Zillow's new feature allows users to view climate risks for properties, revealing that more homes listed for sale now have major climate risks compared to five years ago.
In August, over 50% of new listings faced extreme heat risk, a third had extreme wind exposure, and significant percentages faced wildfire, air quality, and flooding risks.
The insurance crisis driven by extreme weather risks is especially severe in states like California and Florida, where insurers are limiting or exiting the market.
A recent report underscores the vulnerability of small banks in America, as rising weather-related disasters threaten property values and lead to substantial financial losses.
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