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Did You Know?


DID YOU KNOW? About 24 US states don’t require sellers to disclose if a property has previously flooded, according to the Natural Resources Defense Council. Many around the US have been surprised to find their homes flooding in the past few months. Worse, many are not insured for flooding. Encourage your buyers, tenants (and owners) to investigate flood zones and flooding history.... and also to get flood insurance. Most regular policies omit flooding. A new Bill is in discussion that would end surcharges enacted by Congress in 2014, including premium increases of $250 for vacation homes. It would appropriate $500 million in annual funding for flood-zone mapping and expand mapping to all areas of the U.S. FEMA would be required to use new mapping technologies, such as a pulsed laser-based method called Lidar, or light detection and ranging. Private flood insurance is coming: the plan would allow property owners to switch between public and private flood insurance without losing subsidies available to them under the federal plan. (WSJ)

DID YOU KNOW? Crude Oil Price futures have fallen more than 15% since the start of April. And gold just spiked above $1,350 .....two traditional signs of a slowing global economy. (CNBC)

DID YOU KNOW? Miami, Washington DC, Cambridge, MA, Hoboken, NJ and numerous towns and cities in California are amongst the TOP 20 cities that have experienced the largest value gain over the past 20 years. Gulfport, MS is the only city on the TOP 20 not on either coast to be on the list where gains have all been above 250% (on average). (CNBC)

DID YOU KNOW? Around 8.2% of all homeowners in the USA owe more than their home is worth. (CNBC)



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