How Climate Change Affects Real Estate
Climate change is affecting many facets of modern society, but many people aren't aware of how much of an effect it has on the real estate market. For many different reasons, shifts in local climate cause people to move around the country. Here are some things to understand about climate change and its effects on real estate. Risk Aversion Risk aversion is one factor that affects long term buying decisions. Climate change is set to raise sea levels several feet over the next decade, and many buyers are taking this as a sign not to buy houses in low-lying, coastal areas.