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Climate Change Threatens $1.47 Trillion Loss in Home Values

2/3/2025

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Summary

Story summary

A startling report from First Street reveals that climate change could slash U.S. home values by a staggering $1.47 trillion by 2055. With soaring insurance costs and extreme weather wreaking havoc, especially in vulnerable states like Florida and California, over 55 million Americans may be forced to seek refuge elsewhere, reshaping local economies and real estate landscapes.

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Story summary

A startling report from First Street reveals that climate change could slash U.S. home values by a staggering $1.47 trillion by 2055. With soaring insurance costs and extreme weather wreaking havoc, especially in vulnerable states like Florida and California, over 55 million Americans may be forced to seek refuge elsewhere, reshaping local economies and real estate landscapes.