Dr. Jeremy Porter

I think that there are ways to optimize that process now, though, that do include taking climate into account the same way we've taken other factors into account in the past? How do I, you know, optimize the home buying process so that I'm reducing the risk and maybe I'm buying a home that has, you know, a flood score of a five instead of a flood score of a 10?

The quintessential example in Miami has been sort of this movement from parts of the Miami Beach, sort of coastal region, into an area called Little Haiti that's further inland in Miami-Dade County. It's right along the railroad tracks. It's the high point of Miami-Dade County.

The quintessential example in Miami has been sort of this movement from parts of the Miami Beach, sort of coastal region, into an area called Little Haiti that's further inland in Miami-Dade County. It's right along the railroad tracks. It's the high point of Miami-Dade County.

The quintessential example in Miami has been sort of this movement from parts of the Miami Beach, sort of coastal region, into an area called Little Haiti that's further inland in Miami-Dade County. It's right along the railroad tracks. It's the high point of Miami-Dade County.

And people on the real estate market at that time were asking their realtors for three bedrooms, two bathrooms, 2,000 square feet, and a certain level of elevation. They wanted to be a certain level above sea level because of tidal flooding and because of increasing sea level tidal flooding events along the coast. And sort of the limestone bedrock in Miami meant there really wasn't anywhere safe.

And people on the real estate market at that time were asking their realtors for three bedrooms, two bathrooms, 2,000 square feet, and a certain level of elevation. They wanted to be a certain level above sea level because of tidal flooding and because of increasing sea level tidal flooding events along the coast. And sort of the limestone bedrock in Miami meant there really wasn't anywhere safe.

And people on the real estate market at that time were asking their realtors for three bedrooms, two bathrooms, 2,000 square feet, and a certain level of elevation. They wanted to be a certain level above sea level because of tidal flooding and because of increasing sea level tidal flooding events along the coast. And sort of the limestone bedrock in Miami meant there really wasn't anywhere safe.

The water got underground and it rose up through the ground. But high points, places like Little Haiti became much more valuable than they had been prior to this because people were aware of the flooding risk within that market.

The water got underground and it rose up through the ground. But high points, places like Little Haiti became much more valuable than they had been prior to this because people were aware of the flooding risk within that market.

The water got underground and it rose up through the ground. But high points, places like Little Haiti became much more valuable than they had been prior to this because people were aware of the flooding risk within that market.

Yeah, that Miami example that I gave earlier, it was part of an analysis back in 2017. And the title of the paper that it came out in was called Climate Gentrification. It was people leaving the Miami Beach area. moving into the Little Haiti area, which had been a less desirable area. It was primarily a more vulnerable socioeconomic community, a minority community, and people were moving in.

Yeah, that Miami example that I gave earlier, it was part of an analysis back in 2017. And the title of the paper that it came out in was called Climate Gentrification. It was people leaving the Miami Beach area. moving into the Little Haiti area, which had been a less desirable area. It was primarily a more vulnerable socioeconomic community, a minority community, and people were moving in.

Yeah, that Miami example that I gave earlier, it was part of an analysis back in 2017. And the title of the paper that it came out in was called Climate Gentrification. It was people leaving the Miami Beach area. moving into the Little Haiti area, which had been a less desirable area. It was primarily a more vulnerable socioeconomic community, a minority community, and people were moving in.

They were driving up the cost of real estate in the area. So having the information and integrating it into the process of the home buying process, I guess, it does have consequences in terms of potentially giving those that have the means to avoid climate risk the ability to do so. And those that don't have the means are ultimately unable to.

They were driving up the cost of real estate in the area. So having the information and integrating it into the process of the home buying process, I guess, it does have consequences in terms of potentially giving those that have the means to avoid climate risk the ability to do so. And those that don't have the means are ultimately unable to.

They were driving up the cost of real estate in the area. So having the information and integrating it into the process of the home buying process, I guess, it does have consequences in terms of potentially giving those that have the means to avoid climate risk the ability to do so. And those that don't have the means are ultimately unable to.

There absolutely is a negative impact to having a high climate risk score. I think we've already seen, even through the integration of the data on one of the sites on Redfin.com, they did an analysis where They exposed half the people that came to the site to the data. They didn't expose the other half of the people to the data.

There absolutely is a negative impact to having a high climate risk score. I think we've already seen, even through the integration of the data on one of the sites on Redfin.com, they did an analysis where They exposed half the people that came to the site to the data. They didn't expose the other half of the people to the data.

There absolutely is a negative impact to having a high climate risk score. I think we've already seen, even through the integration of the data on one of the sites on Redfin.com, they did an analysis where They exposed half the people that came to the site to the data. They didn't expose the other half of the people to the data.

And the people that were exposed to the data systematically searched for lower risk homes. That means the higher risk homes are staying on the market longer. They have lower list to sale prices or sale to list prices, sorry, on the market. And they are losing property value because of that. Ultimately, that makes its way into the transaction record and depresses the value there.