Posted 3/13/2024, 8:18:20 PM
Half of U.S. Homes at Risk from Climate Threats Like Flooding and Wildfires, Potentially Impacting Housing Market
- Nearly half of U.S. homes face severe threat from flooding, wildfires, heat, poor air quality due to climate change
- $22 trillion in residential properties at risk of extreme weather damage
- Can impact home prices, insurance costs, housing market stability
- 5.5% of homes worth $3 trillion at high wildfire risk, mostly in California
- 19 states now require additional hurricane insurance policies
