Tag Archives: climate risk

Homeowners are cracking under the pressure of increased costs

By | | Uncategorized
Comments Off on Homeowners are cracking under the pressure of increased costs

Median monthly homeownership costs have risen 26 percent from 2019, according to the U.S. Census Bureau’s latest American Community Survey data. released on Thursday. Continue reading →

More than one-quarter of US homes are exposed to severe climate risk

By | | Uncategorized
Comments Off on More than one-quarter of US homes are exposed to severe climate risk

Today, more than one-quarter of U.S. homes, which represent $12.7 trillion in property value, are vulnerable to at least one type of severe or extreme climate risk, according to a new report released by Realtor.com. Continue reading →

Insurance a top concern as experts predict higher premiums

By | | Uncategorized
Comments Off on Insurance a top concern as experts predict higher premiums

Over 55 percent of agents who were recently surveyed by the California Association of Realtors said access to homeowners insurance was their No. 1 concern, more than double from last year. Continue reading →

Climate change reshapes real estate, putting $1.5T in value at risk

By | | Uncategorized
Comments Off on Climate change reshapes real estate, putting $1.5T in value at risk

Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases. Continue reading →

FEMA flood insurance program faces dual existential threats

By | | Uncategorized
Comments Off on FEMA flood insurance program faces dual existential threats

The National Flood Insurance Program is up against another deadline for renewal while a lawsuit from 10 states takes aim at its proposed pricing change. Continue reading →

Homebuyers, lenders increasingly wise to flood risk: Zillow

By | | Uncategorized
Comments Off on Homebuyers, lenders increasingly wise to flood risk: Zillow

Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding. Continue reading →