A climate housing bubble threatens to erode real estate prices in much of the U.S. in the coming years, a new study finds.
A climate housing bubble threatens to erode real estate prices in much of the U.S. in the coming years, posing particular challenges for low-income residents, aWith more severe and frequent extreme weather events, the resilience of homeowners and communities is on the line.
The current prices mask the true danger that these properties are exposed to, because of factors such as outdated FEMA flood maps, incentives in the National Flood Insurance Program and home buyers who lack climate change information. However, this is expected to increase by 11% in a mid-range emissions scenario, with average annual losses spiking by at least 26% by 2050.
Much of the overvaluation comes from vulnerable properties located outside of FEMA's 100-year flood zone.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Study: Don't blame climate change for South American droughtClimate change isn’t causing the multi-year drought that is devastating parts of Argentina, Uruguay, Brazil and Bolivia, but warming is worsening some of the dry spell’s impacts, a new study says.
Weiterlesen »
Earth Is in “a New Chapter in the Climate and Ecological Crisis,” Study FindsA new study warned that the planet has entered a “doom loop” phase in which communities are forced to direct massive resources to responding to the escalating impacts of the climate emergency, taking focus away from efforts to slash emissions.
Weiterlesen »
Nearly 30 dangerous feedback loops could permanently shift the Earth's climate, scientists say | CNNDangerous climate feedback loops are increasing global warming and risk causing a permanent shift away from the Earth’s current climate, according to a new study.
Weiterlesen »
Activists Welcome Early Resignation of 'Climate Denier' David Malpass as World Bank Chief.glasgowactions' andrewnazdin says David Malpass' impending resignation as World Bank chief is a golden opportunity to get leadership in place that's ready to tackle the climate crisis.'
Weiterlesen »
Climate change-linked heat worsened Argentina drought impact, scientists sayExtreme high temperatures in Argentina linked to climate change exacerbated the impact of a historic drought that has hit the South American country's farm regions since last year, scientists said in a report on Thursday.
Weiterlesen »