Insured losses from Hurricane Helene exceed $6 billion, with uninsured losses significantly higher. Most impacted homes in North Carolina lack flood insurance due to FEMA zone designations.
First Street's latest risk assessment technology reveals that only 4% of North Carolina homes are considered in FEMA flood zones, yet almost 12% face actual flood risk.
Skylar Olsen from Zillow highlighted the importance of climate risk in home buying, stating that the platform now provides buyers with specific climate data for informed decisions.
With climate change affecting rainfall severity, First Street’s data will show increased flood risk over time, helping homeowners and real estate agents understand long-term property affordability.
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