Climate risk is reshaping America’s housing market

In a New York Times article, research done by Penn IUR Faculty Fellow Ben Keys of The Wharton School helps explain the impact of climate-driven "resinsurance shock", where the risks are, and what they could mean for the future of American homeownership. Keys notes:

“Homeowners don’t appreciate or don’t understand that we are living in a much riskier world than we were 25 years ago. And that risk? They have to pay for it.”