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The Economics of the Housing Market with Daryl Fairweather

Weird Finance

00:00

The Impact of Climate Change on Housing

The way climate change is going to impact housing is that it's going to add to these supply problems. People are leaving climate resilient areas like San Francisco and moving to places that are less resilient such as California where you have a lot of forest fire risk or Florida who has sea level rise risk. Redfin added flood scores for any property in 2020 and we did an experiment where half of our users saw that information first. And we saw that people who were previously looking for extremely risky homes reduce their bid on those houses.

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