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The ‘silver tsunami’ will hit South Florida even harder

Housing Wire

By 2050, however, these numbers are expected to increase significantly to nearly 1.4 But from our perspective, how does government provide services?” Florida already leads the U.S. in the concentration of older adults living there, with more than 18% of its total population comprised of residents 65 and older.

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CoreLogic’s John Rogers on AI, climate risk and land development issues

Housing Wire

The data gurus are ensuring the quality, finding new insights, and delivering it to our clients and our solution sets that face off into real estate, mortgage, insurance, government and so forth. I’m very fortunate — they’ve all got brains the size of planets. NP: Let’s talk specifically about flooding related to climate change.

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Rural America is losing affordable housing at a crisis pace

Housing Wire

After those government-supported mortgages terminate due to maturity or prepayment, the owners can, and many do, convert their multifamily properties to market-rate rents, or sell them to new owners that are not committed to providing housing that is affordable to struggling low-income rural tenants.

Tenants 511
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Insurance 397
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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Demographers estimate that by 2050, the U.S.

Legal 397
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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

According to an analysis using CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA) , Florida’s Miami-Dade County is forecast to have the highest climate change-related risk in the United States, with estimated annual losses of $988 million per year through 2050.

Insurance 370
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How Big Data Can Support Your Harvest Season

GoForrmz

billion in 2050, and 11.2 billion by 2050 , but we only have depleting resources available to feed everyone. Historical data gathered from scientists and government organizations can give incredible insights into future patterns. . “ The world’s population is projected to reach 9.8 billion in 2100. ”