Climate change could wipe out a whopping $1.47 trillion in real estate value over the next 30 years and fundamentally transform the housing market, according to a new report from according to First Street.



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The Hill

Washington

District of Columbia

United States

Wealth divide will steepen as climate change spikes insurance costs, report finds

More than 5 million U.S. residents are expected to move away from areas being affected by climate change in 2025

Ad Fontes Media

All Sides

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The Independent

Evgeny Lebedev

London

Greater London

England

United Kingdom

Climate change will erase $1.47 trillion in U.S. home values in just 30 years

Americans are likely to continue moving to areas with risky climates, even as other places are abandoned, and more resilient places welcome newcomers.

USA Today

Gannett

Climate risk will take trillion-dollar bite out of America's real estate, report finds

NEW YORK, Feb. 3 (Xinhua) -- As natural disasters and extreme weather events become more common, the U.S. real estate market will lose more than a trillion dollars in value as Americans move away from riskier areas and toward those expected to be more resilient, according to Property Prices in Peril, a new report from climate analytics firm First Street. Read full story

The Star Kuala Lumpur

Star Media Group

Malaysia

Climate risk to take trillion-dollar bite out of U.S. real estate: report

More than 5 million Americans will leave areas being impacted by climate change this year, according to study.

CBS News

National Amusements

Michael Redstone

Climate change to obliterate $1.5 trillion in U.S. home values, study finds

Climbing temperatures are sharpening economic divides in American communities, a new report has found. Rising insurance rates are increasingly making broad swaths of the country's biggest cities unaffordable, according to the new findings from First Street Foundation, which analyzes the impacts of climate change on real estate. In many regions, “home insurance is becoming a luxury good,” said Jeremy Porter, head of climate implications at First …

Nexstar Media Group

The Highlands-Sea Bright Bridge connects two Shore towns in Monmouth County.Wirestock/Getty ImagesA study found that the climate crisis is set to knock $1.47 trillion off US property values by 2055.Some areas are predicted to be hit harder by population declines and rising insurance premiums.The steepest impacts on home prices are predicted to be in parts of California and New Jersey.The impacts of the climate crisis will erase $1.47 trillion in…

Business Insider

The climate crisis is set to erase $1.47 trillion in US home values. Here are 5 areas predicted to get hit hard.

A growing number of people feel anxious about the consequences of changing climate conditions. We are bombarded with news about floods, melting glaciers and long-term drought. Can fears about the future of the climate lead to the development of symptoms of mental disorders?

Medical Xpress

Climate change may contribute to mental disorders

On Tuesday, France Assurers published an overview of the main threats to the insurance sector. For the first time, climate change is at the top of the ranking ex aequo with

France Assureurs publie ce mardi un état des lieux des principales menaces pesant sur le secteur de l’assurance. Pour la première fois, le dérèglement climatique arrive en tête du classement ex aequo avec

Assurances : le dérèglement climatique et les cyberattaques considérés comme les premiers risques

Sud Ouest

France

Insurance: climate change and cyberattacks considered to be the first risks

In the world, in 2024, the insurance cost of natural disasters is estimated at 135 billion dollars, according to the insurance profession.

Dans le monde, en 2024, le coût assurantiel des catastrophes naturelles est estimé à 135 milliards de dollars, d'après la profession de l'assurance.

Assurances : le dérèglement climatique est désormais considéré comme le premier risque, avec les cyberattaques

France Info

State of France

Strasbourg

Bas-Rhin

Grand Est

Insurance: climate change is now considered to be the first risk, along with cyberattacks

Houses in the Altadena and Pacific Palisades neighborhoods were still ablaze when talk turned to the cost of the Los Angeles firestorms and who would pay for it. Now it appears that the total damage and economic loss could be more than $250 billion. This, after a year in which hurricanes Milton and Helene and other extreme weather events had already exacted tens of billions of dollars in American disaster losses.As the compounding impacts of cli…

Alternet

John K. Byrne

Michael Rogers (publisher)

How climate change could upend the American Dream

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Climate Change to Slash $1.46 Trillion from US Home Values by 2055

Climate Change to Slash $1.46 Trillion from US Home Values by 2055

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