property values News

Boston Launches Program to Encourage Converting Underused Office Buildings into Residential Use

BOSTON (AP) — Boston is launching a new program designed to offer tax incentives to encourage the conversion of underused downtown office buildings into residential use, according to Mayor Michelle Wu. The push mirrors office-to-housing conversion efforts in other cities …

Norfolk Southern Creates Fund for Homeowners Near Ohio Derailment

Norfolk Southern has recommitted to creating a fund for residents near the site of an Ohio train wreck that would cover any decline in home values since before the derailment earlier this year. In early February, 38 cars derailed in …

Viewpoint: Closing the Gap on Insurance to Value

In April 2022, a fire broke out in a Walmart distribution center in Plainfield, Indiana. The fire burned for more than three days, all of the approximately 1,000 employees got out safely and the facility remains closed. Occasionally we’ll see …

From New York to Houston, Flood Risk For Real Estate Hubs Ramps Up

The number of properties in the United States in danger of flooding this year is 70% higher than government data estimates, research released on Monday shows, with at-risk hot spots in Houston, New York, Los Angeles and Chicago. The higher …

Michigan Property Owners Sue After Boardman River Flooding

Some property owners hit by flooding last year during a dam removal project in Michigan’s northwestern Lower Peninsula have sued, saying property values along the Boardman River have dropped. The lawsuit filed Friday names the Boardman River Dams Settlement Agreement …

Sinkhole Hits Home and Businesses Values in Rural Louisiana

Dennis Landry’s bed and breakfast was in the middle of a record business year before a sinkhole prompted authorities to tell 150 households in the Louisiana towns of Bayou Corne and Grand Bayou to evacuate. Soon after, wary customers began …

$62M Louisiana Road Home Settlement: $0 for Lead Plaintiffs

Two lead plaintiffs won’t get any money from a recent $62 million settlement to a case alleging discrimination in the Road Home program to help people rebuild after the hurricanes of 2005. The Times-Picayune reports that Almarie Ford and Edward …