First Street just launched a suite of climate risk data for every for-sale property listed on [Zillow.](https://www.cnbc.com/quotes/ZG/)
“Climate risks are now a critical factor in home-buying decisions,” said Skylar Olsen, chief economist at Zillow, in a release. “We’re providing buyers and sellers with clear, property-specific climate data so they can make informed decisions. As concerns about flooding, extreme temperatures, and wildfires grow, this tool also helps agents inform their clients in discussing climate risk, insurance, and long-term affordability.”
Each for-sale listing on Zillow now displays First Street risk scores for flood, fire, wind, air, and heat. They also show those same risk percentages estimated 15 years and 30 years into the future — the standard lengths for fixed-rate mortgages.
On properties with some risk now, it often shows that risk rise over time, as First Street incorporates the effects of climate change. This is especially true for the flood risk, because climate change is already intensifying the severity of rainfall, even in minor storms.
The data also includes a recommendation as to whether the homeowner should have flood insurance and a link to the First Street site, which will help estimate insurance costs.
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First Street just launched a suite of climate risk data for every for-sale property listed on [Zillow.](https://www.cnbc.com/quotes/ZG/)
“Climate risks are now a critical factor in home-buying decisions,” said Skylar Olsen, chief economist at Zillow, in a release. “We’re providing buyers and sellers with clear, property-specific climate data so they can make informed decisions. As concerns about flooding, extreme temperatures, and wildfires grow, this tool also helps agents inform their clients in discussing climate risk, insurance, and long-term affordability.”
Each for-sale listing on Zillow now displays First Street risk scores for flood, fire, wind, air, and heat. They also show those same risk percentages estimated 15 years and 30 years into the future — the standard lengths for fixed-rate mortgages.
On properties with some risk now, it often shows that risk rise over time, as First Street incorporates the effects of climate change. This is especially true for the flood risk, because climate change is already intensifying the severity of rainfall, even in minor storms.
The data also includes a recommendation as to whether the homeowner should have flood insurance and a link to the First Street site, which will help estimate insurance costs.
More: [https://www.cnbc.com/2024/10/04/zillow-adds-climate-risk-data-to-home-listings.html](https://www.cnbc.com/2024/10/04/zillow-adds-climate-risk-data-to-home-listings.html)
“Risk data is not available for this property.”