Majority of homeowners have invested in protecting their residences from climate threats

More than half (58%) of U.S. homeowners have invested in making their homes more resilient to climate threats, according to a new report from Redfin.

In a survey of 1,000 homeowners nationwide, roughly one-quarter (26%) said they”™ve spent money to make their home more resilient against extreme heat. The other risks that spurred homeowners include extreme cold (22%), flooding (16%), hurricanes and major tropical storms (14%), poor air quality (13%), tornadoes (12%), earthquakes (11%) and wildfires (11%).

In Florida, nearly three-quarters (71%) of homeowners have spent money to protect their residences from climate risk, with 40% of homeowners focusing on increased resiliency against hurricanes or other tropical storms.

“Americans are shelling out cash to fortify their homes against natural disasters as they increasingly move to at-risk areas despite intensifying climate change. Unfortunately, their investments aren”™t always enough ”“ a reality that came into focus when Hurricane Ian destroyed scores of homes, many of which lacked flood insurance,” said Redfin Chief Economist Daryl Fairweather. “Homeowners should be aware that their property value could drop over time if their area becomes uninsurable and/or uninhabitable due to climate change.”