‘Climate change risk’ may be spurring home buyers to steer clear of coastal Florida markets, study says


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Fewer Americans are scooping up coastal real-estate these days — and the risk of rising sea levels appears to be driving the trend.

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Researchers at the University of Pennsylvania studied the dynamics of coastal real-estate markets in Florida, where as many as one million homes are expected to be at risk of chronic flooding due to rising sea levels by the year 2100. Comparing homes in areas with more exposure to rising sea levels with those that are less at risk, the study found that today’s home buyers have far less interest in the more at-risk properties.

Before 2013, transaction volumes across these two sections of the market moved in tandem. But since then, they have diverged. The number of homes sold in the markets with the highest risk of “chronic inundation,” as some call it, fell between 16% and 20% from 2013 to

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Call to change how agencies rate contractor performance rises to new level

Let’s start out with this basic truism: No one likes the current approach to rating contractor performance.

Neither the agency contracting officers nor program managers, and not the vendors who sometimes wait three to six months after the contract is complete to get a mostly meaningless “satisfactory” rating.

The data itself lacks value and transparency.

And, to be honest, it seems to have become another checklist activity for many agencies.

A new survey by GovConRx and the Office of Federal Procurement Policy shows, once again, just how little value there is in the current approach to contractor performance assessment ratings (CPARs).

“One of the facts that we heard back was how many agencies still aren’t doing CPARs or certainly not on time,” said Ken Susskind, founder and CEO of GovConRx in an interview. “It was interesting to hear back from industry about not getting CPARs rating because in the end

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Ex-Zillow leaders including Spencer Rascoff launch startup to change how people buy second homes

Former Zillow CEO Spencer Rascoff (left) and dotloop founder Austin Allison are teaming up on Pacaso, a new startup that helps people buy second homes. (Pacaso Photos)

Former longtime Zillow Group CEO Spencer Rascoff and dotloop founder Austin Allison are teaming up to “democratize” second home ownership.

Rascoff and Allison, who sold his real estate startup to Zillow in 2015, are behind a new startup called Pacaso that aims to make it easier for more people to own a vacation home.

“This is an entirely new category of second home ownership,” Allison said in an interview with GeekWire on Wednesday.

The company came out of stealth mode today, announcing a $17 million seed round led by Maveron, with participation from Crosscut, Global Founders Capital, and individual investors such as former Starbucks CEO Howard Schultz, real estate coach Tom Ferry, former Zillow executive Greg Schwartz, and Amazon CEO of Consumer Worldwide

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Silver Prices Struggling – Will US Jobs Report Change Narrative?

Silver Price Forecast Overview:

  • After an explosive start to the summer, the silver price rally has come to a screeching halt as the seasons have changed to the fall. In part, this has to due with the last US jobs report – which is why the forthcoming release on Friday is so critical.
  • A rise silver volatility in context of broader market conditions (strength in equity markets, weakness in the US Dollar) could prove to be beneficial for silver prices and reverse a recent deterioration in the relationship between silver prices and silver volatility.
  • Recent changes in sentiment suggests that silver prices have a bearish outlook in the short-term.

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Silver Prices Find Support at Pandemic Trendline

Silver prices have struggled throughout September, with the rally from the March lows brought to a screeching halt thanks to a turn in US

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BBX Capital Corporation Announces Shareholder Approval of Spin-Off of BBX Capital Florida LLC and Corporate Name Change

The MarketWatch News Department was not involved in the creation of this content.

BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (the “Company”) and its subsidiary, BBX Capital Florida LLC (“New BBX Capital”), announced the following today:

At the special meeting of the Company’s shareholders held earlier today, the Company’s shareholders voted to approve the previously announced spin-off of New BBX Capital. The spin-off was approved by holders of shares of the Company’s Class A Common Stock and Class B Common Stock representing 88% of the total number of votes entitled to be cast on the spin-off. While the shareholders voted together as a single class on the spin-off and that vote alone was sufficient to approve the spin-off, the Company notes that 97% of the shares of the Company’s Class A Common Stock which were voted on the spin-off were cast in favor of the spin-off and that the spin-off

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