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“A decisive factor when buying a house”
Tennessee

“A decisive factor when buying a house”

Thanks to Zillow’s newest feature, buying a home just got a lot smarter. According to Axios, the popular real estate platform now offers home hunters a powerful tool to make informed decisions about their future home and wallet.

Zillow introduces climate risk assessments, interactive maps and insurance information directly into its real estate listings. This update combines data from climate risk firm First Street with Zillow’s extensive real estate database, providing a one-stop shop for savvy home buyers.

Want to know if this dreamy beachfront property might be hit by flooding down the road? Or whether this cozy cabin in the woods could be at risk of wildfires? Zillow’s new feature addresses your concerns. It provides historical data on past climate events in the region and future risk assessments for floods, wildfires, strong winds, extreme heat and poor air quality.

Zillow is also the first to integrate insurance rating data. This means you’ll be aware of any potential insurance availability issues or price increases before you fall in love with a property. Talk about dodging a financial bullet.

This move from Zillow is designed to help you find your dream home while protecting your investment and peace of mind. By arming homebuyers with this important information, Zillow enables us to make decisions that are good for our families and our planet.

Zillow chief economist Skylar Olsen puts it succinctly: “Climate risks are now a critical factor in home buying decisions.”

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And the numbers prove it. Compared to five years ago, more new listings across the country are associated with greater climate risks.

“Now, as homebuyers look for their forever home, they will see not only property-specific climate risk data, but also insurance indicators alerting them to possible availability or concerns about rapid price appreciation,” said Matthew Eby, founder and CEO of First Street , said.

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