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» VISIT US ONLINE @ DSNEWS.COM 5 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff Prepayment activity hit its highest levels since 2016, according to Black Knight. e data indicated that prepayment activity jumped 26% to its highest level in nearly three years and 58% above June 2018 as falling interest rates continue to fuel refinance incentive. e Federal Reserve Bank of New York called housing starts and permits "anemic" in its August report on the economy. According to the report, total housing starts fell 1% in June to 1.25 million units, which follows a 0.4% decline in June. Compared to June 2018, total housing starts were up 6.2%. PICKING UP THE PIECES INSIDE THE JOURNAL // ON THE WEB // THE APP SPECTRUM // MOVERS & SHAKERS TAKE A LOOK INSIDE THE NUMBERS D A T A B I T S Source: WalletHub, "2019's Best Places to Flip Houses" BEST MARKETS TO FLIP HOUSES WORST MARKETS TO FLIP HOUSES 1 LOS ANGELES, CALIFORNIA 2 NEW YORK, NEW YORK 3 NEW HAVEN, CONNECTICUT 4 BOSTON, MASSACHUSETTS 5 WILLMINGTON, DELAWARE 6 SAN FRANCISCO, CALIFORNIA 7 OAKLAND, CALIFORNIA 8 NEWARK, NEW JERSEY 9 YONKERS, NEW YORK 10 BRIDGEPORT, CONNECTICUT 1 SIOUX FALLS, SOUTH DAKOTA 2 MISSOULA, MONTANA 3 RAPID CITY, SOUTH DAKOTA 4 BILLINGS, MONTANA 5 PEORIA, ARIZONA 6 TAMPA, FLORIDA 7 FORT SMITH, ARKANSAS 8 GREENSBORO, NORTH CAROLINA 9 LAS CRUCES, NEW MEXICO 10 BOISE, IDAHO New data indicates that Hurricane Barry caused between $500 million and $900 million in flood and wind losses. According to CoreLogic, flood loss for residential and commercial properties in Louisiana is estimated to be between $200 million and $400 million, and insured flood loss from private insurers is estimated at less than $100 million. Insured residential and commercial flood loss covered by the National Flood Insurance Program (NFIP) is estimated to be between $100 million and $200 million, but 20% of residential flood loss is uninsured. CoreLogic states that uninsured flood loss is estimated to be approximately $100 million, while approximately 500,000 total residential and commercial property policies are in force through the NFIP. Wind losses, not covered by the NFIP, are expected to total between $300 million and $500 million. Insured flood and wind losses, excluding National Flood Insurance Program (NFIP) losses, are between $300 million and $600 million. Many homeowners may be unaware that flood insurance is a premium provided through the NFIP, rather than an included feature in their homeowner's insurance. For example, wind damage is covered in standard insurance, and flood is a separate coverage which is not mandatory outside the designated Special Flood Hazard Areas (SFHAs). A recent survey by insuranceQuotes. com attempts to shed some light on what homeowners should know when it comes to their homeowners insurance policy, including flood insurance. PAGE 10 Managing Partner, Davidson Fink LLP FIVE MINUTES WITH WITH Heather Rogers RANKING METRO RANKING METRO Insured residential and commercial flood loss covered by the National Flood Insurance Program (NFIP) is estimated to be between $100 million and $200 million, but 20% of residential flood loss is uninsured.

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