FHFA recently hosted the Fall 2023 Econ Summit, an exchange of ideas on climate change and insurance; land use and risk modeling; and the impact of disaster risk on home prices.
Read More »Banks, Climate Change, and Credit; A New Perspective
New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective.
Read More »More Homebuyers Are Moving to Places Endangered by Extreme Weather
Redfin reports that a record share of homebuyers nationwide are relocating to areas facing increasing climate risks, including metros that are often faced with extreme wind/hurricane risk and flooding.
Read More »Climate Risk Affecting Homebuyers’ Preferences
A clear majority of people in each region of the U.S. consider at least one type of adverse climate event when shopping for a new home, be it floods, fires, or hurricanes.
Read More »What Homebuyers Need to Know About Relocating to a High-Risk Area
While climate change is undeniable, a new study examined the types of Americans who move to areas exposed to high climate-related risks, including wildfire, flooding, hurricanes, extreme heat, and drought. Click through to see which archetypes are moving to which regions.
Read More »Capitol Hill Examines Volatile Weather Events and Financial Risk
During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”
Read More »The Impact of Climate Change on Real Property Investment
With millions of properties exposed to risks including wildfires, flooding, hurricanes, and earthquakes, the Federal Reserve Board is looking to ensure that financial institutions are appropriately managing all material risks related to climate change.
Read More »Southwestern Counties Dubbed Safest Places to Live
According to a new report from CoreLogic, Southwestern counties ranked highest in a recent “Safest Place to Live” study, offering homeowners in those areas more protection from some weather-related climate risks.
Read More »More Homeowners Investing in Climate Risk Protection
Redfin has found that one-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk, and 36% say they have an insurance policy covering flooding—a higher share than other climate risks.
Read More »Concern Over Climate Risk Factoring Heavily Into Home Relocation Plans
A new analysis by Redfin has found that 62% of those planning to buy or sell a home are reluctant to relocate to a place at risk of natural disasters.
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