Climate change

While most would consider where their next house will be due to natural disasters, only two in five would move from their current property, Freddie Mac said.

The operational melding of highly regulated banks and less-regulated fintechs led acting Comptroller of the Currency Michael Hsu to warn of the potential for another financial crisis.

Low-income housing tax credits that incent the creation of affordable apartment units have provisions that make buildings less susceptible to damage from natural disasters, but they’re not consistent, Freddie Mac found.

While the appeal of homeownership and larger spaces led property values in many fire-prone regions to surge to new records, those areas are also seeing more frequent price drops, Redfin says.

The Federal Housing Finance Agency has indicated that lenders will be required to demonstrate policies addressing the risk on business.

Two progressive Democratic senators said they oppose the renomination of Federal Reserve Chair Jerome Powell to a second term, joining Elizabeth Warren in urging President Biden to choose someone else.

Meanwhile, nearly half of consumers are more worried about severe weather now compared to five years ago, according to Realtor.com.

A ClimateCheck score measures the risk of disaster at the zip-code level over the period of a 30-year mortgage.

Rising sea levels aren’t keeping buyers from scooping up oceanfront homes as work flexibility gives consumers wider options on where to live, according to Redfin.

Increasingly extreme weather patterns and natural disasters weigh heavy on the majority of borrowers looking to buy a house, while half will move because of it, according to Redfin.