Climate Change Threatens Nearly Half of U.S. Homes with Severe Weather Events, Study Shows
The impacts of climate change are becoming more apparent in the United States, as a new study warns that severe storms will pose a significant threat to nearly half of all homes in the country. According to Realtor.com, approximately $22 trillion in residential properties are at risk of “severe or extreme damage” from flooding, high winds, wildfires, heat, or poor air quality.
The consequences of these natural disasters go beyond just property damage. Higher insurance premiums and reduced coverage options are already affecting homeowners in various states, including those not typically associated with climate risks. This growing problem has the potential to drive up insurance costs, destabilize the housing market, and make homeownership increasingly expensive.
The study also highlights the changing landscape of where people choose to live, with more than 3 million Americans relocating due to flood risks. Additionally, a staggering 83 million Americans are exposed to unhealthy air each year, further emphasizing the widespread impact of climate change on society.
As climate change continues to shape our environment and economy, experts urge for proactive measures to mitigate these risks and protect against the increasing severity of storms and natural disasters. The need for sustainable practices and policies is more crucial than ever to safeguard communities and properties from the escalating threats posed by climate change.