"When buyers lack access to clear climate-risk information, they make the biggest financial decision of their lives while flying blind,"
"The risk doesn't go away; it just moves from a pre-purchase decision into a post-purchase liability."
"displaying the probability of a specific home flooding this year or within the next five years can have a significant impact on the perceived desirability of that property."
Zillow introduced First Street climate risk scores in September 2024 but removed them from more than one million listings following objections from the California Regional Multiple Listing Service (CRMLS). The removed scores were replaced by a subtle link to First Street records. First Street contends that withholding clear climate-risk information forces buyers to make major purchases without full awareness and shifts risk into post-purchase liability. First Street scores remain on Realtor.com, Redfin, and Homes.com. First Street has raised over $50 million from investors. CRMLS questioned the accuracy and the market impact of short-term flood probability displays.
Read at TechCrunch
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