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.
Real Estate
Real estate is susceptible to disruption from climate change, as 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. Over time, this could also impact the tax base and price of debt for municipalities with exposure to climate impacts, including disasters and sea-level rise.
Thunderstorms Are Changing Climate Risk
Bigger, wetter thunderstorms are one of the manifestations of climate change, and are altering risk calculations for millions of American homes and businesses. The good news: Satellite imagery and AI can improve alerts of impending floods, as well as insurance options for at-risk properties.
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.