Climate change poses the biggest threat to affordable housing and the mortgage industry. Catastrophic events like wildfires, floods, and hurricanes are becoming more frequent, potentially making certain areas uninsurable or too costly to insure. 💸
This could lead to stricter lending requirements and higher costs for homebuyers in affected areas, ultimately impacting housing affordability. ☔️
Tune in as D.O. discusses the need for industry professionals to be aware of and prepared for the effects of climate change on the housing market. 🛣️
