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Redfin Will Now Tell You How At-Risk Your Dream Home Is to Climate Change

Gizmodo: “It hard enough to buy a home, but the climate crisis is making it even more challenging. Will a prospective house be underwater? Catch on fire? Real estate brokerage firm Redfin is offering a new tool to assess those and other climate risks. Anyone who visits the site will soon be able to see a climate safety rating ranging from 0 to 100 for the county, city, neighborhood, and zip code of the home they’re looking at. The grades, provided by the startup ClimateCheck, are based on an analysis of an area’s risk for five climate-related disasters—storms, temperature, drought, fire, and floods—over the course of 30 years, which is the length of a traditional mortgage. “A home is a huge financial investment, and these days consumers are seeing all too many examples of climate-related risks like fires, floods, and heat waves,” Christian Taubman, Redfin chief growth officer,said in a statement. “By bringing ClimateCheck’s data to every location page on, we’re making it easy for consumers to make better-informed decisions about buying, selling, and renting.” The risk assessment is based on dozens of models from various groups and agencies, including the Intergovernmental Panel on Climate Change, the National Oceanic and Atmospheric Association, Forest Service, and the Federal Emergency Management Agency. The assessment is based on the worst-case climate scenario known as RCP 8.5 in which carbon pollution rises unabated. Analysts then make these global models relevant to the local level with a technique called downscaling…”

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