Which Real Estate Markets are Safest from Climate Change?

Climate change and real estate. Most people would say that they’re related, but not in a substantial way. We all know that homes can flood, catch fire, or be blown away from a tornado, but how many real estate investors are looking at the climate risk data before making a real estate-related decision? Institutional investors have been using climate change data to make educated decisions for decades, so why aren’t we doing the same?

Cal Inman, lecturer at UC Berkeley and principal over at ClimateCheck, saw that real estate developers were regularly looking at climate data to make decisions. As a small landlord himself, he struggled to find this same type of data for his residential properties. As fire and flooding became more prevalent throughout the United States, Cal knew that this data was imperative for homeowners, not just large-scale investment firms.

Now, thanks to ClimateCheck, homeowners, buyers, and sellers can look at climate change-related risk before they put any money into a property. Cal also shares why and where climate risk is rising, the safer parts of the US to invest in, and how different regions of the country are preparing for more elevated climate-caused catastrophes. If you’re investing on the coasts, in the plains, or anywhere in between, the data could completely change your investing strategy.

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Join the Future of Real Estate Investing with Fundrise:
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Check Your Home’s Climate Related Risk with ClimateCheck:
https://climatecheck.com/
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Redfin and ClimateCheck’s Guide to Climate Data:
https://www.redfin.com/guides/climate-change-housing-impact/methodology?utm_source=youtube&utm_medium=description&utm_campaign=none
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How Much Risk Does Climate Change Actually Pose To Real Estate?
https://www.biggerpockets.com/blog/climate-change-risk?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode 24

Show notes at: https://www.biggerpockets.com/blog/on-the-market-24?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
01:39 Discovering Climate Data Others Overlooked
06:03 How Top Investors Use Climate Data
15:10 Is Climate Risk Rising?
26:00 Steps Small Landlords Can Take
27:22 The Impact to Homebuying and Building
32:50 Where is Climate Change Impacting the Most?
42:06 Where to Check Your Property’s Risk
43:02 Will Climate Change Impact Your Buying Decision?

#biggerpockets #onthemarketpodcast #ep24

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