The New Evidence Climate Change Will Upend American Homeownership

Last updated: February 3, 2025 5:02 pm

2 Min Read

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Opinion | That Giant Sucking Sound? It’s Climate Change Devouring Your Home’s Value.

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Where home values may decline because of climate change

Source: First Street

Note: The change in home values is modeled for changes in insurance premiums only, and doesn’t project future market forces.

The implications are staggering: Many Americans could face a paradigm shift in the way they save and how they define their economic security. Climate change is upending the basic assumption that Americans can continue to build wealth and financial security by owning their own home. In a sense, it is upending the American dream.

How climate change may cause rising insurance rates over the next 30 years

Source: First Street

Note: These predictions assume that there are no restrictions on the price insurers are allowed to charge.

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