A study from First Street suggests that property values in the United States could take a $1.47 trillion-dollar hit due to climate change. This decrease is due in part to rising insurance costs. Homes in Miami, Jacksonville, Tampa, New Orleans, and Sacramento are most likely to be impacted. Researcher Jeremy Porter also suggested that people will try to move to reduce their exposure to weather events. “People are leaving Southeast Houston to go to Northwest Houston, because it’s higher ground,” he said. (newser)
Study: Property Values May Decline Due To Climate Change
Feb 4, 2025 | 7:01 PM