Reported about 16 hours ago
The real estate market faces significant challenges as skyrocketing insurance costs due to climate risks threaten home purchases. With home insurance becoming increasingly unaffordable and harder to obtain—especially in disaster-prone areas—potential buyers are struggling to secure policies, leading to disrupted sales and heightened anxiety. Real estate companies are now emphasizing the importance of understanding climate risks to help buyers navigate this stressful landscape.
Source: YAHOO