Florida’s Climate Risks Threaten Property Values as Mortgages and Insurance Dry Up

Doug McIntyre and David Callaway discuss how Florida’s climate risks are impacting the housing market, particularly regarding insurance and mortgages. In some areas, homebuyers can’t secure mortgages due to the lack of insurance, which should theoretically cause property values to plummet. However, an influx of cash buyers and alternative financing options have kept prices steady. As lower interest rates loom, they suggest that home prices might even rise, despite the increasing risks associated with climate change and financial instability.