Are You a Homebuyer Worried About Climate Risks?
Are You a Homebuyer Worried About Climate Risks? For Buyers First Time Home Buyers Move-Up Buyers Housing Market Updates Demographics Buying Myths The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains : “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on property portfolios, homeowners, and communities. ” That may be why, according to Zillow , more and more Americans now consider how climate risks and natural disasters can impact their homeownership plans ( see below ): This study goes on to explain that climate risks affect where many people look for a home. That’s because homebuyers are interested in finding out if the house they want will be exposed to things like floods, extreme heat, and wi...