Property Prices in Peril

Regional desirability is being reshaped by chronic changes in climate across the country: coastal areas are increasingly threatened by sea level rise, while inland regions face intensifying heat waves, droughts, and floods. At the same time, the increased frequency and intensity of natural disasters has triggered unprecedented levels of property damage, prompting insurance providers to increase premiums or withdraw coverage from high-risk areas altogether. Chronic climate changes create additional financial burdens – from surging utility bills to increased maintenance costs. Ultimately, environmental stressors and associated rising homeownership costs are together reshaping home values. With residential real estate representing one of the largest economic sectors in the country, these shifts will result in serious impacts that ripple through communities. Understanding these dynamics is crucial as public and private stakeholders navigate an increasingly complex landscape where housing decisions must balance traditional location value drivers with new climate realities.