Study detects US climate migration away from Atlantic Ocean. Poor are left behind.

Drawing on U.S. Census data, they found that U.S. households subject to hurricanes and flooding were 1.6% more likely to move locally and 0.7% more likely to leave the area completely. Although the measurable effect is small, over time and at scale it has huge implications for coastal communities — particularly for poorer residents, who are less likely to move given fewer resources, and especially in areas prone to repeat disasters, where local adaptation efforts may not be up to the task.

“I think a smarter policy is to get people to move away from high-risk areas,” Sheldon told The Post and Courtier. “I mean, build back better? Are they going to rebuild a similar structure that is going to flood again?”

Natural disasters such as hurricanes are one thing, powerful and palpable, but the imperceptibly pernicious effects of repeated flooding (or extreme heat, or wildfire smoke) may play an even larger role in the long-term health of one’s home or community.

At Climate Alpha, our Resilience Index™ and risk-adjusted real estate valuations can help government officials identify where local adaptation efforts will go the furthest — and where residents in harm’s way should move next.

Visit to learn more how our tools empower investors, developers, public officials — and soon homeowners — to discover tomorrow’s more resilient communities.

#climatemigration #managedretreat #climategentrification #extremeheat #flooding


Why Ian May Push Florida Real Estate Out of Reach for All but the Super Rich

The New York Times discusses how Hurricane Ian’s record breaking cost will make it even harder for many to get insurance — Florida’s insurance market faces collapse as FEMA and reinsurers alike reprice the risks and race premiums accordingly. The result might be a housing market in which homeownership is the sole preserve of those with deep enough pockets to buy a house in cash and pay to rebuild at any price.

“Ian’s aftermath shows how climate change is increasingly eroding the financial underpinnings of modern American life,” writes The New York Times‘ Christopher Flavelle. “Without insurance, banks won’t issue a mortgage; without a mortgage, most prospective homeowners can’t buy a home. With fewer buyers, home prices fall, and new development can slow or even come to a stop.”

While Florida has held out against this vicious circle for decades, past results do not guarantee future performance. At Climate Alpha, our suite of tools help homebuilders, developments, asset managers, and reinsurers — not to mention homeowners themselves — understand these risks and steer them to neighboring opportunities. Visit Climate Alpha’s Product Page to learn more about how we can help you understand when — and where — the American Dream is at risk… and where it’s thriving.

#realestate #flooding #climateadaptation #climaterisks#creditrisk #sustainablefinance

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