Climate Change Is Coming for the Housing Market
Summary by Katie Couric Media
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Climate Change Is Coming for the Housing Market
The financial toll of climate change isn’t just theoretical — it’s hitting home, quite literally. According to First Street, a climate research firm, weather-related disasters could drive a 380 percent surge in U.S. foreclosures over the next decade. By 2035, nearly one in three foreclosures could be linked to climate impacts like flooding and wind damage. Who could be the hardest hit? First Street warns that moderate-income households are part…
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