First Street's new flood maps reveal that nearly 12% of homes in North Carolina face flooding risks, three times higher than FEMA's outdated designations.
Zillow's integration of First Street's risk data allows homebuyers to see specific climate risks like flooding, fire, and wind for every property on the market.
Skylar Olsen, Zillow's chief economist, emphasized that climate risks are now crucial in home buying decisions, with over 80% of buyers considering these hazards.
The aftermath of Hurricane Helene highlights the financial consequences of inadequate flood insurance, particularly in regions where homeowners felt secure due to outdated federal maps.
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