Photo by Chris Gallagher on Unsplash
Written by Lauren Liebhaber for Stacker.com
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Some of the most highly prized real estate in the U.S. exists in areas considered high risk for wildfires, flooding, or drought. Despite this present and growing danger, many Americans are still moving to climate-vulnerable regions.
This may be because some people are willing to take the risk if it means living in their dream home—an attempt to defy nature for one’s own hubris. To better educate prospective homebuyers, real estate brokerage site Redfin now provides a climate risk assessment for every property which includes flood, drought, heat, storm, and fire risk data at a glance. Even with the power of this information, homes with high fire risk are selling for $120,000 more than low-risk properties, per Redfin’s June 2022 report.
