Resolution recognizing climate change as a threat to the mortgage market and home values.
The resolution acknowledges that climate change poses significant risks to the mortgage market and home values. It cites research indicating potential losses of nearly $1.5 trillion in U.S. residential property value over the next 30 years due to climate change. The resolution also highlights the Federal Housing Finance Agency's recognition of climate risk and the impact of sea-level rise on coastal home values. It warns of a potential broader economic recession due to these climate-related threats.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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