Nearly half of U.S. homes face severe threat from climate change, study finds
CBSN
Nearly half of all U.S. homes are threatened by extreme weather conditions, according to a new analysis that examines the potential impact of climate change on the country's housing market.
Across the nation, roughly $22 trillion in residential properties are at risk of "severe or extreme damage" from flooding, high winds, wildfires, heat or poor air quality, Realtor.com found. An economist with the online real estate firm said that such dangers can impact home prices, drive up insurance costs and even destabilize the broader housing market.
"These natural disasters can destroy homes and communities," Realtor.com said in its report. "Even properties that aren't directly affected by climate risks are being affected by higher insurance premiums — threatening potential sales and making homeownership increasingly more expensive."