A new study from First Street projects a nearly $1.5 trillion decline in U.S. home values by 2055 due to climate risks. Rising home insurance costs and shifting population patterns are expected to drive the trend. Areas such as California’s Central Valley and parts of New Jersey are forecasted to see population declines. Regions like Houston, Miami, and Tampa may continue to grow despite higher insurance premiums. The broader impact of climate change on U.S. home values remains difficult to pinpoint.
