Several months into the new year, indicators continue to point to an improving housing market. However, a recent national survey discovered that more than 300,000 abandoned — or “zombie” —properties exist nationwide, according to an article on BusinessInsider.com. And that number may go up sharply over the coming months, presenting a challenge not only to [...]
Michael Gannon
According to the 360Value® Quarterly Cost Update, reconstruction costs have increased by at least 3 percent in all northeastern states for first-quarter 2013. That’s primarily attributable to the demand surge caused by Hurricane Sandy and could affect replacement cost estimates for the foreseeable future. Demand surge is a simple result of changes in supply and [...]
June has been a devastating month for wildfires in the western United States. Firefighters in Arizona, New Mexico, Utah, California, Wyoming, and Colorado are all battling blazes with varying degrees of success. Although Verisk’s Property Claim Services (PCS) has not yet issued its first claims loss estimates, the current fires are certain to add to [...]
