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USA - Should Climate Change Dictate Where You Buy a House?

Add “climate change” to your home buying checklist

It’s no longer possible to ignore the effects of climate change. With wildfires, hurricanes, and other disasters threatening homes — especially along the coasts — it’s an issue at the forefront for homeowners.

But there’s still some uncertainty about home buying and climate change.

Are weather patterns still a secondary consideration? Or is it time to pick up and move to a safer region altogether? Naturally, the answer will be different for everyone. But knowing the facts can help you make a more informed decision about where to buy.

We looked into the most- and least-at-risk areas to buy a house in the era of climate change and asked real estate experts for their advice.

Here’s what we learned.

Where is climate change already impacting real estate?

A recent Redfin survey showed that most Americans are thinking about climate change when they decide to buy or sell a house. But some are much more worried about its impact than others.

The highest concentrations of home buyers and sellers “very concerned” about the environment were in:

  • Houston, TX (58%)
  • New York City, NY (47%)
  • Miami, FL (46%)
  • Austin, TX (44%)
  • Los Angeles, CA (43%)
  • San Francisco, CA (41%)
  • South Carolina (40%)

This shouldn’t come as a surprise. Most areas where people are “very concerned” are more vulnerable to the effects of climate change.

Read more.