no flood insurance impact hits home

Written By Eric Holdeman

As predicted, the government shutdown has started to impact home sales. See this, For Homes by the Water, Closing Just Got More Complicated

A few items from the story:

  • You might be able to get private flood insurance, but at 2-3 times the cost of what you paid previously

  • National Association of Realtors estimates that the pause could delay or derail close to 1,400 transactions per day

  • Roughly 8 percent of all the properties in the United States are inside a 100-year floodplain

  • New York City, which has 520 miles of coastline, is especially exposed, with 15 percent of the land in a 100-year floodplain

Eric Holdeman
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