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

Business Insider

Lean Left

Factuality

Ownership

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

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…

France Info

Lean Left

Factuality

Ownership

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

thedailyupside.com

Center

Factuality

Ownership

Climate Change Could Slash Home Values By $1.5 Trillion, Report Says

Climate change may melt home values along with glaciers. As last month’s fires and last year’s hurricanes continue to rock and reshape Los Angeles and North Carolina, respectively, a new study published Monday from climate-research firm First Street places an estimate on just how much equity climate disasters could strip from US home values in the coming years — a whopping $1.47 trillion. Higher Ground As they say: Man plans, and Mother Nature f…

CBS News

Lean Left

Factuality

Ownership

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

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

Newser

Lean Left

Factuality

Ownership

Study: Climate Change Will Wipe Almost $1.5T Off Home Values

Property values in America will take a $1.47 trillion hit from climate change over the next 30 years, according to a new study from First Street. The financial risk modeling company says the net losses will come from "soaring insurance costs and shifting consumer preferences," with Miami, Jacksonville, Tampa,...

The Star Kuala Lumpur

Right

Factuality

Ownership

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

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