When Climate Meets Real Estate: A Survey of the Literature

Justin Contat, Caroline Hopkins, Luis Mejia () and Matthew Suandi
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Luis Mejia: Federal Housing Finance Agency

No 23-05, FHFA Staff Working Papers from Federal Housing Finance Agency

Abstract: With near unanimity, climate scientists project natural disasters to increase in frequency, severity, and geographic scope over the next century. We survey academic literature at the intersection of these climate risks and real estate. Our review of physical risks includes price, loan performance, and migratory effects stemming from flooding, wildfires, and sea level rise. We review transition risks, including energy use and decarbonization, as they relate to real estate. Where possible, we explain how these topics may intersect with housing affordability. We conclude by highlighting critical areas for future research.

Keywords: climate change; hazard risk; sustainability; affordability (search for similar items in EconPapers)
JEL-codes: C5 E3 R1 R3 (search for similar items in EconPapers)
Pages: 89 pages
Date: 2023-07
New Economics Papers: this item is included in nep-ene, nep-env and nep-ure
References: View references in EconPapers View complete reference list from CitEc
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Published in Real Estate Economics.

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Related works:
Journal Article: When climate meets real estate: A survey of the literature (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hfa:wpaper:23-05

DOI: 10.1111/1540-6229.12489

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