.”
Homebuyers Need Better Flood Risk Info, Planning Group Says
The Metropolitan Area Planning Council is calling for the state to require flood history disclosure for potential homebuyers and renters, after the council’s analysis of stormwater flooding in 2010 showed existing tools to predict flooding were unreliable.
Large Study of Home-Searchers Finds Home’s Flood Risk Substantially Lowers Buyer Interest
A study of 17.5 million users on the home listings portal Redfin paints a concerning picture for home sellers in flood-prone areas.
Flood Risks in Greater Boston Fall Harder on Once-Redlined Areas
A new report shows that once-redlined Greater Boston neighborhoods are at a higher risk of flooding and face substantially higher damages if a flood occurs.
Flood Risk Could Influence Property Prices
New research suggests Massachusetts homes face substantially higher costs from flooding over the next 30 years as climate change worsens the risk of strong storms.
Redfin Joins Realtor.com in Reporting Homes’ Flood Risk
Realtor.com is now no longer the only place to look up a home listing’s flood risk as awareness of climate change-caused flooding continues to increase.
