More than one in four U.S. homes—amounting to $12.7 trillion in real estate—faces at least one type of “severe or extreme climate risk,” like floods, hurricanes, and wildfires, according to a Realtor.com Climate Risk Report. The report by economist Jiayi Xu details how these mounting climate threats are reshaping housing markets, creating major financial burdens for homeowners, and driving up the cost and complexity of insurance nationwide.

Related articles:

• Housingwire: $12.7 trillion in US homes face severe climate risks
• Realtor.com: Report: 2025 Realtor.com Housing and Climate Risk Report