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Flood Insurance Rate Uncertainty Has Far-reaching Effects on Real Estate Market

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SAN FRANCISCO (November 9, 2013) – Uncertainty surrounding drastic increases in flood insurance premiums for coverage under the National Flood Insurance Program is negatively impacting transactions and the nation’s real estate recovery.

Experts from the Federal Emergency Management Agency, which manages the government’s flood insurance program, spoke to Realtors® today about the implications of recent changes to the flood program during the “Update on Reforms to the National Flood Insurance Program” forum today at the… Read More

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