Climate Change To Slash U.S. Home Values By Nearly $1.5 Trillion By 2055, Study Says

Benzinga

A new study from First Street projects a nearly $1.5 trillion decline in U.S. home values by 2055 due to climate risks. Rising home insurance costs and shifting population patterns are expected to drive the trend. Areas such as California’s Central Valley and parts of New Jersey are forecasted to see population declines. Regions like Houston, Miami, and Tampa may continue to grow despite higher insurance premiums. The broader impact of climate change on U.S. home values remains difficult to pinpoint.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02A new study from First Street projects a nearly $1.5 trillion decline in U.S. home values by

00:082055 due to climate risks. Rising home insurance costs and shifting population patterns are

00:13expected to drive the trend. Areas such as California's Central Valley and parts of New

00:18Jersey are forecast to see population declines. Regions like Houston, Miami and Tampa may

00:24continue to grow despite higher insurance premiums. The broader impact of climate change

00:29on U.S. home values remains difficult to pinpoint. For all things money, visit Benzinga.com.

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