Climate Risk Trackers
Redfin Brokerage Introduces a Tool to Asses Climate Risk
Francesca Mercurio — August 10, 2021
Seattle-based real estate brokerage, Redfin, plans to introduce a new feature to all its listings - a climate risk analyzer.
As global warming continues to way heavy on everyone's mind, Redfin has decided to work with company ClimateCheck to incorporate a system that will analyze the risk of heat, fire, drought, and storms over a 30-year period in a specific region. Redfin conducted a report and discovered that many Americans consider climate risks when deciding where to reside. The report discovered that 80% of respondents would not feel comfortable moving to a location with increased natural disasters. Therefore, incorporating this new climate risk assessment tool was a natural step for the brokerage.
The analyzer will rate a neighborhood out of 100 - 100 representing an extreme forecasted change - and will also provide a series of categorical analyses, such as 'heat risk.'
