Reported about 13 hours ago
A recent report from First Street predicts that climate-related weather impacts could lead to a loss of nearly $1.47 trillion in net property value in the U.S. by 2055. Key findings from Jeremy Porter highlight that this issue extends beyond direct damages, affecting insurance costs, community dynamics, and migration patterns, especially in high-risk areas like Florida and California. The report suggests that recent homeowners are particularly vulnerable to these changing market conditions.
Source: YAHOO