21% of Americans Believe Climate Change Hurting Home Values: Redfin Survey

by: Lisa Dacres
Category: Industry
Tags
Apr
21

Originally published on April 14, 2021, by Isabelle Novak for Redfin.

Redfin Survey: 1 in 5 Americans Believes Climate Change
Is Hurting Home Values In Their Area

Nearly two-thirds of U.S. homeowners have spent money to protect their homes against climate risks, with over one-third investing $5,000 or more. Extreme temperatures and flooding are among the top concerns.

SEATTLE, April 14, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — One in five Americans (21%) believes the increasing frequency or intensity of natural disasters, extreme temperatures and/or rising sea levels are hurting home values in their area, according to a new survey featured in a report from Redfin (redfin.com), the technology-powered real estate brokerage. A comparable share—23%—expect one or more of these factors to hurt local housing values in the next five years, and 12% think values will be negatively impacted in the next five to 10 years. Just over a third (35%) of Americans believe these factors will never diminish home values where they live.

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