Housing markets are failing to price in climate risks in their assessment of housing values, according to a recent study published by Nature.

A study recently published by the journal Nature finds that U.S. residential properties exposed to flood risk are overvalued by between $121 billion and $237 billion.
The number of homes in the United States at risk of flooding, especially as extreme weather becomes more frequent as a result of climate change, accounts for some of that risk, according to the study. “Currently, more than 14.6 million properties in the United States face at least a 1% annual probability of flooding, reads the abstract. The study assumes that climate change will increase that total by 11 percent.
The journal article, authored by Jesse D. Gourevitch, Carolyn Kousky, Yanjun (Penny) Liao, Christoph Nolte, Adam B. Pollack, Jeremy R. Porter, and Joakim A. Weill is available in full online.
FULL STORY: Unpriced climate risk and the potential consequences of overvaluation in US housing markets

Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

‘Smart Surfaces’ Policy Guide Offers Advice for Building and Maintaining Urban Tree Canopies
Healthy, robust tree canopies can reduce the impacts of extreme heat and improve air quality.

New Jersey Lawsuit Targets Rent-Setting Algorithms
The state of New Jersey is taking legal action against landlords and companies that engage in what the state’s Attorney General alleges is illegal rent fixing.

Washington Legislature Passes Rent Increase Cap
A bill that caps rent increases at 7 percent plus inflation is headed to the governor’s desk.
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