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Climate Change Threatens the 30-Year Mortgage

Climate Change Threatens the 30-Year Mortgage

CBS News reported last fall that climate change could punch a hole through the financial system by making 30-year home mortgages — the lifeblood of the American housing market — effectively unobtainable in entire regions across parts of the U.S. Recent reporting from the New York Times goes further to explain that homebuyers are increasingly […]

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Climate Change Poses Huge Risks to Housing Markets, Taxpayers Are Covering the Costs

Climate Change Poses Huge Risks to Housing Markets, Taxpayers Are Covering the Costs

  In the last 20 years, the U.S. has seen an average of almost seven natural events per year that each produce damages in excess of $1 billion. In the aftermath, not only are homeowners waiting an average of 5 years for FEMA-backed buyout of damaged homes but there’s growing concern that banks are giving […]

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Flooding in the U.S. is getting worse, what we can do to prepare

Flooding in the U.S. is getting worse, what we can do to prepare

Flooding in America is becoming more frequent and severe and as NPR recently explained in a video, “In some parts of the Midwest and East Coast, extreme rain has already increased more than 50% since the early 1900s.” Warmer air as a result of climate change holds more moisture and thus increases the potential for […]

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