In the past few weeks, Mother Nature has tested the American soil with a number of hurricanes. Fortunately, men has shown resilience and surprisingly, so does the real estate market. In fact, the Attom Data Solutions revealed that the parts of the U.S. that has high risk of natural disasters are the places where property values are the highest and increasing most quickly. This is quite unexpected as most people would think otherwise. According to the study, very high-risk areas had a surge of 55% increase of home values. That’s 19,674,094 homes.
Monthly Archives: September 2017
Last weekend, Hurricane Irma greeted Florida with huge wind and heavy rain. Miami Beach was no exception and the city braced the incoming storm with bravery. The city fared incredibly well. There was careful planning and the lack of damages is indisputable. Electricity power were on all the time and just four days after the storm, all businesses are back on their feet.
The U.S. Treasury Department is extending its all-out attack to stop money laundering. Federal regulators are eyeing high-priced housing markets such as Miami and New York in their operation. Their goal is to limit activities that misuse shell companies as a mean to launder money.