Nearly half of all U.S. homes are threatened by extreme weather conditions, according to a new analysis that examines the potential impact of climate change on the country's housing market. Across the nation, roughly $22 trillion in residential properties are at risk of 'severe or extreme damage' from flooding, high winds, wildfires, heat or poor air quality, Realtor.com found.
Research from First Street also shows that residents of inland states such as Kentucky, South Dakota and West Virginia are facing sharply higher insurance premiums because of increased damage from extreme weather.Realtor.com tapped First Street's data to estimate the number of homes facing potential climate damage, focusing its study on the 100 largest cities. Other key findings from Realtor.com's analysis:5.