Housing Equality & Policy
Climate Change
Home Listings, Sales Bounce Back in Florida Towns Hit by Hurricane Ian Despite Increasing Climate Risk
The Cape Coral metro area has more than made up for the plunge in new listings caused by the storm. Home sales have also started to rebound. Listings of homes for sale in the Cape Coral-Fort Myers, FL metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have
58% of Homeowners Have Spent Money to Protect Their Homes From Climate Threats: Survey
One-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk. Overall, extreme temperatures are the most common climate risk homeowners invest to protect against, followed by flooding and hurricanes/other major tropical storms. 36% of homeowners say they have an insurance policy covering flooding—a higher share than other climate
Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian
Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port saw similar drops. New listings also slumped in all three metros. Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian. That’s
Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk: Survey
62% of people who plan to buy or sell a home in the next year are reluctant to relocate to a place at risk of natural disasters, extreme temperatures and/or rising sea levels. 40% of buyers and sellers say climate risk played a role in their decision to move. Still, disaster-prone areas including Florida have
Homebuyers With Access to Flood-Risk Data Bid on Lower-Risk Homes
Redfin users who viewed homes with severe and/or extreme flood risk prior to a Redfin experiment proceeded to bid on homes with 54% less risk after gaining access to risk data. Redfin users in flood-prone Cape Coral, FL, Houston and Baton Rouge, LA were most likely to click into the flood-risk section within home listings.
America Is Increasingly Building Homes in Disaster-Prone Areas
55% of homes being built today face fire risk, compared with 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas. Recently-built homes are also more likely than older homes to face drought, heat and flood risk, but the gap is
Home Listings, Sales Bounce Back in Florida Towns Hit by Hurricane Ian Despite Increasing Climate Risk
The Cape Coral metro area has more than made up for the plunge in new listings caused by the storm. Home sales have also started to rebound. Listings of homes for sale in the Cape Coral-Fort Myers, FL metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have
58% of Homeowners Have Spent Money to Protect Their Homes From Climate Threats: Survey
One-third of homeowners have spent $5,000 or more to make their homes more resilient to climate risk. Overall, extreme temperatures are the most common climate risk homeowners invest to protect against, followed by flooding and hurricanes/other major tropical storms. 36% of homeowners say they have an insurance policy covering flooding—a higher share than other climate
Pending Home Sales Plummet Over 50% in Three Florida Metros Hit by Hurricane Ian
Cape Coral saw pending sales sink 58%—nearly double the national decline—while Naples and North Port saw similar drops. New listings also slumped in all three metros. Pending home sales plunged 58% year over year in the Cape Coral, FL metro area during the four weeks ending Oct. 16 in the aftermath of Hurricane Ian. That’s
Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk: Survey
62% of people who plan to buy or sell a home in the next year are reluctant to relocate to a place at risk of natural disasters, extreme temperatures and/or rising sea levels. 40% of buyers and sellers say climate risk played a role in their decision to move. Still, disaster-prone areas including Florida have
Homebuyers With Access to Flood-Risk Data Bid on Lower-Risk Homes
Redfin users who viewed homes with severe and/or extreme flood risk prior to a Redfin experiment proceeded to bid on homes with 54% less risk after gaining access to risk data. Redfin users in flood-prone Cape Coral, FL, Houston and Baton Rouge, LA were most likely to click into the flood-risk section within home listings.
America Is Increasingly Building Homes in Disaster-Prone Areas
55% of homes being built today face fire risk, compared with 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt have driven builders into more vulnerable areas. Recently-built homes are also more likely than older homes to face drought, heat and flood risk, but the gap is