The Growing Impact of Climate Change on Real Estate

Climate change is increasingly affecting home values across the country due to rising risks like flooding, hurricanes, drought, and wildfires. An analysis of real estate transactions along the Florida coast reveals a widening gap between the values of risky properties and those in safer areas. As some homebuyers seek refuge in less vulnerable locations, the trend indicates that more regions face potential declines in real estate prices. This shift in the housing market highlights the necessity for prospective buyers to consider climate-related risks when making decisions about home purchases.