Climate change to obliterate $1.5 trillion in U.S. home values, study finds

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1. Here’s a preview of the story:

   Climate change will wipe out about $1.47 trillion in U.S. home values over the next three decades and hasten economic gaps in U.S. communities, a report released on Monday finds.

   Already high insurance rates are escalating, rendering large portions of the nation’s largest cities unaffordable, according to a study by First Street Foundation which analyzes the effects of climate change on real estate. As property values across the country decline by almost $1.5 trillion in total, other properties will increase in value to the tune of $244 billion.

   By 2055, climate-driven weather is expected to hike homeowners’ insurance premiums nationwide by an average of 29.4%, the organization found. At the same time, climate-related migration from extreme heat, wildfires and flooding will have 55 million Americans relocating within the U.S. over that 30-year period, beginning with more than 5 million this year.

   **Read more:** [https://www.cbsnews.com/news/climate-change-to-obliterate-1-5-trillion-in-us-home-values-study-finds/](https://www.cbsnews.com/news/climate-change-to-obliterate-1-5-trillion-in-us-home-values-study-finds/)

2. Soon to be updated to ??????? ????? to obliterate $1.5 trillion in US home values, cancelled study finds

3. Time to invest in moving companies?

4. Oh 30 years, we have plenty of time, plus I hear if you stop researching it, writing about it, talking about it, and just ignore it the problem goes away.

5. Helpful to know that the total value of homes in USA is around 50 trillion, so this is a 3% drop over 30 years.

   On the other hand:

   > **The total value of U.S. homes gained $3.1 trillion over the past 12 months** to reach a record $49.6 trillion, according to a new report from Redfin. In percentage terms, the total value of the U.S. housing market grew 6.6% year over year.8 Aug 2024

   Perspective helps a lot.

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