Zillow Adds Climate Risk Data to Home Listings as Threats Rise
Friday, Oct 4, 2024 4:05 pm ET
1min read In an effort to help homebuyers make informed decisions, Zillow, the leading real estate marketplace, has introduced climate risk data to its for-sale home listings. This move comes as the impacts of climate change become increasingly apparent, with more homes facing significant risks from natural disasters and extreme weather events.
The new climate risk data, provided by First Street, a trusted leader in climate risk modeling, covers five key categories: flood, wildfire, wind, heat, and air quality. Home shoppers can now access detailed, property-specific data, including risk scores, interactive maps, and insurance recommendations. This information will help buyers better assess long-term affordability and plan for the future.
According to a Zillow survey, more than 80% of potential homebuyers consider climate risk in their decisions. As concerns about flooding, extreme temperatures, and wildfires grow, this tool will help agents inform their clients about climate risk, insurance, and long-term affordability.
The integration of climate risk data into Zillow's listings is a significant step towards addressing the growing concerns of homebuyers. As the impacts of climate change become more pronounced, it is crucial for homeowners to be aware of the potential risks and costs associated with their properties. By providing this information, Zillow is empowering buyers to make more informed decisions and adapt to the changing climate.
In conclusion, Zillow's addition of climate risk data to its home listings is a welcome development for homebuyers and sellers alike. As climate change continues to pose threats to properties across the country, it is essential for real estate platforms to provide accurate and accessible information to help consumers navigate these challenges.
The new climate risk data, provided by First Street, a trusted leader in climate risk modeling, covers five key categories: flood, wildfire, wind, heat, and air quality. Home shoppers can now access detailed, property-specific data, including risk scores, interactive maps, and insurance recommendations. This information will help buyers better assess long-term affordability and plan for the future.
According to a Zillow survey, more than 80% of potential homebuyers consider climate risk in their decisions. As concerns about flooding, extreme temperatures, and wildfires grow, this tool will help agents inform their clients about climate risk, insurance, and long-term affordability.
The integration of climate risk data into Zillow's listings is a significant step towards addressing the growing concerns of homebuyers. As the impacts of climate change become more pronounced, it is crucial for homeowners to be aware of the potential risks and costs associated with their properties. By providing this information, Zillow is empowering buyers to make more informed decisions and adapt to the changing climate.
In conclusion, Zillow's addition of climate risk data to its home listings is a welcome development for homebuyers and sellers alike. As climate change continues to pose threats to properties across the country, it is essential for real estate platforms to provide accurate and accessible information to help consumers navigate these challenges.
