Climate Change May Already Be Hitting the Housing Market
Even as President Donald Trump downplays the importance of climate change, there are signs that Americans may be taking it more seriously—at least when it comes to buying a house.
Between 2007 and 2017, average home prices in areas facing the lowest risk of flooding, hurricanes and wildfires have far outpaced those with the greatest risk, according to figures compiled for Bloomberg News by Attom Data Solutions, a curator of national property data. Homes in areas most exposed to flood and hurricane risk were worth less last year, on average, than a decade earlier.
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