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Flood risks are insufficiently priced into housing markets but better pricing would leave some worse off

We estimate that US residential properties exposed to flood risks are overvalued by close to US$200 billion. We discuss where these properties are located, and who stands to lose the most from housing prices that better reflect climate risks.

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Fig. 1: Property overvaluation by county.


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This is a summary of: Gourevitch, J. D. et al. Unpriced climate risk and the potential consequences of overvaluation in US housing markets. Nat. Clim. Change (2023).

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Flood risks are insufficiently priced into housing markets but better pricing would leave some worse off. Nat. Clim. Chang. 13, 216–217 (2023).

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