Is Hybrid Work the new Reality?
Is Hybrid Work the new Reality?
l Miami is now ranked as no. 3 spot in of residential markets for long-term remote workers. Lower taxes and rents along with popular beaches makes Miami a destination for buyers relocating from large metro areas like New York and Chicago.
l However, one of the big considerations is the threat posed by the Sept. 30 expiration of the National Flood Insurance Program, the primary means by which millions of homeowners protect their homes from heavy flooding and consequent damage. American Bankers Association spokesperson Blair Bernstein warned it could “cause many loan closings in high-risk areas to be delayed or otherwise complicated.”
l SmarterSafer Executive Director Chris Brown — who leads a coalition focused on natural disaster policy — said it would “only result in increased uncertainty for property owners, renters, and housing and insurance markets.”
For more information, please contact me anytime at (203) 231-8098 or gbakes@wpsir.com.
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