First Street Foundation - HoustonNewMedia.org

Climate-Related Risks Could Reduce Real Estate Values by $1.4 Trillion in Next 30 Years

Reduce Flooding — Wed, 05 Feb 2025 00:00:30 +0000

2/4/25 – First Street Foundation released a new study today as part of its 12th National Risk Assessment. “Property Prices in Peril” estimates that real estate values could lose $1.4 trillion over the next 30 years due to climate-related risks. That number is unadjusted for inflation. First Street specializes in climate risk financial modeling. Its […]

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Do You Know Your Home’s True Flood Risk?

Reduce Flooding — Mon, 18 Nov 2024 23:29:55 +0000

11/18/24 – Do you know your home’s true flood risk? In October, National Geographic ran an insightful article by Meryl Davids Landau titled “Many Americans are buying homes in flood zones – and don’t realize it.” The article begins, “The Flood Insurance Rate Maps (FIRMs) used by FEMA are based on antiquated data and obsolete […]

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How Flood-Risk Information Affects Real-Estate Sales

Reduce Flooding — Wed, 20 Dec 2023 00:36:58 +0000

A new study of “climate migration” by the First Street Foundation looks at how flood-risk information affects real-estate sales. It found that the availability of high-resolution data affects home buying, sometimes in surprising ways. The foundation’s mission is to make climate-risk data accessible, easy to understand and actionable for individuals, governments, and industry. It estimates […]

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New Data Suggests Houston’s Expected 100-Year Flood Is More Likely to Happen Every 8 to 23 Years

Reduce Flooding — Tue, 27 Jun 2023 00:14:10 +0000

First Street Foundation, a non-profit risk-research group, estimates (based on what it says are “well known” Atlas-14 flaws) that a so-called 100-year flood event in Houston could likely happen every 8 to 23 years. NOAA’s Atlas 14, a massive, years-long effort, which hasn’t even been fully implemented yet, may already be seriously out of date […]

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