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Redfin flood factor meaning
Redfin flood factor meaning








redfin flood factor meaning
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Since our launch in 2006, we have saved our customers over $800 million and we've helped them buy or sell more than 235,000 homes worth more than $115 billion.įor more information or to contact a local Redfin real estate agent, visit To learn about housing market trends and download data, visit the Redfin Data Center.

redfin flood factor meaning

We represent people buying and selling homes in over 90 markets in the United States and Canada. We offer brokerage, iBuying, mortgage, and title services, and we also run the country's #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate.

redfin flood factor meaning

We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. Redfin ( is a technology-powered residential real estate company, redefining real estate in the consumer's favor in a commission-driven industry. Crucially, First Street Foundation models areas not currently mapped by FEMA, the official public source for flood hazard information produced in support of the National Flood Insurance Program. The model accounts for flood risk from four primary flood events, including heavy rainfall, storm surge, tidal and riverine sources, and it accounts for the ways in which a changing climate has and will continue to impact these risk sources. It provides a climate adjusted, property parcel level assessment of risk today and over the course of the standard 30-year mortgage.

redfin flood factor meaning

Produced in partnership with more than 80 of the world's leading hydrologists, researchers and data scientists, and reviewed by some of the world's leading research institutions, First Street Foundation's flood model is the most comprehensive in the industry. By providing them with this data when preparing to buy or sell a home, Redfin is an invaluable partner in contributing to the public's understanding of flood risk." "Integrating with Redfin significantly expands our ability to enable home shoppers and owners alike to understand otherwise complex, difficult to find information about flooding and the sources that contribute to and exacerbate it. "Our goal has always been to help current and future homeowners understand the extent of the flood risk facing a property, its severity, and how it's changing over time with changes to the environment," said Matthew Eby, Founder and Executive Director of First Street Foundation. Redfin and First Street Foundation also encourage homebuyers to visit  to learn more about how FEMA assesses flood risk and maps a property into or out of a FEMA-designated Special Flood Hazard Area.

Redfin flood factor meaning how to#

While there, consumers can learn more about Flood Factor, FEMA and flood insurance, and they can visit  for additional insights on a property's flood risk, how to protect against flooding, and more. Homebuyers and homeowners can find flood risk data-including a property's Flood Factor score and estimated Federal Emergency Management Agency (FEMA) zone-on individual listing and off-market pages on. Most homebuyers and sellers say that the frequency or intensity of natural disasters factors into their decision about where and whether to buy or sell a home, so this is information they can really use." "By publishing the Flood Factor score, we're making it easier to understand the risk each home faces of being damaged by flooding, meaning everyone can make better-informed decisions about buying and selling. "Buying a home is the biggest purchase most people will make in their lifetime," said Redfin Chief Product Officer Christian Taubman.










Redfin flood factor meaning