Zillow
has
announced
that
its
real
estate
property
listings
in
the
US
will
soon
feature
details
about
climate
risks,
including
the
potential
for
wildfires,
flooding,
extreme
temperatures,
high
winds,
and
poor
air
quality.
Buyers
will
also
see
what
types
of
insurance
are
required
or
recommended
for
a
property.
The
climate
risk
data,
provided
through
a
partnership
with
First
Street,
which
specializes
in
“climate
risk
financial
modeling,”
will
be
introduced
to
the
Zillow
website
and
iOS
app
by
the
end
of
the
year
and
will
be
available
on
Zillow’s
Android
app
early
next
year.
In
August,
16.7
percent
of
new
listings
on
Zillow
were
at
“major
risk
of
wildfire,”
while
12.8
percent
had
a
major
risk
of
flooding,
says
the
company.
To
make
potential
homeowners
aware
of
those
risks,
Zillow’s
search
map
will
be
updated
with
color-coded
highlights
indicating
which
areas
are
likely
to
be
affected
by
those
five
key
risks,
with
each
one
having
its
own
color
scale
to
indicate
the
potential
severity.
The
five
different
climate
risks
will
each
be
given
a
score
when
looking
at
a
specific
property
listing.Image:
Zillow
When
home
shoppers
are
viewing
a
listing,
there
will
also
be
a
new
climate
risk
section
detailing
the
specific
risks
for
that
property
right
now
and
the
forecasted
severity
of
those
risks
in
the
future,
helping
buyers
understand
potential
costs
for
wind,
fire,
and
flood
insurance
over
time.
According
to
First
Street,
78
percent
of
the
homes
flooded
by
Hurricane
Debby
were
located
in
areas
where
flood
insurance
wasn’t
mandatory,
but
85
percent
of
them
would
have
been
flagged
with
an
insurance
recommendation
in
Zillow’s
new
climate
risk
assessments.
(Originally posted by Andrew Liszewski)
Comments