FILTERED RESULTS
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FILTERED RESULTS
Former Wells Fargo asset manager Allspring explores $4bn sale
LNG tanker hit by suspected cyberattack in Mediterranean Sea
Warren Buffett’s road to investing glory
Warren Buffett steps down as Berkshire chairman, son Howard succeeds
Hyrox Risks Alienating Its Core Customers
Gold Prices Fluctuate Amid Technical Analysis
U.S. Stock Markets Show Mixed Performance at Market Open
What If “Cognitive Surrender” Is the Real Existential Risk?
State Regulators Give Banks an AI Exam Playbook as Federal Gap Persists
Labour conference set to vote on new AI regulator as cabinet concerns grow
Nucor (NUE) Stock Tumbles 5% Following Weak Q3 Earnings Forecast
Qorvo (QRVO) Stock Soars to 52-Week Peak Following $182M Bank of America Investment
A new Federal Reserve inquiry into the 2023 collapse of Silicon Valley Bank found that bank-supervision staff in the Biden era could have anticipated and prevented the bank’s failure
S&P 500 Falls as Treasury Yields Resume Advance: Markets Wrap
Gold pares back gains as oil prices trim losses
Oil trims losses as investors assess outlook for Mideast crude supply flows
Why is Bullish stock rallying today?
Why is Circle Internet stock surging today?
US manufacturing output falls in August after rising for seven straight months
Mbappé Signs Up for On’s Push Into Football in Blow to Nike
UBS Slashes KOSPI Forecast to 8,000 Amid Rising Rates and Oil Surge
Steel Dynamics (STLD) Stock Drops 3.5% on Canadian Tariff Action and Disappointing Q3 Outlook
Swiss sports brand On signs Kylian Mbappé in blow to Nike
US Factory Output Declines in August Amidst Growth Expectations
U.S. Industrial Production Unchanged in August
Air France Expands ‘La Premiere’ Routes on Rising US Demand
UBS Slashes KOSPI Forecast to 8,000 Amid Rising Rates and Surging Oil Costs
U.S. Industrial Production Holds Steady in August
US Factory Output Unexpectedly Falls For First Time This Year
Why Scott Bessent should pay attention to Turkey’s market scandal
Saudis Give European Oil Buyers No Supplies for Next Month
S&P, Nasdaq open higher as traders digest eventful week marked by Fed rate hike
Triple witching event sees $7 trillion in US options expire
Fed’s Bowman says changes to bank stress test coming soon
Mbappé cambia Nike por On para convertir la marca suiza en líder en fútbol
OpenAI Faces Scrutiny Over Model Behavior, Microsoft Executive Warns
Revenue Reality Check: Chinese AI Firms Trail OpenAI and Anthropic by 90%
US Law Firm Weil Studies Merger Options After Rainmakers Depart
ECB Rates Aren’t Directly Tied to Energy Costs, Lagarde Says
S&P 500 Wavers as Treasury Yields Resume Advance: Markets Wrap
Business and unions clash over how to fix youth jobs shortage
Come on Latin America, you owe me one
Options Triple Witching Sees $7 Trillion Expiring on Friday
CSN Asset Sales Gain Momentum as New CEO Fuels Bond Rally
Chinese Chipmaker CXMT Eyes NAND Market Entry as Stock Climbs 3.4%
EU's Kallas Engages with Saudi Foreign Minister on Yemen Conflict and Strait of Hormuz Security
US Factory Production Unexpectedly Shrinks as Costs Rise
European equities cap 3rd-weekly decline as Saudi supply cuts stings
Naive AI valuation hits $1.4 billion after $400 million raise - Information
U.S. Industrial Production Stagnates, Misses Forecast
UK air traffic outage caused by ‘legacy’ software bug, says review
US Industrial Production Remains Unchanged in August
France's President Macron Accuses Russia of Hybrid Attacks
ECB Officials Pave Way for More Tightening as Inflation Worsens
Texas Stock Exchange Lures $10 Billion Retailer in New Move
AI Experts Call for Independent Evaluators for Major Labs
Xi’s edge over Trump on AI
Warren Buffett, 96, steps down as chairman of Berkshire Hathaway
Saudi Arabia Halts Crude Oil Shipments to European Refiners for October
CoreWeave Raises Convertible Senior Notes Offering to $3.7 Billion
Naphtha prices in Asia drop for third day amid oil weakness
Wall St set for tepid open as oil prices fall, Treasury yields rise
Indian bonds fall for fifth week on Fed hike, RBI moves
Xenon Pharmaceuticals (XENE) Stock Plummets 25% After Psychiatric Trial Halt
More U.S. Households Are Struggling Financially, Analysis Finds
Emirates and Etihad ‘to benefit from BA flight cuts’
Russia's Wheat Harvest Reaches 90 Million Tons
Indian Refinery Builder Sees Mideast Orders Slow as War Drags On
BOJ Hikes Rate at Fastest Pace in More Than Three Decades
FEDS Paper: Premiums or Peril
Erik Heitfield, Mallick Hossain, and Katie Merritt
Using fine-grained data on 465,000 Florida home sales over twelve years and semiparametric machine learning methods, we examine how home prices respond to weather-related risk factors. After controlling for geography, home characteristics, and transaction features, we find that home prices are negatively related to property-level expected weather losses derived from catastrophe models, insurance premiums, and exposure to recent hurricanes, but with notably different magnitudes. Expected weather losses show the strongest association with prices and are consistent with markets rationally capitalizing anticipated future losses into current property valuations. Insurance premiums have a statistically significant but economically more modest negative effect on home prices, suggesting that housing market participants may view premium differences across properties as more transitory. Recent hurricane exposure has only a marginal effect on house prices, suggesting that hurricane risk is well-understood in Florida so that realized weather events convey little new information about future losses.
Using fine-grained data on 465,000 Florida home sales over twelve years and semiparametric machine learning methods, we examine how home prices respond to weather-related risk factors. After controlling for geography, home characteristics, and transaction features, we find that home prices are negatively related to property-level expected weather losses derived from catastrophe models, insurance premiums, and exposure to recent hurricanes, but with notably different magnitudes. Expected weather losses show the strongest association with prices and are consistent with markets rationally capitalizing anticipated future losses into current property valuations. Insurance premiums have a statistically significant but economically more modest negative effect on home prices, suggesting that housing market participants may view premium differences across properties as more transitory. Recent hurricane exposure has only a marginal effect on house prices, suggesting that hurricane risk is well-understood in Florida so that realized weather events convey little new information about future losses.
Source: Federal Reserve