FEMA’s Expanding Flood Maps Could Dampen Dansville Real Estate Market

DANSVILLE – Village Mayor Pete Vogt says that sky-high flood insurance rates have the potential to make the local real estate market a little soggy. A potential property owner who takes out a loan on a property in what FEMA considers an area with a high flooding risk must then purchase flood insurance. Vogt says that since disastrous storms like Katrina and Sandy, FEMA is redrawing maps to include many more properties in 'flood zones' than in … [Read more...]