The climate change real estate bubble risks billions
A climate housing bubble threatens to erode real estate prices in much of the U.S. in the coming years, posing particular challenges for low-income residents, a new study finds.
Why it matters: With more severe and frequent extreme weather events, the resilience of homeowners and communities is on the line.
How lenders, insurance companies and others incorporate escalating flood risks into property prices is a key question facing at-risk communities.
Zoom in: The study, published Thursday in Nature Climate Change, finds that nationally, property prices are currently overvalued by between...