Areas with a higher risk of flooding are seeing an increase in the rate of mortgage application denials and withdrawals, while risks associated with other climate events are having little impact on mortgage lending in those areas.
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Homebuying Destination: The Danger Zone?
A new report from Redfin has found that more Americans are building homes in disaster-prone areas, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas.
Read More »Homeowners Gravitating to Disaster-Prone Metros
Affordability, lower property taxes, or proximity to nature, for many, outweigh the dangers of climate-related disasters, but economists warn of increasing risks.
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