Stat Snap
Zillow is featuring a new analysis category on its app and website. Data aggregated by First Street will show a climate risk score for home listings, reflecting risk from extreme heat, wildfires, wind damage, poor air quality or flooding.
According to a Zillow survey, more than 80% of homebuyers are taking climate risk into account when selecting a home. Their interest is not only one of general comfort, but a financial factor affecting owners’ ability to get home insurance and what that coverage will cost—directly impacting a home’s affordability.
Location, of course, plays a large role in the climate risk assessment. Generally speaking, homes in metro areas in the Southwest and West, as well as those on the East and Gulf Coasts, have higher risk ratings than Midwestern cities.
