Let’s say you want to sell your home in Cape Coral, Florida, and think you’ll get a great price because of the proximity to water. Or perhaps you’re thinking of buying a starter home in a newly built-up neighborhood in Houston. Did the property’s risk of flooding in the next 30 years cross your mind as you considered the home’s curb appeal? Probably not, but maybe it should have . Potential homebuyers who reviewed property listings that included flood risk were less likely to look at and bid on homes in areas with a severe risk of flooding, according to new research made available exclusively to Bloomberg. In short, transparency on risks matters, says Daryl Fairweather, the chief economist at Redfin. The real estate brokerage site conducted the study in conjunction with the University of […]