Climate-Driven Flooding Triggers Home Foreclosures Across the U.S.

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that flooding — especially in climate-vulnerable states like Florida — is causing a sharp increase in home foreclosures. A new study shows a 40% spike in foreclosures on flood-damaged properties. McIntyre explains how rising insurance costs and diminished resale value trap homeowners, leading to broader impacts on local housing markets and banks burdened with unsellable properties.