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relationship with selling prices. Results indicate the pre-Katrina, there was a premium of only 1.4% per foot in flood-prone areas … associated with rebuilding under more stringent National Flood Insurance Program (NFIP) guidelines …
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In the United States, flood events are the most economically damaging type of natural disaster. Some of the most widely … used tools for understanding property flood risk in the United States are the Flood Insurance Rate Maps (FIRMs) produced by … property valuation from a home’s being mapped into a Special Flood Hazard Area (SFHA) within FIRMs. However, as these maps have …
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