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Why Ian may push Florida real estate out of reach for all but the super rich

Why Ian may push Florida real estate out of reach for all but the super rich

The hurricane’s record-breaking cost will make it even harder for many to get insurance, experts say — threatening home sales, mortgages and construction.
Biden tells officials to prepare for climate change's impact on economy
www.nytimes.com

Biden tells officials to prepare for climate change's impact on economy

A warming planet holds potential risks for home prices, investments, banking and other aspects of the global economy, the government said.
Rising seas threaten an American institution: The 30-year mortgage
www.nytimes.com

Rising seas threaten an American institution: The 30-year mortgage

Climate change is starting to transform the classic home loan, a fixture of the American experience and financial system that dates back generations.
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Bank regulators present a dire warning of financial risks from climate change
www.nytimes.com

Bank regulators present a dire warning of financial risks from climate change

The San Francisco Fed warned that banks, communities and homeowners face significant financial risk from climate change and offered proposals for banks to do more to help.
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Climate risk in the housing market has echoes of subprime crisis, study finds
www.nytimes.com

Climate risk in the housing market has echoes of subprime crisis, study finds

After hurricanes, mortgage lenders offload more of their vulnerable loans to Fannie Mae and Freddie Mac, whose rules prevent them from saying no.
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