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Climate change already hitting home prices

Climate change already hitting home prices

The risk of climate change appears to be having an impact on housing prices. Average home prices in areas that face low risks of flooding, hurricanes and wildfires outpaced areas that had a greater...

Climate change already hitting home prices
NEW YORK, NY - OCTOBER 31: The remains of burned homes (Bottom R) are surrounded by water with the Manhattan skyline in the distance after Superstorm Sandy on October 31, 2012 in the Breezy Point neighborhood of the Queens borough of New York City. Over 50 homes were reportedly destroyed in a fire during the storm. At least 50 people were reportedly killed in the U.S. by Sandy. New York City was hit especially hard with widespread power outages and significant flooding in parts of the city.  (Photo by Mario Tama/Getty Images)

NYC basements may not be insurable soon

You might not want to bank on basement apartments boosting the city’s affordable housing stock — according to one of Europe’s largest insurers, such units won’t be insurable in the next 10 years. “If...

NYC basements may not be insurable soon

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