Bloomberg: "US Housing Market is Overvalued by Billions Due to Ignored Flood Risk"

This story details a new article in the journal Nature Climate Change coauthored by RFF Fellow Penny Liao.

View on Bloomberg website

Date

Feb. 16, 2023

News Type

Media Highlight

Source

Bloomberg

US homes in areas prone to floods may be currently overvalued in the range of $121 billion to $237 billion, according to a report published Thursday in the journal Nature Climate Change.... The report was authored by researchers from First Street, the Environmental Defense Fund and Resources for the Future, among others.

Topics

Related People

Yanjun (Penny) Liao

Fellow

Yanjun (Penny) Liao is a fellow at Resources for the Future.

Related Content

Journal Article — Feb 16, 2023

Unpriced Climate Risk and the Potential Consequences of Overvaluation in US Housing Markets

Working Paper — Apr 19, 2024

Wildfire Smoke in the United States

This working paper identifies priorities and policy options for mitigating the health, economic, and wellbeing impacts of wildfire smoke in the United States.

Media Highlight — Mar 27, 2024

Cipher: “Changes in US Tax Rules Provide Big Boost for Renewables”

RFF Board of Directors Member and Senior Advisor Jay Bartlett offers comments on tax breaks for clean energy companies.

Report — Mar 13, 2024

Operational versus Capital Expenditure Risk in a Clean Energy Transition

This report analyzes the differences between risk profiles posed by fossil assets and "green" alternative assets.