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New Zillow feature: Climate risk data added to home listings

  • Climate risks now critical factor in home-buying decisions: Economist
  • Zillow launches feature showing vulnerability of for-sale properties
  • New tool also offers tailored insurance recommendations

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(NewsNation) — Assessing an area’s climate risk before buying a new home has become more vital as natural disasters threaten increasingly large areas of the country.

Zillow survey published earlier this week reported that more than four out of five prospective homebuyers consider climate risks when pondering where to live.

In response, Zillow launched a climate risk feature that will show how vulnerable for-sale properties are.

First Street, a climate modeling company, partnered with Zillow last month to add the information.

Home shoppers will gain insights into five key risks: Flood, wildfire, wind, heat and air quality. The data comes directly from listing pages, complete with risk scores and interactive maps. The feature also estimates a home’s climate risks 15 years and 30 years into the future.

Additionally, Zillow said it’s the only platform to offer tailored insurance recommendations, as well.

“Climate risks are now a critical factor in home-buying decisions,” Skylar Olsen, chief economist at Zillow, said in a statement. “As concerns about flooding, extreme temperatures and wildfires grow — and what that might mean for future insurance costs — this tool also helps agents inform their clients in discussing climate risk, insurance and long-term affordability.”

Climate

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