Will Global Warming Affect The Real Estate Market?

Climate change and global warming can affect the real estate market in several ways, and it may influence your decision to purchase a home. One of the most significant impacts is the increased risk of flooding, which can make some properties less desirable or uninsurable. The rising sea levels and extreme weather events associated with climate change also increase the risk of coastal properties being damaged or destroyed. Additionally, as temperatures continue to rise, the demand for homes in cooler regions may increase, leading to changes in housing prices and construction patterns. It could also affect the insurance and mortgage rates, a higher risk of natural disasters could mean home buyers would need to pay more for insurance, or that mortgages on certain homes will be harder to obtain.​

Possible impacts to a home's infrastructure could include:

• HVAC - systems may need to be resized and could possibly have shorter lifespans. Certain refrigerants will be banned or phased out (like R22). Technologies, with government backing, will be subsidized or penalized (right now the use of heat pumps is being pushed instead of gas or oil heat).
• Framing - supply chain issues can stall home building and renovation.
  
• Roofing - UV may shorten the useful life of roof shingles. Solar technology will gain in popularity.
  
• Water supply - some areas are experiencing drought. Wells that have functioned in the past may produce less water.
• Flooding - other parts of the country will receive more rain than normal, or experience flash flooding. Previously dry basements will be wet.