Can Climate Change Wipe Out $1.5 Trillion in U.S. Home Value — A Report Says ‘Yes’

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that U.S. home values could drop by $1.5 trillion due to climate change, according to CNBC. By 2055, 84% of homes may see devaluation, particularly in high-risk areas like Florida, where hurricanes and flooding drive prices down. Mortgage accessibility is also becoming a major issue, further reducing demand. Even inland cities like Phoenix, which faced record heat waves, may experience similar market shifts. As climate change worsens, its financial toll on real estate will continue to grow.