First Street reposted this
First Street's climate risk financial modeling (CRFM) has become central to the national conversation around real estate. This hurricane season underscores the urgent need to reevaluate the impact of climate change on homeownership, considering rising risks, escalating insurance costs, and falling property values. In the past few weeks, First Street has supplied data to several leading national publications to highlight this crucial issue. The New York Times: The People Fleeing Climate Disasters Are Going to Transform the American South National Geographic: Many Americans are buying homes in flood zones—and don't realize it NPR: They came to Asheville looking for a 'climate haven.' Then came Hurricane Helene CNBC: How a homeowners insurance provision can help with living expenses after a natural disaster The Washington Post: Where climate change poses the most and least risk to American homeowners The Wall Street Journal: Storms Be Damned, Florida Keeps Building in High-Risk Areas TIME: Hurricanes Are Not Conspiracies The Atlantic: Florida’s Risky Bet The New York Times: Hurricane Milton Is Terrifying, and It Is Just the Start Fortune: Hurricane anxiety hits the Florida housing landscape The Washington Post: FEMA maps missed parts of North Carolina devastated by Hurricane Helene, Post analysis shows CNN: Rising costs of climate change may reshape the South USA TODAY: The U.S. already has millions of climate refugees. Helene and Milton could make it worse. See all press coverage on our site: https://lnkd.in/etyqT-NC #CRFM #climaterisk #climatechange