In The News: Lee Business School
The immediate impact of wildfires will clearly have an impact on buyers considering areas prone to blazes but not for long.
Historically, the occurrence of wildfires has dampened home-value appreciation in the immediate area of the fire. This holds true even in neighborhoods with no evacuations or property damage. However, the 2018 wildfire season appears to be a different case entirely.
New research says wildfires that threaten or even burn homes don’t scare off potential new homeowners.
If land acquisition and real estate investment strategists didn't already have enough on their plates, what with polar opposite mixed-signals on the economic horizon line, now there's this.
Land valuation calculations get more complex as the pace and severity of natural disasters intensify.
You'd think living in the path of known natural disasters would deter a person from buying a house there. When it comes to wildfires, however, our memories are hilariously short. The fallout is no laughing matter, though.
Despite the danger depicted in recent news coverage of homes going up in flames, Americans are still flocking to the natural beauty found out in the sticks. A recent study by Shawn McCoy, an economics professor with the University of Nevada Las Vegas and Randy P. Walsh of the University of Pittsburgh points to homeowners somewhat inexplicable propensity to value great views higher than safety.
The risk of wildfires isn’t deterring some home buyers from purchasing in an area, even if the area has been struck by blazes in recent years. Real estate prices in wildfire-prone areas are in line with homes in low-risk areas, even immediately after fires, according to a new study.
The recent string of massive wildfires in the western United States might have made people more hesitant to buy homes in high-risk areas, but a new study has found that this is not the case.
When Gerald Meggett Jr. began searching for a new city to relocate his startup, Las Vegas seemed like the perfect fit.
When Gerald Meggett Jr. began searching for a new city to relocate his startup, Las Vegas seemed like the perfect fit.
It’s been 10 years since the collapse of the Lehman Brothers financial services firm. The company’s bankruptcy filing on Sept. 15, 2008 greatly intensified the financial crisis and still holds the record as the largest bankruptcy in U.S. history.
