Add ‘Climate Hazards’ to Your Home-Buyer’s Checklist

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https://www.nytimes.com/2021/06/01/realestate/home-buying-climate-disasters.html

Source: By Debra Kamin, The New York Times.  

Excerpt: As global temperatures increase and sea levels rise, home shoppers are looking at more than just location, price and the number of bedrooms when exploring properties. They are also wondering about the risk of natural disaster, and what that risk might mean for a home’s value over time. It’s a question that’s long been considered by commercial real estate investors, who have tapped into the growing field of climate analytics via companies like Four Twenty Seven and Jupiter Intelligence to get projections on weather-related hazards. But individual home buyers have traditionally not had access to the same data. That’s now starting to shift, and most resources are available at no cost. In August of last year, realtor.com became the first major real estate website to disclose data, adding both publicly and privately assembled flood risk information to its more than 110 million listings. Redfin added the same services to 94 million of its listings in February.... 

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