Climate change shakes the US real estate market, and buyers are not only looking for the quality of life and affordable housing, but also examining the risk of climate before purchasing.
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The climate change is shaking the US real estate market, and housing buyers are not only looking for the quality of life and affordable housing, but also emphasizes the risk of climate when considering purchasing.
As the extreme weather intensifies, a new study of the Climate Research Company First Street suggests that secure shelters are once facing soaring insurance expenses and property. Americans are on moving. The next 30 years.
According to the report, “By 2025, by 5.2 million to 5555, more than 55 million Americans will move to vulnerable areas in the United States in the United States.”
For decades, people have flocked in large cities, such as Texas and Florida, and the suburbs of Sanbert State, pursuing warm weather and cost reductions. Currently, these same fields have experienced serious impact on the climate, are more risky, and it is more expensive to take out insurance.
The coastal area faces the rise of the sea surface, and inland areas fights heat waves, drought, and flood deterioration. In particular, Sanbert was a huge hit in 2024, with a $ 27 billion weather disaster, with a total of more than $ 182 billion.
Texas was hit the largest in 2024 in the 20 major disasters, but Non -SUN Belt was also severely damaged by the storms and tropical cyclones in Florida and North Carolina.
Despite the risk of climate, many Americans are still moving to places where disasters are likely to occur, especially to Texas and Florida. Redfin has added more than 63,000 new residents, especially in 2023, which has a high risk of high mountain fire in Texas, but has added 16,000 people, including floods, including Florida. Reported.
This is surprising, given that Texas, Florida and California have been absorbing more than 40 % of the $ 2.8 trillion disaster -related costs of the country since 1980. This emphasizes how many buyers still exceed their climate concerns and employment opportunities.
As the risk of climate is increasing, the cost of housing owners increases. Insurance premiums are rising, with Miami (322 %), Jacksonville (226 %), and tampa (213 %).
Some insurance is completely brought out of high risk. For example, before the recent Los Angeles mountain fire, several insurance companies had already stopped providing compensation, so the housing owners had little choice. The first street estimates that if the insurance price setting is completely adjusted for risk, the premium will increase by 29.4 % by 2055.
In addition to these increased insurance premiums, housing ownership has become completely expensive due to the increase in utility bills as a result of climate change and the rise in maintenance costs.
As a result, high -risk areas may begin to decline, but it is expected that climate -resistant areas, including Dane County, Wisconsin, Wisconsin, and Franklin County, Ohio, are stable. Masu.
It is difficult to predict long -term movement tendency, but one is clear. Americans are more aware of the risk of climate when choosing where they live.
“I think the percentage of reactions to climate exposure is increasing, but many of them are more frequently and more serious, in the field, we are now. As we reported by USA TODAY, Jeremy Porter, the head of the impact on the first street, said.
Porter explained that access to climate risk data is becoming an important part of the decision -making process for housing buyers. As your awareness increases, the effects of climate change affect where and how Americans chose them to build their own lives.
Please email Richelle Hammiel
