Climate Change


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Wildfire insurance crisis looms for California homeowners

Wildfire insurance crisis looms for California homeowners

Homeowners in fire-prone areas of California may soon find there’s no one to insure their properties. Last year, the...

Wildfire insurance crisis looms for California homeowners
Climate change is having an impact on the way borrowers and lenders think about mortgages. The traditional 30-year loan could diminish in popularity. (Getty)

Climate change is messing with 30-year mortgages

Climate change is affecting the viability of the classic 30-year mortgage, a keystone of the American housing market. Borrowers...

Climate change is messing with 30-year mortgages
High water levels in Lake Michigan erode a walkway and seawall (Credit: Scott Olson/Getty Images)

Rising waters are wreaking havoc on the Great Lakes’ real estate

Unusually high water levels and waves on the five Great Lakes are ravaging lakeside homes, infrastructure, and businesses. Some...

Rising waters are wreaking havoc on the Great Lakes’ real estate
Hard Rock Stadium in Miami (Credit: HOK Studio)

Climate change is a real threat to America’s very expensive stadiums

Miami’s Hard Rock Stadium hosts the Kansas City Chiefs and the San Francisco 49ers in Super Bowl LIV on...

Climate change is a real threat to America’s very expensive stadiums
Army Corps of Engineers Commander Lt. Gen. Todd Semonite and flooding caused by Hurricane Sandy in 2012 (inset) (Credit: Getty Images)

A $119B seawall still might not protect Manhattan, critics say

New York could get a $119 billion sea wall to help defend the city from future Sandy-like storms, but...

A $119B seawall still might not protect Manhattan, critics say
WATCH: Developers and brokers weigh in on Miami sea level rise

WATCH: Developers and brokers weigh in on Miami sea level rise

Miami developers and brokers offered their views on the effects of sea level rise on the Miami market, backstage...

WATCH: Developers and brokers weigh in on Miami sea level rise
(Illustration by Dushan Milic)

New York underwater

When President Donald Trump announced in June that the United States would pull out of the Paris climate accord, New York developer Jonathan Rose sensed that something more than an environmental safety net was...

New York underwater
Mexico Beach, Florida, in the aftermath of Hurricane Michael in 2018 (Credit: Getty Images)

Fitch to include natural disasters risks to RMBS ratings

Fitch Ratings will include natural disaster risks into its ratings of residential mortgage-backed securities, a sign that the industry...

Fitch to include natural disasters risks to RMBS ratings
Plans for NYC’s storm-surge barrier raise environmental concerns

Plans for NYC’s storm-surge barrier raise environmental concerns

In the years since Hurricane Sandy wrought havoc on the tri-state area, city, state and federal authorities have been...

Plans for NYC’s storm-surge barrier raise environmental concerns
“No one should be lending for 30 years in most of Florida,” financial climate analyst warns

“No one should be lending for 30 years in most of Florida,” financial climate analyst warns

Real estate lenders and investors are ignoring the rising threat that climate change poses in Florida, which could spell disaster for the state’s economy,...

“No one should be lending for 30 years in most of Florida,” financial climate analyst warns
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