US EditionClimate Change to Slash $1.46 Trillion from US Home Values by 2055
- Climate change could reduce U.S. real estate value by $1.46 trillion by 2055, according to a report from First Street.
- Miami, Jacksonville, Tampa, New Orleans, and Sacramento are identified as the five largest metro areas facing the highest insurance premium increases.
- The report indicates that 84% of U.S. Census tracts may face negative property value impacts by 2055 due to climate change.
- Rising insurance costs and severe weather exposure will significantly increase homeownership costs over the next 30 years.
29 Articles
29 Articles
Climate change may contribute to mental disorders
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?
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
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…
In the world, in 2024, the insurance cost of natural disasters is estimated at 135 billion dollars, according to the insurance profession.
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…
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