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Homeowners don’t want to move. It’s a big deal for their shrinking backyards.
2+ week, 2+ day ago (816+ words) The shrinking American backyard is getting even smaller, and it partly has to do with mortgage rates. The bygone rates of the early 2020s " the last time they were below 3 percent " have had a powerful hold on their owners, who are…...
L.A. City ignored fire safety as it permitted development in high risk areas, lawsuit alleges
1+ mon, 2+ day ago (769+ words) The City of Los Angeles repeatedly ignored state wildfire safety regulations as it permitted new development in areas with severe fire hazards, a lawsuit filed Dec. 23 in the L.A. County Superior Court alleges. The lawsuit, brought by the State Alliance for…...
Courts rejects bid to beef up policies issued by California’s home insurer of last resort
1+ mon, 1+ week ago (827+ words) Retired nurse Nancy Reed has been through the ringer trying to get insurance for her home next to a San Diego County nature preserve. First, she was dropped by her longtime carrier and forced onto the state's insurer of last…...
America’s mobile housing affordability crisis reveals a system where income determines exposure to climate disasters
1+ mon, 3+ week ago (548+ words) Picture this: You're looking to buy a place to live, and you have two options. Option A is a beautiful home in California near good schools and job opportunities. But it goes for nearly a million dollars " the median California…...
Zillow’s short-sighted move to overlook climate risk
1+ mon, 3+ week ago (1081+ words) Earlier this month, the real-estate listing site Zillow ended a subtle social experiment. In 2024, they began to embed climate risk data directly in their property profiles, scoring a home's future risks from flood, wildfire, wind, heat, and air quality on…...
Higher Prices, Less Coverage: Your Stories of the Home Insurance Crunch
1+ mon, 4+ week ago (1330+ words) Last month, we reported on new research that found home insurance prices have increased drastically, particularly in areas most exposed to climate-related risk. And the research showed something new and equally worrisome: The effects of the higher rates are spilling…...
Moving to a climate-disaster zone just to afford a home
2+ mon, 1+ day ago (592+ words) Picture this: You're looking to buy a place to live, and you have two options. Option A is a beautiful home in California near good schools and job opportunities. But it goes for nearly a million dollars " the median California…...
Home Prices on a Warming Planet
2+ mon, 1+ week ago (1100+ words) Over the last few years, we've written about how climate change has driven home insurance prices way up for many Americans. And we've reported that insurers are losing money and dropping homeowners in a home insurance market that's wildly distorted....
Frustrated With Your Home Insurer? Tell Us About It.
2+ mon, 2+ week ago (144+ words) We're covering the intersection of climate change and home insurance, and we need your help. We want to know about your experience with your home insurer. We'll read every response to this questionnaire, and may contact you to learn more…...
‘Extreme’ California wildfire rages in hot weather — with only 21% of the inferno contained, threatening thousands
5+ mon, 3+ week ago (344+ words) A southern California wildfire that has threatened thousands of homes is still only 21% contained, officials said Saturday, warning of the blaze's "extreme" behavior amid low humidity and summer heat. The Gifford Fire, which started Aug. 1, has prompting widespread evacuation orders…...
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