Climate

“Between 2007 and 2017, average home prices in areas facing the lowest risk of flooding, hurricanes and wildfires have far outpaced those with the greatest risk, according to figures compiled for Bloomberg News by Attom Data Solutions, a curator of national property data. Homes in areas most exposed to flood and hurricane risk were worth less last year, on average, than a decade earlier.”   More …

“Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit.”  More …

A new government study finds climate change is already costing taxpayers billions in disaster relief due to more extreme weather events.  More …

“While the damage caused by recent hurricanes is a devastating reminder of how quickly the weather can undo people’s lives and destroy their homes, the potential for damage from a slower-moving phenomenon could be even more destructive: Rising sea levels. Building on our 2016 analysis of the impact a rising tide could have on U.S. homes, we looked again at how many homes might be underwater by the end of the century — and whether those homes are in the top, middle or bottom tier in their areas. We also calculated the share in urban, suburban and rural areas.”  Zillow Research …

“A scientific review prepared for a massive U.S. government report on climate change forcefully asserts that human activity is changing the global climate—and that the U.S. is already feeling the effects.”  More …