Homes In Floodplains Overvalued By Nearly $44 Billion

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...