Stanford researchers reveal that homes in floodplains are overvalued by nearly $44 billion

Stanford researchers reveal that homes in floodplains are overvalued by nearly $44 billion

Terra Daily

Published

Stanford CA (SPX) Apr 28, 2021

Buyer beware: single-family homes in floodplains - almost 4 million U.S. homes - are overvalued by nearly $44 billion collectively or $11,526 per house on average, according to a new Stanford University-led study. The study, published in Proceedings of the National Academies of Science, suggests that unaware buyers and inadequate disclosure laws drive up financial risks that could destabilize th

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