Housing Equality & Policy
Climate Change
Climate Change Will Exacerbate the U.S. Housing Shortage
Redfin Chief Economist Daryl Fairweather presents on climate change and housing to members of the Federal Reserve, US Treasury, FDIC, SEC, CFTC, CFPB, FHFA, NCUA,
Home Prices Grow at Much Slower Rate in Towns Burned by California’s Most Destructive Wildfires
In the three years after major fires, home prices rise 21% in directly-hit areas on average, compared with 33% growth just outside of fire zones.
More People Are Moving In Than Out of Areas Facing High Risk From Climate Change
The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due
More Than a Third of Utah Homes Face High Fire Risk—A Bigger Share Than Other Western States
39% of homes are in danger of burning in Utah—the country’s fastest growing state—compared with less than 10% in California, Washington and Oregon. In dollar
Homes With High Flood Risk Are Selling for Nearly $50,000 More Than Low-Risk Homes as Pandemic Buyers Chase Waterfront Properties
The typical home with high flood risk sold for $402,010 in the first quarter—a 14% premium over the typical home with low flood risk. That’s
1 in 5 Americans Believes Climate Change Is Hurting Home Values In Their Area: Survey
Plus, nearly two-thirds of U.S. homeowners have spent money to protect their homes against climate risks, with over one-third investing $5,000 or more. Extreme temperatures
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
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
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
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
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
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
