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Housing market slows retreat from rising seas, bigger storms

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Chuck and Terry Nowiski lived in their country-style farmhouse with a wrap-around porch for 36 years before it flooded. After hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy their place and tear it down.

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Housing market slows retreat from rising seas, bigger stormsHot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs
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Housing market slows retreat from rising seas, bigger stormsHot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs
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Housing market slows retreat from rising seas, bigger stormsChuck and Terry Nowiski lived in their country-style farmhouse with a wrap-around porch for 36 years before it flooded. “It would be pennies compared to what the market is,” said Terry Nowiski of the couple's house outside the town of Linden, about 15 miles (25 kilometers) north of Fayetteville, North Carolina. Hot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs, impacting efforts to move people away from flooding from rising seas, intensifying hurricanes and more frequent storms.
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