Housing and Climate Change News - Redfin

Housing Equality & Policy

Climate Change Pushes Up Home Insurance Premiums

Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the already intractable housing affordability crisis, as homeowners

Redfin now displays First Street Foundation's Wind Factor data for all U.S. for-sale homes.

Redfin Adds Wind Risk Data for U.S. Homes

This week, Redfin became the first brokerage to publish wind risk data for nearly every U.S. home for sale on Redfin.com. That means you can now use Redfin to find important information about a home’s wildfire, flood, extreme heat and wind risk, provided by our partners at First Street Foundation.    Why We Did It

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

Climate Change Pushes Up Home Insurance Premiums

Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022 to May 2023. Florida experienced the largest jump with premiums increasing by 35%. The steep increases in homeowner’s insurance costs contribute to the already intractable housing affordability crisis, as homeowners

Redfin now displays First Street Foundation's Wind Factor data for all U.S. for-sale homes.

Redfin Adds Wind Risk Data for U.S. Homes

This week, Redfin became the first brokerage to publish wind risk data for nearly every U.S. home for sale on Redfin.com. That means you can now use Redfin to find important information about a home’s wildfire, flood, extreme heat and wind risk, provided by our partners at First Street Foundation.    Why We Did It

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

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