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In Brief – April/May 2023

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How Unpriced Climate Risk May Affect the US Housing Market

A RECENT study in the journal Nature suggests that residential properties exposed to flood risk are overvalued by $121 billion to $237 billion—much more than previously established— posing challenges for property owners, insurers, mortgage lenders, and the federal government.

While the future dynamics of how unpriced flood risk is captured by the housing market will be critical…

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