Real estate sits at the heart of the American economy. It also faces rising risk from flooding and wildfires alters the economics of real estate in some regions. As climate change advances, analysts say it is likely to drive shifts in the valuation of properties, as well as the cost to insure them.
Spotlight
The Climate Adaptation Gap in 2023
Climate change will test our infrastructure and require increased focus on adaptation and resilience. Our economy and society will need to prepare for climate impacts as we face more extreme weather events and disasters. That requires a shift in thinking.